HZ Outdoor International Co Ltd, a company with origins from China and Taiwan, is going to set up a readymade garment and bag manufacturing industry at Karnaphuli Export Processing Zone (KEPZ) with an investment of $6.03 million.
The company will produce annually 3.08 million pieces of jackets, bags, shirt, pants, shorts, trousers, cap/hat, skirt, vest and shocks, said a press release.
An estimated 2,202 Bangladeshis will get employment opportunity in this factory.
An agreement was signed between Bangladesh Export Processing Zones Authority (Bepza) and HZ Outdoor International at Bepza Complex in the capital on Sunday.
Ali Reza Mazid, member (investment promotion) of Bepza and Roberto Haryono Go, general manager of HZ Outdoor, signed the agreement on behalf of their respective organizations.
Executive Chairman of Bepza Maj Gen Abul Kalam Mohammad Ziaur Rahman was also present at the signing ceremony.
Among others, member (engineering) Mohammad Faruque Alam, member (finance) Nafisa Banu, executive director (administration) Md Zakir Hossain Chowdhury, executive director (public relations) Nazma Binte Alamgir, executive director (enterprise services) Md Khorshid Alam and additional executive director (investment promotion) Md Fazlul Haque Mazumder also attended the ceremony.
HZ Outdoor already has another factory set up at Chittagong EPZ.