Unifa Accessories (BD) Co. Ltd., a company jointly owned by China and the British Virgin Islands, is making a significant investment in Bangladesh’s manufacturing sector. The company has signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to invest US$48.66 million in setting up a state-of-the-art facility for producing bags and fashion accessories in the BEPZA Economic Zone, located in Mirsharai, Chattogram.

The signing ceremony took place on July 10, 2025, at the BEPZA Complex in Dhaka. The agreement was formalized by Mr. Md Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Mr. Qian Danchu, Chairman of Unifa Accessories (BD), in the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc.

Large-Scale Production and Employment Boost

Once operational, the new facility will produce an impressive 28 million pieces of fashion items annually. The product range will include:

• Bags
• Belts
• Caps & hats
• Scarves & mufflers
• Eyewear and eyeglass frames

The project is also expected to create 2,830 jobs for Bangladeshi nationals, contributing significantly to local employment and skills development.

Government Support and Strategic Impact

Welcoming the investment, BEPZA Executive Chairman Major General Ziaur Rahman expressed his commitment to ensuring full support for Unifa Accessories’ operations. He emphasized that such foreign direct investment (FDI) is vital for the country’s economic growth and industrial diversification.

Senior BEPZA officials present at the event included:

• Md Imtiaz Hossain, Member (Engineering)
• A N M Foyzul Haque, Member (Finance)
• Md Tanvir Hossain, Executive Director (Investment Promotion)
• Md Khorshid Alam, Executive Director (Enterprise Services)
• A.S.M Anwar Parvez, Executive Director (Public Relations)
  Representatives from Unifa Accessories (BD) also participated in the event.

BEPZA Economic Zone: A Growing Hub for Investment

The BEPZA Economic Zone in Mirsharai is currently BEPZA’s largest and most ambitious venture. So far, 42 companies have signed agreements to operate in the zone, with a total proposed investment of US$942.15 million. Among them, four companies have already begun commercial operations.

The addition of Unifa Accessories marks another milestone in the zone’s rapid development as a leading hub for export-oriented manufacturing in Bangladesh.

Source: The Business Standard