Dhaka, Aug. 11 -- Chinese investor Kaixi Group has signed a fresh agreement to invest US$40.05 million in an intimate garments and accessories manufacturing facility at the BEPZA Economic Zone (BEPZA EZ), marking its second major investment in the zone.

The agreement was inked on Monday between the Bangladesh Export Processing Zones Authority (BEPZA) and Kaixi Garments Bangladesh Ltd., a concern of Kaixi Group, at the BEPZA Complex in Dhaka.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony. Member (Investment Promotion) of BEPZA Md. Ashraful Kabir and Chairman of Kaixi Garments Bangladesh Ltd. Xiao Hongxi signed the agreement on behalf of their respective organisations.

According to...