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

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Eric Scholler

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

March 2017

March 2017

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


Browse Our Archives


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