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Dhaka Tribune

Z&Z Lingerie to invest $25m in Chittagong EPZ

The company will produce annually 43 million units of different kinds of lingerie like Bra, Panty, Legging etc and Sportsware in the industry

Update : 15 Oct 2020, 05:40 PM

M/s Z&Z Lingerie Limited, a local apparel company, is going to set up an intimate garments manufacturing industry in Chittagong Export Processing Zone with an investment of $ 25 million.

To this end, the company inked an deal with the Bangladesh Export Processing Zones Authority (Bepza) at the Bepza Complex in the capital on Thursday, said a press release.

Bepza Member (Investment Promotion) Md Mahmudul Hossain Khan and Z&Z Lingerie Managing Director Sharif Zahir signed the agreement on behalf of thier respective organizations, it added.

Bepza Executive Chairman Major General SM Salahuddin Islam, Member (Engineering) Mohammad Faruque Alam and Member (Finance) Nafisa Banu were present,   among others, in the event.

The company will produce annually 43 million units of different kinds of lingerie like Bra, Panty, Legging etc and Sportsware, the release reads, adding that M/s Z&Z Lingerie will create employment opportunity for 4736 Bangladeshi nationals. 

Apart from the new industry, the company had five more industries in different export processing zones.

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