Bangladesh Export Processing Zones Authority (BEPZA) is set to receive an investment of $6.05 million from Bangladeshi company Bhaiya Apparels Limited for a readymade garments (RMG) manufacturing factory in the region. The two parties recently signed an agreement to this effect at BEPZA Complex in Dhaka, Bangladesh.
Under the new deal, Bhaiya Apparels is expected to produce six million pieces of jackets, vests, coveralls, pants, shirts, swimming trunks, T-shirts, boxers, tank tops, etc per year. Around 2,206 Bangladeshis will stand to gain employment opportunities at the new factory, according to local media reports.
BEPZA Economic Zone (EZ) at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram is being touted as BEPZA’s biggest venture. BEPZA has greenlighted up to 16 enterprises including Bhaiya Apparels to build factories in BEPZA EZ, totalling a proposed investment of $370 million.
BEPZA is set to receive an investment of $6.05 million from Bangladeshi company Bhaiya Apparels Limited for a RMG manufacturing factory in the region. The two parties recently signed an agreement to this effect at BEPZA Complex in Dhaka, Bangladesh. Around 2,206 Bangladeshi nationals will stand to gain employment opportunities at the new factory.
Fibre2Fashion News Desk (NB)
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