Chinese Company to Invest US$ 42 Million in Ishwardi EPZ
Chinese Company to Invest US$ 42 Million in Ishwardi EPZ
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| Ishwardi EPZ |
Chinese company Vanessa Enterprise has signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) for setting up a Ladies Intimate Garments Accessories Company in Ishwardi EPZ with an investment of US$ 41.77 million.
This fully foreign owned company will produce annually 299.52 million pieces of Bra Cup and PU Foam. 4028 Bangladeshi nationals will be employed in this factory.
Member (Finance) of BEPZA Nafisa Banu and Managing Director of Vanessa Enterprise Ltd. Mr. Choi Chun Ho signed the agreement recently at BEPZA Complex, Dhaka on behalf of their respective organizations.
BEPZA is trying its best to attract foreign & local investment in the EPZ even during the Covid-19 pandemic. Investment-friendly policies of the Government and favorable investment atmosphere of EPZs are encouraging various investors to invest in EPZs.
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