Chinese company to invest $42 million in Ishwardi EPZ
Image: Collected
Chinese company Vanessa Enterprise Ltd has signed a $41.77 million deal with Bangladesh Export Processing Zones Authority (Bepza) to produce ladies intimate garments accessories in Ishwardi EPZ in Pabna.
As per the agreement, the fully foreign-owned company will produce 299.52 million pieces of Bra Cup and Polyurethane Foam annually, said a press release of Bepza today.
Some 4,028 Bangladeshi nationals will be employed in this factory, it said.
Bepza Member (Finance) Nafisa Banu and Vanessa Enterprise Ltd Managing Director Choi Chun Ho signed the agreement recently at Bepza Complex in Dhaka.
As per the agreement, the fully foreign-owned company will produce 299.52 million pieces of Bra Cup and Polyurethane Foam annually, said a press release of Bepza today.
Some 4,028 Bangladeshi nationals will be employed in this factory, it said.
Bepza Member (Finance) Nafisa Banu and Vanessa Enterprise Ltd Managing Director Choi Chun Ho signed the agreement recently at Bepza Complex in Dhaka.
Source: https://www.thedailystar.net