Home / Knowledge / News / Textiles / Swedish firms may invest in Bangladesh RMG sector
Swedish firms may invest in Bangladesh RMG sector
Jun '17
Two Swedish firms, Investor AB and ABB Sweden have showed interest in making investment in Bangladesh readymade garment (RMG) sector. The investment will improve the economic conditions of both the countries, said Bangladesh prime minister Sheikh Hasina during her visit to Sweden. Bangladesh is the second largest apparel exporter in the world.

Hasina was in Stockholm for Bangladesh-Sweden Investment Forum. During the meet, a memorandum of understanding was signed between Sweden-Bangladesh Business Council, Stockholm, and Nordic Chamber of Commerce and Industries to strengthen cooperation in the areas of trade and investment, prime minister's press secretary Ihsanul Karim told media.

"I strongly encourage you, the leaders of Swedish business and industry to partner with us in investment, trade, and innovative businesses for a shared prosperity. Together we can bring a change in the lives of millions in both our countries," said Hasina while addressing a business dialogue of Bangladesh-Sweden Investment Forum.

Setting up of business in Bangladesh is comparatively cheaper, said Hasina while adding that the country has duty free and quota free access to the markets of Australia, India, EU, New Zealand and Japan. Apart from the development of hi-tech parks, 100 Special Economic Zones (SEZs) will also be set up in Bangladesh. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Pexels

Apparel/Garments | On 23rd Jul 2018

Turkey aims to export apparel worth $25 bn in 5 years

Turkey aims to increase its apparel exports by 50 per cent in 2018...

Kathmandu urges Dhaka to lift ban on yarn import

Textiles | On 23rd Jul 2018

Kathmandu urges Dhaka to lift ban on yarn import

Landlocked Nepal has urged Bangladesh to withdraw its restriction on...

BPPL opens Sri Lanka's first ever polyester yarn factory

Textiles | On 23rd Jul 2018

BPPL opens Sri Lanka's first ever polyester yarn factory

Eco Spindles, a wholly-owned subsidiary of BPPL Holdings Ltd (BPPL),...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Aditi Somani
Aditi Somani

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

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


Leave your Comments

July 2018

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

news category

Related Categories:

Advanced Search