Chinese company Dream Industries Bengal Co Ltd has signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to establish a wig and hair goods manufacturing industry in Ishwardi EPZ with an investment of US$ 3.85 million.
The fully foreign-owned company will annually produce 2.6 million pieces of wigs made of synthetic fiber and hair goods made of human hair & washed bovine hair, BEPZA said in a press release.
The company will reportedly create employment opportunities for 2496 Bangladeshi nationals.
In presence of the Executive Chairman of BEPZA Major General Md Nazrul Islam, member (Investment Promotion) of BEPZA Md. Mahmudul Hossain Khan and Managing Director of Dream Industries Bengal Co Ltd Feng Haoran signed the agreement on Thursday at BEPZA Complex in Dhaka.
Among others, BEPZA member (Engineering) Mohammad Faruque Alam, Secretary Md Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir, and General Manager (Investment Promotion) Md Tanvir Hossain were present at the signing ceremony.
According to the press release, BEPZA claimed that it has been receiving investment proposals from both local and foreign investors because of the congenial investment atmosphere in EPZs even amid the ongoing pandemic.
