Chinese company to invest $5.36 mn in Bangladesh's BEPZA EZ

30 Aug '24

1 min read

Chinese company to invest $5.36 mn in Bangladesh's BEPZA EZ

DC Industry (Bangladesh) Co Ltd signs agreement with BEPZA at BEPZA Complex in Dhaka. Pic: BEPZA

Insights

DC Industry (Bangladesh) Co Ltd will invest $5.36 million to establish a 'Bag & Wallet' manufacturing unit in the BEPZA Economic Zone.
The facility will produce 2.5 million handbags, 1.5 million backpacks, and 1 million wallets annually, creating 2,990 jobs.
This investment is part of a broader $711 million in commitments from 31 companies in the BEPZA EZ.

Chinese company DC Industry (Bangladesh) Co Ltd will invest $5.36 million to set up a ‘Bag & Wallet’ manufacturing industry in Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone (EZ) located at Mirsharai, Chattogram. BEPZA signed an agreement with the company at BEPZA Complex, Dhaka.

Ashraful Kabir, member (investment promotion) of BEPZA and Han Chenguang, managing director of DC Industry (Bangladesh) Co Ltd signed the agreement on behalf of their respective organisations. This foreign owned company will produce 2.5 million pieces of handbags, 1.5 million pieces of backpacks and 1 million pieces of wallets annually. As many as 2,990 Bangladeshi nationals will get employment opportunities in this company, BEPZA said on its website.

A total of 31 companies, including DC Industry (Bangladesh), have signed agreements to invest in the BEPZA EZ with a total proposed investment of $711 million.

Fibre2Fashion News Desk (RR)

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