Dhaka, Oct. 16 -- October4128 (BD) Ltd., a Chinese-owned company, signed an agreement on Thursday with the Bangladesh Export Processing Zones Authority (BEPZA) to invest US$ 19.72 million in establishing a high-end garments manufacturing facility at the BEPZA Economic Zone (BEPZA EZ) in Mirsharai, Chattogram.

Member (Investment Promotion) Md. Ashraful Kabir signed on behalf of BEPZA, while Managing Director of October4128 (BD) Ltd Mohammed Taufikul Ahsan represented the company.

The agreement was signed at the BEPZA Complex in Dhaka in the presence of Executive Chairman of BEPZA Major General Mohammad Moazzem Hossain, according to a press release.

The factory will produce 3 million pieces annually of ski, snow sports, hunting and motor...