BEPZA secures US$15.34m investment
Flourish Garments Bangladesh Co. Ltd., a China (Hong Kong)-based company, is set to invest US$ 15.34 million to establish a high-end garments manufacturing industry at the BEPZA Economic Zone (BEPZAEZ) located in Mirsharai, Chattogram.
An agreement to this effect was signed on Sunday at the BEPZA Complex, in the city, between the Bangladesh Export Processing Zones Authority (BEPZA) and Flourish Garments Bangladesh Co. Ltd.
Md. Tanvir Hossain, executive director (Investment Promotion) of BEPZA, and Han Junxiao, managing director of Flourish Garments Bangladesh Co., Ltd, signed the agreement on behalf of their respective sides. BEPZA Executive Chairman Major General Mohammad Moazzem Hossain, witnessed the signing ceremony.
The company will produce annually 4 million pieces of fleece jacket, soft-shell jacket, down jacket, cotton coat, leather jacket, underwear, T-shirt, polo shirt, shorts, parkas, coat, long pant, ski suit, ski pant, windproof jacket, fishing suit, hiking suit, yoga suit, running suit, jeans, knitted shorts, faux leather clothing, deer skin velvet clothing, golf clothing, casual skirt.
The project is expected to create employment opportunities for some 1,988 Bangladeshi nationals.
Speaking at the signing ceremony, BEPZA Executive Chairman warmly welcomed Flourish Garments Bangladesh Co.
Ltd. as a valued member of the BEPZA family and assured the company of BEPZA’s full support to ensure smooth and successful business operations in the zone.
He noted that BEPZA continues to expand its facilities and develop new zones to accommodate growing investor interest and further strengthen Bangladesh’s export-oriented industrial base.
The Executive Chairman also urged the newly-joined investor to encourage and attract more high-quality and responsible investors to BEPZA zones, contributing to sustainable industrial growth and export diversification of Bangladesh.
The ceremony was attended, among others, by Abdullah Al Mamun, member (Engineering); A N M Foyzul Haque, member (Finance); Samir Biswas, executive director (Administration); ASM Anwar Parvez, executive director (Public Relations) along with other senior officials of BEPZA and representatives of the company.
