BEPZA EZ attracts $27.57m from Singapore-China investors for garments
Business Report :
Journey Outdoors Bangladesh, a company jointly owned by investors from Singapore and China, has signed a lease agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to invest US$ 27.57 million in a high-end garment and outdoor products manufacturing facility in the BEPZA Economic Zone (EZ) at Mirsharai, Chattogram. The signing took place on tuesday at the BEPZA Complex in Dhaka.
The agreement was signed by Md. Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Ms. Han JunXiao, Managing Director of Journey Outdoors Bangladesh, with BEPZA Executive Chairman Major General Mohammad Moazzem Hossain, ndc, afwc, psc, G, MPhil in attendance. Senior BEPZA officials, including Abdullah Al Mamun (Member, Engineering), were also present, along with representatives of Journey Outdoors Bangladesh.
The project will produce approximately 16 million pieces of high-end apparel and outdoor products annually. The product range will include underwear, T-shirts, polo shirts, shorts, fleece and down jackets, soft shell and waterproof jackets, ski suits, hiking, yoga, and running outfits, jeans, golf wear, casual skirts, fur-lined garments, as well as outdoor equipment such as backpacks, cross-body bags, tents, sleeping bags, hammocks, canopy tents, hats, gloves, socks, and scarves.
The initiative is expected to create employment opportunities for 3,467 Bangladeshi nationals, contributing significantly to the local economy and skill development in the manufacturing sector.
This investment marks a significant milestone for BEPZA as Journey Outdoors Bangladesh becomes the 50th company to sign a lease agreement in the Mirsharai Economic Zone. The growing number of investors underscores BEPZA’s increasing global appeal and highlights Bangladesh’s position as an emerging hub for export-oriented industries offering long-term stability and world-class infrastructure.
BEPZA Executive Chairman Major General Moazzem Hossain thanked the company for choosing Bangladesh as their investment destination. He emphasized that BEPZA remains committed to providing world-class support, security, and a business-friendly environment for all investors to operate successfully.
With the addition of this project, the BEPZA Economic Zone has now secured a total proposed investment of US$ 1.11 billion from 50 companies, reflecting its potential to attract a wide variety of industries and enhance Bangladesh’s export-oriented manufacturing sector.
Industry analysts say the investment will strengthen Bangladesh’s garment and outdoor products sector, create job opportunities, and encourage further foreign direct investment, particularly from East Asian and Southeast Asian investors looking for reliable manufacturing bases.