Singapore-China JV to invest $27.57m in Bepza EZ Star

Journey Outdoors Bangladesh Co Ltd, a Singapore- and China-owned company, will invest $27.57 million to set up a high-end garments and outdoor products manufacturing factory at the Bepza Economic Zone (Bepza EZ) in Mirsharai, Chattogram.

The company plans to produce 16 million pieces of high-end apparel and outdoor products annually, including underwear, T-shirts, polo shirts, shorts, jeans, and various types of jackets — fleece, soft shell, down, cotton, leather, waterproof, windproof, and faux leather.

It will also manufacture ski suits, long pants, hiking outfits, yoga wear, golf outfits, backpacks, tents, sleeping bags, and accessories such as hats, gloves, socks, and scarves.

The investment is expected to create employment opportunities for 3,467 people, according to a press release.

Md Ashraful Kabir, member (investment promotion) of the Bangladesh Export Processing Zones Authority (Bepza), and Han Junxiao, managing director of Journey Outdoors Bangladesh Co Ltd, signed an agreement in this regard at the Bepza Complex in Dhaka yesterday.

Major General Mohammad Moazzem Hossain, executive chairman of Bepza, attended the signing ceremony and said the authority is committed to providing world-class support and ensuring a secure, business-friendly environment for all investors.

With this new agreement, the total proposed investment in the Bepza EZ now stands at $1.11 billion from 50 companies, highlighting the zone's growing prominence as a global investment hub.