China company to invest $42m in Ishwardi EPZ

    Chinese company Vanessa Enterprise has signed a $ 41.77 million agreement with the Bangladesh Export Processing Zones Authority (Bepza) to produce accessories for women’s home apparel in the Ishwardi Export Processing Zone (EPZ) in Pampna.

    Under the agreement, the company will produce 299.52 million pieces of bra cup and polyurethane foam annually, a Bepza press release said yesterday.

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    Bepza said the plant would employ at least 4,028 Bangladeshis.

    Bepza (Finance) member Nafisa Banu and Vanessa Enterprise CEO Choi Chun Ho recently signed the deal at the Bepza complex in Dhaka.

    Newsvibe24 Source