Mirsharai: Unifa Accessories (BD) Co. Ltd., a company owned by China and the British Virgin Islands, is set to invest $48.66 million to establish a bag and fashion accessories manufacturing industry in the BEPZA Economic Zone (BEPZA EZ) located in Mirsharai, Chattogram. An agreement was signed at the BEPZA Complex in the city between Bangladesh Export Processing Zones Authority (BEPZA) and Unifa Accessories (BD) Co. Ltd.
According to Bangladesh Sangbad Sangstha, the agreement was signed in the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman. BEPZA Member (Investment Promotion) Md. Ashraful Kabir and Chairman of Unifa Accessories (BD) Qian Danchu signed on behalf of their respective sides.
The foreign-owned company plans to produce 28 million pieces of various fashion products annually, including bags, belts, caps, hats, scarves, mufflers, eyewear, and eyeglass frames. This project is expected to generate employment for 2,830 Bangladeshi nationals.
The BEPZA Executive Chairman welcomed Unifa’s investment in Bangladesh, especially in BEPZA EZ. He assured the company of BEPZA’s cooperation for smooth business operations and expressed confidence that this Foreign Direct Investment (FDI) would contribute to the country’s socio-economic development.
The signing ceremony was attended by senior BEPZA officials, including Member (Engineering) Md. Imtiaz Hossain, Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam, Executive Director (Public Relations) A.S.M Anwar Parvez, and representatives from Unifa Accessories (BD).