Hong Kong-British Virgin Island-owned ladies’ undergarments manufacturing company Nova Intima Limited is all set to invest US $28 million in Bangladesh’s BEPZA Economic Zone.
Reports maintained this adding the Managing Director of Nova Intima Limited, Vijay Uttam and investment promotion member of BEPZA, Ali Reza Mazid, signed an agreement to this end on behalf of their respective entities recently in the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman.
According to a press release issued in this direction, Nova Intima will produce annually 60 million units of ladies’ undergarments, fabrics and accessories for producing those undergarments even as this investment by Nova Intima will create employment opportunities for 5,625 Bangladeshi nationals, according to the press release.
