Chic Wings (BD) Lingerie Co Limited, a Singapore-China joint venture, will invest $18 million to establish a garment manufacturing plant in the BEPZA Economic Zone (BEPZA EZ). The Bangladesh Export Processing Zones Authority (BEPZA) signed the agreement on November 12, 2024, at the BEPZA Complex in Dhaka.
In the presence of BEPZA executive chairman major general Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc, member (investment promotion) of BEPZA, Ashraful Kabir and managing director of Chic Wings (BD) Lingerie Co Limited Lijuan Chen signed the agreement on behalf of their respective organisations.
Chic Wings (BD) Lingerie Co Limited will produce 30 million pieces of various garments annually, including briefs, undergarments, slips, boxers, shorts, camisoles, bras, and vests. The company plans to create 3,000 jobs for Bangladeshi nationals.
BEPZA Economic Zone (BEPZA EZ), located in Mirsharai, Chattogram, is BEPZA’s largest venture. A total of 36 companies, including Chic Wings (BD), have signed agreements to invest a total of $868.5 million in the zone. Three of these companies have already begun commercial operations.