Staff Reporter :
A Chinese company Bangladesh Haijintone Hair Products Co. Ltd. is set to invest $ 3.82 million in Ishwardi Export Processing Zone (EPZ) to establish a wig manufacturing industry.
The Bangladesh Export Processing Zones Authority (BEPZA) on Monday signed an agreement with the company at the BEPZA Complex in the capital, said a press release.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony, where Member (Engineering and Investment Promotion-Additional Charge) of BEPZA Md. Imtiaz Hossain and Chairman of M/s Bangladesh Haijintone Hair Products Co. Ltd. Gao Tuanxu signed the agreement on behalf of their respective organizations.
The Chinese company plans to produce 6.98 million pieces of hair wigs and hair 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.
BEPZA Executive Chairman thanked Bangladesh Haijintone Hair Products for choosing Ishwardi EPZ as their investment destination, highlighting BEPZA’s commitment to providing a secure and supportive environment for investors.
He encouraged the company and other Chinese investors to consider further investments in diverse sectors.
