Chinese company SSH (BD) Sustainable Fashion Co Ltd is going to invest $24.05 million to set up a high-end garments factory in the Bangladesh Export Processing Zones Authority Economic Zone (BEPZA EZ). BEPZA inked the deal with the company at BEPZA Complex, Dhaka on January 4, 2023.
Including SSH (BD), BEPZA has signed agreements with a total 16 enterprises to establish industries in BEPZA EZ for an investment of $387.7 million. The company will produce annually 36 million pieces of different types of high-end garments including jackets, blazers, coats, suits, pants, trousers, jeans, shirts, shorts, long cargo pants, underwear, jerseys, T-shirts, knit-bottoms, baby bumpers, swimsuits, sheath dresses, hoodies, uniforms, etc.
The project is expected to provide employment opportunities for 2,062 Bangladeshi nationals. Moreover, SSH (BD) has more than 11 factories in other countries—Myanmar, Cambodia, and China.
Chinese company SSH (BD) Sustainable Fashion Co Ltd will be investing $24.05 million to build a high-end garments factory in BEPZA EZ. BEPZA inked the deal with the company at BEPZA Complex, Dhaka on January 4, 2023. Including SSH (BD), BEPZA has signed agreements with a total 16 enterprises to establish industries for an investment of $387.7 million.
Ali Reza Mazid, member (investment promotion) of BEPZA and Sun Ge, managing director of SSH (BD) Sustainable Fashion Co Ltd signed the agreement on behalf of their respective organisations.
Fibre2Fashion News Desk (NB)
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