Indian garment maker to invest $9.26m in Chattogram EPZ

Sewtech Fashion of India yesterday signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) to invest $9.26 million in establishing a readymade garments manufacturing factory in Chattogram Export Processing Zone. 

Mohammad Faruque Alam, member (engineering) of Bepza, and Balagi Pavadai, director of Sewtech Fashion, signed the agreement at the Bepza complex in Dhaka, says a press release.

Sewtech Fashion, a sister concern of one of India's largest apparel manufacturer Shahi Exports Pvt, will annually produce 3.36 million pieces of woven tops for ladies, kids and men. This will create employment opportunities for 3,393 Bangladeshi nationals.