Home / Knowledge / News / Textiles / Adamjee draws investment from Newtop Textile
Adamjee draws investment from Newtop Textile
Jan '08
Adamjee Export Processing Zone, country's seventh EPZ venture, added another success feather to its cap after being able to lure investment from Newtop Textile BD Limited from Hong Kong for setting up a textile plant here.

An agreement was inked on January 13, between the Bangladesh Export Processing Zones Authority (BEPZA) and the Newtop Textile BO Ltd.

Prasanta Bhushan Barua, Member (Investment Promotion) of BEPZA and Tang Qun, Managing Director, Newtop Textile BD Ltd signed the lease agreement.

Brigadier General Ashraf Abdullah Yussuf, Executive Chairman, AZM Azizur Rahman, General Manager (Investment Promotion) were among the BPEZA members present during the accord inking ceremony.

“Investments from abroad will lend a hand to strengthen country's economic position in the global market and this new textile facility of Newtop Textile BD Ltd is among them,” Brigadier General Ashraf Abdullah Yussuf, Executive Chairman BPEZA told Fibre2fashion.

While talking about other investments pouring in Adamjee EPZ, the Brigadier General said, “In recent period about 25 companies have financed for setting up facilities in Adamjee EPZ.”

The textile plant is 100 percent foreign owned. The investment is expected to reach up to US $25.531 million and when in full operations, the factory is likely to produce 32,500 yards fabrics, annually. Around 842 local people and 4 foreign nationals are going to get employed in this facility.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Textiles | On 24th Oct 2016

ACIMIT shows sustainable technologies at ITMA Asia

ACIMIT, the Association of Italian Textile Machinery Manufacturers,...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Saket Garg
Garg Corporation

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

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kai Poehler
Voith Paper GmbH & Co. KG

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

Giorgio Mantovani
Corman S.p.A

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

Larry L Kinn
Suominen Corporation

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search