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

Courtesy: American & Efird

Textiles | On 20th May 2018

A&E introduces Repel

American & Efird (A&E), a global leader in industrial sewing thread...

Archroma working with House of Denim Foundation

Textiles | On 20th May 2018

Archroma working with House of Denim Foundation

Archroma, a leader in colour and specialty chemicals, has joined...

Courtesy: Amazon

Textiles | On 20th May 2018

Amazon opening first fulfillment centre in Tucson

Amazon.com is opening its first fulfillment centre in Tucson, which...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urmil Arya

Sushila International, a well established textile organisation established ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search