Chinese company Unicorn Handbag Limited will invest US $21.85m to set up a carry bag and luggage manufacturing industry in the BEPZA Economic Zone.
Bangladesh Export Processing Zones Authority signed a deal with the company to this effect at BEPZA Complex, Dhaka on Wednesday.
In presence of BEPZA executive chairman Major General Abul Kalam Mohammad Ziaur Rahman, member, investment promotion, of BEPZA Md Ashraful Kabir and managing director of Unicorn Handbag Limited Zheng Shuyong signed the agreement on behalf of their respective sides.
This Chinese company, which will produce annually 1.7m pieces of backpacks, handbags, wallets, bags, caps, belts and luggage, is expected to generate 2,000 jobs for Bangladeshis.
Welcoming Unicorn Handbag Limited, the BEPZA executive chairman hoped that their investment would have a significant impact on Bangladesh鈥檚 Foreign Direct Investment landscape.