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Nova Intima to invest $28m in BEPZA EZ

Nova Intima to invest $28m in BEPZA EZ

Women's undergarments maker Nova Intima signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) on Monday (Aug 1) to invest $28 million in BEPZA economic zone in Chattogram's Mirsharai.

This investment will help produce 60 million units of undergarments and associated fabrics and accessories annually and create employment opportunities for 5,625 Bangladeshis.

Vijay Uttam, managing director of the company of the British Virgin Islands Hong Kong Office, signed an agreement with Ali Reza Mazid, investment promotion member of BEPZA, at BEPZA Complex in Dhaka on Monday, said a press release.

With this, a total of 11 companies have signed agreements to invest $243.71 million to establish industries in BEPZA Economic Zone.

BEPZA Executive Chairman Abul Kalam Mohammad Ziaur Rahman was present.