Sewtech Fashion of India has signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) to invest $9.26 million to establish a readymade garments manufacturing factory in Chattogram Export Processing Zone. Mohammad Faruque Alam, member (engineering) of Bepza, and Balagi Pavadai, Director of Sewtech Fashion, signed the agreement at the Bepza complex in Dhaka, according to a press release.
Sewtech Fashion, a sister concern of one of India’s largest apparel manufacturer Shahi Exports Pvt, will annually produce 3.36 million pieces of woven tops for ladies, kids and men. This will create employment opportunities for 3,393 Bangladeshi nationals.
Source: The Daily Star
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