Wing Tai Garments (Bangladesh) Co Ltd, a Chinese company, has signed a land lease agreement with Bangladesh Export Processing Zones Authority (BEPZA) to set up a garment manufacturing factory at BEPZA Economic Zone (BEPZA EZ) at Mirsarai in Chattogram.

The agreement was signed on Tuesday at the BEPZA Complex in Dhaka for a proposed investment of $10.32 million, creating employment opportunities for 3,158 Bangladeshi nationals.

At Mirsarai, Wing Tai Garments will produce a diverse range of apparel, including knitwear garments like tops, t-shirts, trousers and shorts for ladies, kids and men with an annual production target of 1.56 million pieces. The company would also produce woven garments such as jackets, pants and shorts, with an annual production target of 4.01 million pieces, said a press release.

Md Ashraful Kabir, member (investment promotion), signed the agreement on behalf of BEPZA, while Li Qingqi, general manager of Wing Tai Garments (Bangladesh) Co Ltd, signed it on behalf of the investing company. BEPZA Executive Chairman Major General Mohammad Moazzem Hossain was also present at the signing ceremony.

The signing ceremony was attended by BEPZA officials including ANM Foyzul Haque, member (Finance); Md Khorshid Alam, executive director (Enterprise Services); Samir Biswas, executive director (Admin); ASM Anwar Parvez, executive director (Public Relations); and Md Fazlul Haque Mazumder, executive director (Investment Promotion-Additional Charge). Company Advisor of Wing Tai Garments (Bangladesh) AZM Azizur Rahman was also present.