Jidalai Company Limited, a Chinese firm and strategic business partner to the globally recognised zipper brand YKK, has reportedly announced a US $ 5.85 million investment to establish a factory in the Adamjee Export Processing Zone.
Manufacturing News
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The Bangladesh Economic Zones Authority (Beza) has formally proposed to the Chief Adviser's Office (CAO) that local Bangladeshi contractors be permitted to participate in land development projects at the Indian Economic Zone in Mirsarai, Chittagong, reports claimed.
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The memorandum suggested that an integrated textiles value chain starting from spinning to manufacturing can be created at a single location.
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Manufacturing
Gujarat CM unveils new Textile Policy 2024, introduces capital subsidies, power tariffs, payroll schemes
The Chief Minister shared that the state is expecting to attract an investment of US $ 3.57 billion in the textile sector with the new policy.
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As of Monday morning, 14th October, approximately 99.26 per cent of ready-made garment (RMG) factories in the Savar, Ashulia, and Gazipur regions are now operational, as per reports.
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This move follows ICG’s recent majority stake acquisition in Fluvitex USA Inc., an Ohio-based pillow and quilt manufacturer.
