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Kido Dhaka Company Ltd, a Dhaka-based South Korean company, is going to establish a high-end garments and sportswear manufacturing industry at Adamjee Export Processing Zone with an investment of $31.17 million.
This fully foreign-owned company will annually produce two million pieces of different types of jackets made of cloth, leather, fibre, and fleece as well as baby warmers, soft shells, sweatshirts, vests, work-wear, coveralls, hospital gowns, and other personal protective equipment, according to a press release.
The investment is expected to create job opportunities for 6,040 Bangladeshi workers.
Kido Dhaka Company will generate more employment opportunities for the Bangladeshi nationals gradually as it has plans to invest more through taking closed industrial plants of export processing zones on lease.
Ali Reza Mazid, member for investment promotion of the Bangladesh Export Processing Zones Authority (Bepza), and Young Dae Joseph, acting director of Kido Dhaka Company, signed an agreement on behalf of their respective organisations at Bepza Complex in Dhaka yesterday.
Major General Abul Kalam Mohammad Ziaur Rahman, new executive chairman of Bepza, and Major General Md Nazrul Islam, previous executive chairman, were present.
In addition, the South Korean sportswear manufacturer also has five plants collectively in Vietnam, Myanmar and Indonesia.
(TDS)
