Chinese company Venus Beauty Limited will invest USD $ 50 million to set up a hair fashion accessories manufacturing industry in BEPZA Economic Zone.
This fully foreign owned company will produce annually 226.09 million pcs of fashion accessories, plastic comb, mirror, headband, pony tailor and amp; pony band.
Around 4000 Bangladeshi nationals will get employment opportunities in this factory.
The company has another diversified product manufacturing factory named Tung Hing (BD) Manufacturing Limited at Cumilla EPZ.
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An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Venus Beauty Limited at BEPZA Complex in the capital on Monday.
Nafisa Banu, Member (Finance) of BEPZA and AMM Shamsuddin Chowdhury, Executive Consultant of Venus Beauty Limited signed the agreement on behalf of their respective sides.
The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director(Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam and Project Director of BEPZA EZ Md. Hafizur Rahman, among others, were present in the signing ceremony.