M/s Bangladesh Haijintone Hair Products Co Limited, a Chinese company, will invest $3.82 million in Ishwardi Export Processing Zone to establish a wig manufacturing industry, said a press release.
Bangladesh Export Processing Zones Authority member (engineering and investment promotion-additional charge) Md Imtiaz Hossain and M/s Bangladesh Haijintone Hair Products Co Limited chairman Gao Tuanxu signed an agreement in this regard at BEPZA Complex in Dhaka on Monday.
BEPZA executive chairman Major General Abul Kalam Mohammad Ziaur Rahman, among others, was present.
The company plans to produce 6.98 million pieces of hair wigs and hair-related products annually, creating employment opportunities for 1,474 Bangladeshi nationals.