Chinese firm Kaixi to invest $61m in Bepza economic zone

Business Desk :
Chinese company Kaixi Lingerie Bangladesh Co Ltd is going to invest $60.85 million to set up a composite garments industry in Bepza Economic Zone.
Kaixi will set up its company at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and annually produce 30 million pieces of lingerie items and textiles (fabric), accessories, hangers and foam.
This investment will create employment opportunities for 11,000 Bangladeshi nationals, according to a press release of Bepza.