Home / Knowledge / News / Tata's in Bangladesh, to invest in footwear plant
Tata's in Bangladesh, to invest in footwear plant
Apr '10
As the investors in India identify Dhaka as a good destination for investment, the US $70 billion Tata Group, a leading Indian firm, has signed a memorandum of understanding with Nitol-Niloy Group, its Bangladeshi partner, to establish a footwear and bicycle plant in Bangladesh.

O K Kaul, Executive Director, Tata International signed the deal with Nitol-Niloy's chairman Abdul Matlub Ahmad, thus officially confirming the top Indian conglomerate's entry in the Bangladeshi manufacturing sector.

Kaul informed that, as per the agreement, both the companies together will be setting up a huge footwear factory with a capacity to produce 5,000 pair of shoes daily. He added that, as Bangladesh has favourable trade access in Europe and North America, it aimed to export the entire production from these plants there.

With signing of this MoU, Tata Group and after a period of four years, marks its re-entry in country's investment sphere as it then negated its investment plan totalling to US $ 3.00 billion in Bangladesh's steel, power and fertiliser sectors.

He divulged this information, as he spoke on the sidelines of a seminar on 'Bangladesh as an Investment Destination' jointly organized by India Bangladesh Chamber of Commerce of Industry (IBCCI) and Confederation of Indian Industry (CII) at a city hotel.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Urs Stalder
Sanitized AG

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search