Bangladesh Haijintone Hair Products Co. Ltd., a Chinese company, is set to invest US$ 3.82 million in Ishwardi Export Processing Zone (Ishwardi EPZ) to establish a wig manufacturing industry. 

The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company on Monday at the BEPZA Complex in Dhaka, according to a press release.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc, witnessed the signing ceremony, where Member (Engineering & Investment Promotion-Additional Charge) of BEPZA Md. Imtiaz Hossain and the Chairman of Bangladesh Haijintone Hair Products Co. Ltd. Gao Tuanxu signed the agreement on behalf of their respective organizations.

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The Chinese company plans to produce 6.98 million wigs and hair-related products annually, creating employment opportunities for 1474 Bangladeshi nationals. This will be the fourth factory in Ishwardi EPZ producing wigs and hair-related items.

BEPZA Executive Chairman thanked Bangladesh Haijintone Hair Products for choosing Ishwardi EPZ as their investment destination, highlighting BEPZA's commitment to providing investors with a secure and supportive environment. 

He encouraged the company and other Chinese investors to consider further investments in diverse sectors.

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