Home / Knowledge / News / Apparel/Garments / Giant Group to establish Tk1000 million RMG unit
Giant Group to establish Tk1000 million RMG unit
06
Oct '10
A composite RMG unit is going to be established, next year with an investment of Tk1000 million in Bangladesh by the Giant Group, which is a local export-driven company producing ready-to-wear garments. Last year, the Giant Group had exported readymade garments worth US $20 million.

The building foundation laying ceremony took place at the factory site located at Baniarchala of Bhabanipur area in Gazipur district. A bank has provided a loan of Tk700 million for the company's new venture.

The formal operation of the unit is expected to begin by April, 2011. The company also anticipates a knitting capacity of 20,000 pieces per day in the initial stage of the unit's functioning.

The factory is expected to produce 50,000 pieces of woven apparel per day when it begins its full-fledged manufacturing process by September, 2011. Some of the latest eco-friendly machines are likely to be engaged in manufacturing high-quality apparels for brands such as Next, Nike and Tesco.

Once, the factory becomes completely operational, it is anticipated to provide employment to 5,000 workers.



Fibre2fashion News Desk-India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search