Taiwan will invest 40 million US dollar for setting up a tent, sporting goods and outdoor garments industry in Karnaphuli Export Processing Zone of Chittagong. The Bangladesh Export Processing Zones Authority and Eusebio Sporting (Bangladesh) Ltd, a Taiwanese company, on April 25signed an agreement in Dhaka to this effect.

The 100 per cent foreign owned company would manufacture annually 42 lakh pieces of sleeping bags, rucksacks, tent and garments. The BEPZA has already sanctioned 12 industrial units in KEPZ with a proposed investment of 80 million US dollar and approximate employments for 24,000 Bangladeshis.