Dhaka: Wing Tai Garments (Bangladesh) Co. Ltd., a Chinese company, has signed a land lease agreement with Bangladesh Export Processing Zones Authority (BEPZA) to set up a ready-made garments manufacturing industry in the BEPZA Economic Zone at Mirsharai, Chattogram. The agreement, signed today at the BEPZA Complex in Dhaka, includes a proposed investment of $10.32 million and is set to create employment opportunities for 3,158 Bangladeshi nationals.
According to Bangladesh Sangbad Sangstha, Wing Tai Garments (Bangladesh) will produce a range of apparel, including knitwear garments such as tops, t-shirts, trousers, and shorts with an annual production target of 1.56 million pieces. Additionally, the company will produce woven garments like jackets, pants, and shorts, with an annual production target of 4.01 million pieces, said a press release.
Md Ashraful Kabir, Member (Investment Promotion), signed the agreement on behalf of BEPZA, while Li Qingqi, General Manager of Wing Tai Garments (Bangladesh) Co. Ltd., signed for the investing company. BEPZA Executive Chairman Major General Mohammad Moazzem Hossain witnessed the signing ceremony.
The Executive Chairman of BEPZA welcomed the investor, emphasizing BEPZA’s commitment to providing support and a conducive environment for businesses to thrive.
The signing ceremony was attended by several key officials, including A N M Foyzul Haque, Member (Finance); Md. Khorshid Alam, Executive Director (Enterprise Services); Samir Biswas, Executive Director (Admin); A.S.M. Anwar Parvez, Executive Director (Public Relations); Md. Fazlul Haque Mazumder, Executive Director (Investment Promotion-Addl. Charge); and Company Advisor of Wing Tai Garments (Bangladesh) AZM Azizur Rahman, along with senior officials of BEPZA and representatives from the investing company.