Chinese firm Wing Tai Garments to invest $10.32 million in Bepza EZ

Wing Tai Garments (Bangladesh) Co Ltd, a Chinese company, will invest $10.32 million to set up a readymade garment factory in the Bepza Economic Zone (Bepza EZ) at Mirsharai, Chattogram.

The company will produce a diverse range of apparel, including knitwear garments such as ladies', kids', and men's tops, T-shirts, trousers, and shorts, with an annual production target of 1.56 million pieces.

It will also manufacture woven garments such as ladies', kids', and men's jackets, pants, and shorts, with an annual production target of 4.01 million pieces.

The investment will create employment opportunities for 3,158 people, according to a press release.

Md Ashraful Kabir, member for investment promotion of the Bangladesh Export Processing Zones Authority (Bepza), and Li Qingqi, general manager of Wing Tai Garments (Bangladesh) Co Ltd, signed the agreement at the Bepza Complex in Dhaka today.

Major General Mohammad Moazzem Hossain, executive chairman of Bepza, attended the signing ceremony. At the event, Hossain emphasised Bepza's unwavering commitment to providing seamless support and a conducive environment for businesses to thrive.