Home / Knowledge / News / Foreign investors flood domestic trade grounds
Foreign investors flood domestic trade grounds
04
Feb '08
Bangladesh is emerging as one of the most preferred destination for investing countries like South Korea, China, Hong Kong, Taiwan, Pakistan, Germany, UK and even the US.

Statistics show that around 156 foreign companies with 100 percent ownership have established industries in different EPZs in the country.

Of the one mentioned, South Korea is one of the largest investors with about 40 companies involved only in ready made garments and related accessories production. Footwear and leather goods also form a significant sphere of investment for foreign companies. The next in line is Japan with 22 complete ownership and two joint venture investment.

While joint venture companies by China, Taiwan and Hong Kong have come up with 23 absolute ownership industries, the trio in agreement with Bangladeshi companies has also set up seven other industries.

India has also made the most of the opportunity given by Bangladesh, holding 11 complete ownership industries and five joint venture industries in BEPZA areas.

A total of 49 RMG and garments accessories producing industries are completely owned and operated by foreign investors. Textile sector ranks second with 38 industries Foreign Direct Investment(FDI).

These foreign investments have also tremendously boosted export from the Bangladesh Export Promoting Zones Authority (BEPZA) during the first half of 2007-08 fiscal year, rising to US $1076.96 million against $1015 million in the same period last year.

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Karan Toshniwal
Orange O Tec

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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