Journey Outdoors Bangladesh Co Limited, owned by investors from Singapore and China, is going to invest $27.57 million to establish a high-end garment and outdoor products manufacturing industry at the BEPZA Economic Zone at Mirsharai in Chattogram.
According to a press release issued by the Bangladesh Export Processing Zones Authority on Tuesday, Journey Outdoors Bangladesh has become the 50th company to sign a lease agreement in the BEPZA EZ.
Md Ashraful Kabir, member (investment promotion) of the BEPZA, and Ms Han JunXiao, managing director of Journey Outdoors Bangladesh, signed the agreement at BEPZA office in the capital on Tuesday.
BEPZA executive chairman Major General Mohammad Moazzem Hossain oversaw the signing ceremony.
The company would produce 16 million pieces of high-end apparel and outdoor products annually, including underwear, T-shirts, polo shirts, shorts, various types of jackets (fleece, soft shell, down, cotton, leather, waterproof, windproof, faux leather), outerwear, long pants, ski suits, ski pants, fishing, hiking, yoga and running outfits, jeans, knitted shorts, fur-lined garments, golf outfits, casual skirts, backpacks, cross-body bags, tents, sleeping bags, hammocks, outdoor canopy tents, hats, gloves, socks, and scarves.
The project is expected to create employment opportunities for 3,467 Bangladeshi nationals.
In his remarks, BEPZA executive chairman expressed his gratitude to Journey Outdoors Bangladesh for choosing Bangladesh, particularly BEPZA EZ, as their investment destination.
He highlighted the BEPZA鈥檚 unwavering commitment to providing world-class support for investors, fostering a secure and conducive environment for business operations.
With this agreement, the BEPZA Economic Zone has now secured a total proposed investment of $1.11 billion from 50 companies, demonstrating the zone鈥檚 potential to attract a wide range of industries.
Abdullah Al Mamun, member (engineering), ANM Foyzul Haque, member (finance), Md Khorshid Alam, executive director (enterprise services), Samir Biswas, executive director (admin), and ASM Anwar Parvez, executive director (public relations) of the BEPZA were also present along with representatives of Journey Outdoors.
