Chinese firm to invest $19.72m in high-end apparel plant at BEPZA EZ
October 4128 (BD) Ltd, a Chinese company, is set to invest $19.72 million to establish a high-end garment manufacturing facility at the BEPZA Economic Zone (BEPZA EZ) in Mirsharai, Chattogram.
An agreement to this effect was signed today at the BEPZA Complex, Dhaka, between the Bangladesh Export Processing Zones Authority (BEPZA) and October 4128 (BD) Ltd. Present at the ceremony was Major General Mohammad Moazzem Hossain, ndc, afwc, psc, G, MPhil, Executive Chairman of BEPZA. The agreement was signed by Md Ashraful Kabir, Member, Investment Promotion, on behalf of BEPZA, and Mohammed Taufikul Ahsan, Managing Director of October 4128 (BD) Ltd, on behalf of the company.
The company plans to produce about three million pieces annually, including ski, snow sports, hunting and motor riders' gear; insulated winter coats; down jackets and trousers; rain gear; workwear; running and yoga wear; and water sportswear. The project is expected to create 2,788 jobs for Bangladeshi nationals.
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The BEPZA Executive Chairman thanked the investor for choosing BEPZA EZ and assured full cooperation to ensure smooth operations.
To date, forty-nine companies, including October 4128 (BD) Ltd, have signed to invest in the BEPZA Economic Zone, with a total proposed investment of around $1.08 billion. Of these, six companies have already commenced production, reinforcing BEPZA EZ's position as a leading destination for both local and foreign investors.
The signing ceremony was attended by Abdullah Al Mamun, Member, Engineering; A N M Foyzul Haque, Member, Finance; Mohammad Anamul Haque, Project Director, BEPZA Economic Zone; A S M Anwar Parvez, Executive Director, Public Relations; and representatives of October 4128 (BD) Ltd.
