Bay’s leather park eyes $25m Chinese fund

Chinese companies are likely to invest Tk 200 crore ($25 million) at the Bay’s planned leather and footwear industrial park in the Mirsarai Economic Zone in Chittagong. According to Bay Group, 18 leather and footwear makers based in China are interested to make the investment in order to produce leather goods and footwear.

The investment figure is an initial estimation and it will go up gradually, said an official of the group. At least 1,000 jobs will be created directly at the park.