India-Bangladesh JV to invest $2.95 mn in garment accessories unit

31 May '21

1 min read

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Khyaati Leather Innovation Bd Limited, an India-Bangladesh joint venture (JV), will set up a garment accessories and bags manufacturing unit in Bangladesh at an investment of $2.95 million. The company has signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to establish the factory in Ishwardi Export Processing Zone (EPZ).

The new unit will produce over 40-50 million pieces of back patches using paper, PU and leather, heat seal labels, silicon labels, belts, printed fabrics (coated and uncoated), hanging accessories, fabric label, hang tags/stickers, laces, shoe sole, shoe upper, bags and more, said the country’s media reports.

It will also produce buttons, rivets, metal and plastic IDs, metal and plastic eyelets, lock-pin, all types of fashionable tapes, taffeta labels, woven labels and knitted and fabric belts among other things.

The manufacturing unit is expected to create over 116 jobs in Bangladesh.

The agreement for the factory was signed between Md. Mahmudul Hossain Khan, member (investment promotion) of BEPZA and Pravin Satyapal Uppal, chairman of Khyaati Leather in Dhaka.

Fibre2Fashion News Desk (KD)

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