Chinese company signed $41.77 mn deal with BEPZA to produce ladies intimate in Ishwardi EPZ
Recently, Chinese company Vanessa Enterprise Ltd has signed a $41.77 million deal with Bangladesh Export Processing Zones Authority (BEPZA) to make ladies’ intimate garments accessories in Ishwardi EPZ in Pabna.
As per the agreement, the company will produce 299.52 million pieces of Bra Cup and Polyurethane Foam annually, said a press release of BEPZA.
BEPZA also said around 4,028 locals will be employed in this factory.
BEPZA Member (Finance) Nafisa Banu and Vanessa Enterprise Ltd Managing Director Choi Chun Ho signed the agreement at BEPZA Complex in Dhaka.
Vanessa Enterprise Ltd is a fabric processing unit supplying molded fabric bra cups for undergarments in Bangladesh. It is the first company in Bangladesh that provides fabric molding for the undergarment industry since 2011.