, Aug. 24 -- Chinese company Dunion Taiyang Sheng Shoes (BD) Co. Ltd. is set to invest US$ 10.20 million in the BEPZA Economic Zone (BEPZA EZ) to establish a modern footwear manufacturing facility.

An agreement was signed on Sunday at the BEPZA Complex in Dhaka between Bangladesh Export Processing Zones Authority (BEPZA) and the Chinese investor, paving the way for the factory to start operations soon, according to a press release.

The deal was signed by Md. Ashraful Kabir, member (Investment Promotion) of BEPZA, and Ye Yary, chairman of Dunion Taiyang Sheng Shoes (BD) Co. Ltd., in the presence of Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of BEPZA.

Under the investment plan, the company will produce around 2.10...