Dhaka, Oct. 28 -- The Bangladesh Export Processing Zones Authority (BEPZA) has achieved a new milestone as Journey Outdoors Bangladesh Co. Ltd. became the 50th company to sign an agreement to invest in the BEPZA Economic Zone (BEPZA EZ) at Mirsharai in Chattogram.

Journey Outdoors Bangladesh, owned by investors from Singapore and China, will invest US$ 27.57 million to set up a high-end garment and outdoor products manufacturing industry in the zone.

The lease agreement was signed on Monday at the BEPZA Complex in Dhaka between Md. Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Han JunXiao, Managing Director of Journey Outdoors Bangladesh Co. Ltd. BEPZA Executive Chairman Major General Mohammad Moazzem Hossain witnessed the...