China-based Home Joy Socks Bangladesh Company Limited has signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to establish a sock and garment manufacturing factory in BEPZA Economic Zone, Mirsarai, Chattogram. The company will invest $50 million to produce 100 million pairs of socks, 100 million pairs of tights, 100 million lingerie items, and 50 million pieces of infant knitwear annually. This investment will create 4,980 jobs for Bangladeshi workers.
BEPZA’s executive chairman, Maj Gen Abul Kalam Mohammad Ziaur Rahman, praised the investment, emphasizing its positive impact on Bangladesh’s socioeconomic development. To date, 33 companies have committed a total of $768.46 million to Bepza Economic Zone, with three already operational.
Comment here