A Chinese company named LianXin Footwear will set up a shoe manufacturing industry by investing US$ 5.0 million in the Chittagong Export Processing Zone (EPZ), reports BSS.

This 100 percent foreign owned company will create employment opportunity for 1,774 persons including 56 foreign nationals, a press release said Monday.

An agreement in this connection was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the LianXin Footwear Company in BEPZA Complex.

Member (investment promotion) of BEPZA Prasanta Bhushan Barua and Chairman of LianXin Footwear Company Chen Chun Fu signed the agreement on behalf of their respective sides.