Unifa to invest $48.66m in accessories plant at Bepza EZ
Staff Reporter :
In a significant boost to Bangladesh’s export-oriented manufacturing sector, Unifa Accessories (BD) Co Ltd, a China-British Virgin Islands joint venture, is set to invest $48.66 million to establish a modern bag and fashion accessories manufacturing facility in the Bepza Economic Zone (Bepza EZ) at Mirsharai in Chattogram.
The agreement was formally signed yesterday at the Bepza Complex in Dhaka between the Bangladesh Export Processing Zones Authority (Bepza) and Unifa Accessories.
The signing ceremony was attended by Major General Abul Kalam Mohammad Ziaur Rahman, Executive Chairman of Bepza, who welcomed the investment and assured the investor of comprehensive support to ensure smooth operations.
According to Bepza, the new facility will produce 28 million units of fashion products annually, including bags, belts, caps, hats, scarves, mufflers, eyewear, and eyeglass frames, catering to growing global demand in the fashion and lifestyle sector.
The project is also expected to generate 2,830 jobs for Bangladeshi workers, adding momentum to the government’s goal of employment-led growth in high-value manufacturing.
The deal was signed by Md Ashraful Kabir, Member (Investment Promotion) of Bepza, and Qian Danchu, Chairman of Unifa Accessories (BD). Senior Bepza officials, including Member (Engineering) Md Imtiaz Hossain, Member (Finance) ANM Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Enterprise Services) Md Khorshid Alam, and Executive Director (Public Relations) ASM Anwar Parvez, were present at the ceremony along with representatives from Unifa.
“This project is not only a testament to Bangladesh’s growing appeal as a manufacturing hub but also a reflection of investor confidence in our industrial policies and infrastructure,” said Bepza Executive Chairman Maj Gen Ziaur Rahman.
“It will significantly contribute to employment, export earnings, and the broader socio-economic development of the country.”
The Bepza Economic Zone in Mirsharai, located within the Bangabandhu Sheikh Mujib Shilpa Nagar, is being positioned as a flagship destination for foreign direct investment (FDI), offering state-of-the-art infrastructure, simplified regulatory frameworks, and integrated logistics.
With the inclusion of Unifa Accessories, a total of 42 companies have now signed agreements to invest a combined $942.15 million in the Bepza EZ. Of these, four companies have already commenced commercial operations.
The arrival of Unifa adds further diversity to the manufacturing base of the zone, traditionally dominated by textiles and garments, and signals a strategic shift toward value-added fashion accessories and lifestyle products that have strong demand in both Western and Asian markets.