Chinese company to invest US$ 3.82 million in Ishwardi EPZ to produce wig
M/s Bangladesh Haijintone Hair Products Co. Ltd., a Chinese company, is set to invest US$ 3.82 million in Ishwardi Export Processing Zone (Ishwardi EPZ) to establish a wig manufacturing industry.
The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company today (February 24, 2025) at the BEPZA Complex in Dhaka.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, BSP, NDC, PSC, witnessed the signing ceremony. Mr Imtiaz Hossain, Member (Engineering & Investment Promotion-Additional Charge) of BEPZA, and Mr Gao Tuanxu, Chairman of M/s Bangladesh Haijintone Hair Products Co. Ltd., signed the agreement on behalf of their respective organisations.
The Chinese company plans to produce 6.98 million pcs of hair wigs and related products annually, creating employment opportunities for 1474 Bangladeshi nationals. This will be the fourth factory in Ishwardi EPZ producing wigs and hair-related items, joining the three other factories already engaged in similar production in the zone.
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BEPZA Executive Chairman thanked Bangladesh Haijintone Hair Products for choosing Ishwardi EPZ as their investment destination, highlighting BEPZA's commitment to providing investors with a secure and supportive environment. He encouraged the company and other Chinese investors to consider further investments in diverse sectors.
Senior BEPZA officials attended the signing ceremony, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam, Executive Director (Admin) Md. Tazim-Ur-Rahman, Executive Director (Public Relations) A.S.M Anwar Parvez, and Bangladesh Haijintone Hair Products representatives.
