Chinese company Red Forest Limited is going to set up a wig and carnival costume manufacturing industry in Uttara EPZ with an investment of US$ 2.26 million. They signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to this effect at BEPZA Complex, Dhaka on 1 November 2023.
Member (Engineering) of BEPZA Mr. Mohammad Faruque Alam and Director of Red Forest Limited Mr. Li Chao, signed the agreement on behalf of their respective organizations. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the signing ceremony.
Red Forest Limited will produce annually 4.09 million pieces of wigs & carnival costume. 379 Bangladeshi nationals will get employment opportunity.
Among others, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam and Executive Director (Public Relations) A.S.M. Anwar Parvez were present during the signing ceremony.
