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Moonstar Fashion to set up RMG factory in Mongla EPZ
07 Mar '15
1 min read
Bangladesh-based Moonstar Fashion will establish a readymade garment (RMG) factory in Mongla Export Processing Zone (EPZ).
According to an agreement signed between Bangladesh Export Processing Zones Authority (BEPZA) and Moonstar, the later will invest US$ 20.2 million to set up the RMG factory.
The new factory will have an annual capacity to produce 30.66 million pieces of underwear, 7.55 million pieces of Boxer shorts, 15.1 million pieces of intimate garments and 11.33 million pieces of swimming and active wear.
Once operational, the RMG factory will create employment opportunity for 2,832 Bangladeshi nationals.
The agreement was signed by Sayed Nurul Islam, member (Investment Promotion) of BEPZA and SM Amzad Hossain, managing director of Moonstar Fashion, in the presence of several other dignitaries at BEXPA complex this week.
Fibre2fashion News Desk - India
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