Textiles
Trendy textiles invest $39 million in Dhaka EPZ
Bangladeshi company trendy textiles limited will invest USD $39 million to establish a knit composite textile industry in Dhaka EPZ.
The company will produce annually 15 million pieces of T-Shirt, Tank-Top, Polo-Shirt, Sweatshirt, Cotton-CVC Fleece jackets, Trousers, Hoody jackets, Fancy Ladies-Children Wear, and sportswear.
The company has signed an agreement to reopen a closed factory of Dhaka EPZ.
Read: BEPZA EZ gets $28m more in investment
The trendy textiles will create jobs opportunity for 2993 Bangladeshi nationals.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Nafees Muntasir Khan, Managing Director of Trendy Textiles Limited signed an agreement to this effect on behalf of their respective organizations on Tuesday.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, witnessed the agreement signing ceremony.
Read Chinese company to invest $ 12.89 million in Mongla EPZ
Members (Engineering) Mohammad Faruque Alam, Nafisa Banu (Finance) executive directors Nazma Binte Alamgir, Md. Tanvir Hossain and Md. Khorshid Alam, among other, were present at the function.
Textiles, apparel exports to US increase by 30.68pc: OTEXA
The import volume of textiles and apparel from Bangladesh by the United States of America (USA) keeps growing with 30.68 per cent rise last year, according to the Office of Textiles and Apparel (OTEXA), USA.
The OTEXA recently published the monthly trade data of the United State of America for the period of January-November, 2021.
The US import from Bangladesh during the mentioned period has increased by 30.68% compared to the same period of 2020, whereas their global import saw 25.43% growth, said Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Director Mohiuddin Rubel on Sunday.
Also read: BGMEA calls for investment in high value-added, non-cotton textile
China being the top import market for USA and having a 24% share of the USA’s total apparel import, posted 27.29% growth during this period, he said.
During this period USA's import from Vietnam has grown by 12.73%.
Countries which have seen significant growth are - Pakistan 59.30%, Honduras 47.10%, India 35.47%, and Mexico 29.67%.
Also read: Textiles lobby at work to secure govt handouts based on 2nd wave