Gava to invest $25.62 mn to set up garment factory in Dhaka EPZ
19 Sep 22 1 min read
The company will produce 4.4 million pieces of jackets, fleece jackets, T-shirts, polo shirts, sweaters, trousers, coveralls, stretched pants, denim pants, shorts, shirts, sweatshirts, hi-vis shirts, and vests annually, according to a press release by the Bangladesh Export Processing Zone Authority (BEPZA).
Gava has also signed an agreement to purchase A-One BD, a knitting factory of the DEPZ that was shut down due to business downturn. Gava will purchase it through the auction process of the BEPZA.
Ali Reza Mazid, member (investment promotion) of BEPZA and Prasanna Kumar Jayasinghe, director of Gava Private Limited, signed an agreement to this effect on behalf of their respective organisations at BEPZA Complex, Dhaka, added the release.
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- Inflation in Bangladesh drops slightly to 9.74% in Apr; non-food 9.34%
- Energy efficiency key to $460mn cut in Bangladesh’s LNG bill: IEEFA
- Bangladesh-Bhutan trade doubles with PTA: Reports
BEPZA executive chairman major general Abul Kalam Mohammad Ziaur Rahman witnessed the agreement signing ceremony.
Fibre2Fashion News Desk (NB)
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