Bangladesh, July 1 -- Italian and Irish-backed Deltaport Footwear Limited will invest US$21.6 million to establish a modern footwear manufacturing plant at the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone in Mirsharai, Chattogram.

The investment was formalised on Tuesday through the signing of a land lease agreement at the BEPZA Complex in the city, said a media release.Investing

Under the project, the company will manufacture a wide range of footwear products, including injected, cemented, casual, formal, ladies' and safety shoes, with an annual production capacity of around three million pairs.

The factory is expected to create employment for 468 Bangladeshi nationals and generate annual export earnings of abou...