Chinese firm Red Forest Limited is investing $2.26 million in setting up a wig and carnival costume manufacturing industry in the Uttara Export Processing Zone (EPZ) of Bangladesh. The company signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) for this project, with the aim of annually producing 4.09 million pieces of wigs and carnival costumes while providing employment opportunities for 379 Bangladeshi nationals. This initiative is expected to contribute to the country’s growing manufacturing sector, creating jobs and stimulating economic growth. The signing ceremony was attended by officials from both BEPZA and Red Forest Limited.
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