Dhaka, Jan. 26 -- The Bangladesh Export Processing Zones Authority (BEPZA) on Monday signed a lease agreement with South Korean company Park Handbag BD Ltd to establish a large-scale bag, luggage and high-end garments manufacturing facility at the BEPZA Economic Zone in Mirsarai, Chattogram.

The proposed investment, amounting to US$ 80 million, is expected to significantly contribute to industrial growth and employment generation in the country.

The agreement was signed at the BEPZA Complex in Dhaka.

Md Tanvir Hossain, Executive Director (Investment Promotion) of BEPZA, signed the agreement on behalf of BEPZA, while Beomjoon Park, Chairman of Park Handbag BD Ltd, signed on behalf of the investing company.

BEPZA Executive Chairman Majo...