An Indian company—Sewtech Fashion Ltd, a sister concern of India's largest apparel maker Shahi Exports Pvt Ltd—has agreed to invest $9.26 million in Chattogram Export Processing Zone.

The foreign company will establish a readymade garments manufacturing industry and will annually produce 3.36 million pieces of ladies, kids and men's woven tops.

The company expects to create job opportunities for 3,393 Bangladeshi nationals.

Mohammad Faruque Alam, member (engineering) of Bangladesh Export Processing Zones Authority (BEPZA), and Balagi Pavadai, director of Sewtech Fashion Ltd, signed an agreement in this regard at the Bepza Complex in Dhaka today.

Nafisa Banu, member (finance) of Bepza; Md Zakir Hossain Chowdhury, secretary, and Md Tanvir Hossain, general manager (investment promotion), among others, were also present.