Chinese company Dongfang Knitting (BD) Co. Ltd. will invest US$ 27.8 million to set up a sock manufacturing industry in BEPZA Economic Zone (BEPZA EZ) located at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Mirsharai, Chattogram.

In presence of the Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company on Tuesday.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Fang Zhendong, ManagingDirector of Dongfang Knitting (BD) Co. Ltd. signed the agreement on behalf of their respective organizations at BEPZA Complex, Dhaka.

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This foreign owned company will produce annually 216 million pairs of socks for men, women and kids and it will create employment opportunity for 5192 Bangladeshi nationals, said a press release.

BEPZA Executive Chairman welcomed Dongfang Knitting (BD) Co. Ltd. as the new member of BEPZA and thanked for choosing BEPZA EZ as their investment destination.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Md. Ashraful Kabir, Executive Director (Admin) A N M Foyzul Haque, Executive Director (Investment Promotion)Md. Tanvir Hossain, Project Director of BEPZA EZ Mohammad Anamul Haque and Executive Director (Public Relations) A.S.M Anwar Parvez along with representatives of the enterprise were presentduring the signing ceremony.