The manufacturer of women’s underwear Nova Intima signed a contract yesterday with the Bangladesh Export Processing Zones Authority (Bepza) to invest $28 million in the Mirsharai Bepza economic zone of Chattogram.

With this investment, 60 million units of underwear and related materials and accessories will be produced yearly, resulting in 5,625 Bangladeshi jobs.

A press release stated that Ali Reza Mazid, an investment promotion member of Bepza and Vijay Uttam, managing director of the company of the British Virgin Islands Hong Kong Office, inked an agreement at the Bepza Complex in Dhaka yesterday.

Eleven companies, including Nova Intima, have so far signed agreements with BEPZA to establish industries in BEPZA EZ with an investment of $243.71 million in total, said the release.

Abul Kalam Mohammad Ziaur Rahman, the executive chairman of BEPZA was present.

The post Nova Intima will put $28 million into Bepza Economic Zone appeared first on Dhaka Mirror.