Direction Technology (Bangladesh) Co. Limited, a Chinese company, has signed an investment agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to establish a manufacturing plant in the Chattogram Export Processing Zone (CEPZ).
The new facility will produce bluetooth headphones, wired headphones, and data cables.
This investment, worth US$3 million, is expected to diversify Bangladesh's export basket beyond its traditional apparel and textile industries and add a new dimension to technology-based manufacturing in the EPZ.
The project is expected create employment opportunities for 478 Bangladeshi nationals, said a press release.
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Md. Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Li Fanfan, Managing Director of Direction Technology (Bangladesh) Co. Limited signed in the document on behalf of the respective sides in presence of Major General Abul Kalam Mohammad Ziaur Rahman, Executive Chairman of BEPZA.
The company's focus on headphones and data cables underscores Bangladesh's shift toward higher-value, technology-oriented manufacturing, complementing the country's expanding electronics sector.
Welcoming the company, the Executive Chairman of BEPZA said that while Bangladesh is known for its apparel industry, BEPZA is equally committed to diversifying its export portfolio.
The signing ceremony was attended by other senior officials from BEPZA and representatives from Direction Technology.