South Korean company Kido Dhaka Co Ltd is going to establish a high-end garments and sportswear manufacturing industry in Adamjee Export Processing Zone with an investment of $31.17 million.

This fully foreign-owned company will produce annually 2 million pieces of different types of jackets made of cloths, leather, fibre, fleece, baby warmer, soft shell and sweatshirt along with vest, work-wear, coverall, hospital gown, protective cloths and personal protective equipment, according to a press release.

The investment is expected to create job opportunities for 6,040 Bangladeshi workers.

Kido Dhaka Co Ltd will generate more employment opportunities for the Bangladeshi nationals gradually as it has plans to invest more through taking closed industrial plants of EPZs on lease.

Ali Reza Mazid, member for investment promotion of Bangladesh Export Processing Zones Authority (Bepza), and Young Dae (Joseph), acting director of Kido Dhaka Co Ltd, signed an agreement in this regard today at Bepza Complex in Dhaka.

Major General Abul Kalam Mohammad Ziaur Rahman, new executive chairman of Bepza, and Major General Md Nazrul Islam, previous executive chairman, were present at the agreement signing ceremony.

The renowned sportswear manufacturing company of South Korea also has five plants in Vietnam, Myanmar and Indonesia.