Unifa Accessories (BD) Co. Ltd., a foreign-owned company based in China and the British Virgin Islands, is set to invest $48.66 million to establish a manufacturing facility in the BEPZA Economic Zone located in Mirsarai, Chattogram.
The factory will produce bags and various fashion accessories for global markets. It is expected to create employment opportunities for around 2,830 Bangladeshi workers.
To formalize the investment, a signing ceremony was held on Thursday at the BEPZA Complex in Dhaka between the Bangladesh Export Processing Zones Authority (BEPZA) and Unifa Accessories (BD) Co. Ltd.
The agreement was signed by Md. Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Qian Danchu, Chairman of Unifa Accessories (BD) Co. Ltd., in the presence of BEPZA Executive Chairman Maj Gen Abul Kalam Mohammad Ziaur Rahman.
The upcoming factory aims to produce approximately 28 million units of products annually, including bags, belts, caps, hats, scarves, mufflers, eyewear, and spectacle frames.
Welcoming the investment, Major General Ziaur Rahman expressed gratitude to Unifa for choosing the BEPZA Economic Zone and assured full support from BEPZA to ensure smooth business operations. He emphasized that this foreign direct investment would play a significant role in the country’s socio-economic development.
Several high-level officials from BEPZA attended the ceremony, including Member (Engineering) Md. Imtiaz Hossain, Member (Finance) A. N. M. Fayzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khurshid Alam, and Executive Director (Public Relations) A.S.M. Anwar Parvez. Representatives from Unifa Accessories (BD) Co. Ltd. were also present.
The BEPZA Economic Zone is BEPZA’s largest industrial development project to date. With the inclusion of Unifa Accessories, a total of 42 companies have signed agreements to establish industries in the zone, committing to a combined proposed investment of $942.15 million. Four of these companies have already commenced commercial production.