Chinese company Longteng Garment Co Ltd will invest US$17 million to establish a garment factory at Mongla Export Processing Zone (MEPZ), creating employment opportunities for 3,005 Bangladeshis.

The Bangladesh Export Processing Zones Authority (BEPZA) signed a land lease agreement with the company at the BEPZA Complex in Dhaka on Monday.

BEPZA Member (Investment Promotion) Md Tanvir Hossain and Longteng Garment Chairman Lin Qiangqiang signed the agreement on behalf of their respective organisations.

BEPZA Executive Chairman Major General Mohammad Moazzem Hossain witnessed the signing ceremony along with senior officials of the authority.

The Chinese company will set up its factory on 16,426.37 square metres of land, with an annual production capacity of 6 million pieces of underwear and bras.

The products will be supplied to international brands, including Aerie, Calvin Klein, Zara, Florence & Fred (Tesco), ASOS and Primark. Major buyers will include H&M, Walmart, Marks & Spencer and Gap.

The company plans to export its products to major markets, including the United States, the United Kingdom, Europe, Algeria, Brazil, Australia, Chile, Mexico, Iraq, Japan and Canada.

Welcoming the investment, BEPZA Executive Chairman Moazzem thanked the company for placing its confidence in Bangladesh and BEPZA as an investment destination.

He assured the investor of the authority’s necessary support and cooperation in setting up the factory and ensuring smooth business operations.

As of September 2026, 39 enterprises were operating in Mongla EPZ, while another 10 were at the implementation stage, according to a press release.

The zone has recorded cumulative exports of $1.7 billion and total investment of $271.74 million, generating employment for 16,212 Bangladeshi nationals.