Pic: Maksons Group
Bangladesh’s textile milling company Maksons Group will set up three industrial units at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai at a combined investment of $111 million. Its managing director Mohammad Ali Khokon signed a land-lease agreement with the Bangladesh Economic Zones Authority (BEZA) to establish the units by 2022.
The group’s Metro Spinning Ltd will invest $40 million and create jobs for 1,200. Maksons Spinning Mills Ltd will invest $30 million to create 800 jobs and the second unit of the factory will invest $41 million, Khokon said at the signing ceremony.
The group will produce fabric and export-oriented garment items at the proposed industrial units, according to Bangladesh media reports.
The group aims to start production at the units by 2022 as he has a lot of export orders from international retailers and brands.
In the next year, the group would be able to export goods worth $100 million despite the pandemic’s impact as the volume of export orders, especially for knitwear items, has increased at its factories.
In the first phase, the group plans to earn $200 million in exports from the proposed units. It will add another $300 million in the second phase.
Fibre2Fashion News Desk (DS)
Bangladesh's textile milling company Maksons Group will set up three industrial units at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai at a combined investment of $111 million. Its managing director Mohammad Ali Khokon signed a land-lease agreement with the Bangladesh Economic Zones Authority (BEZA) to establish the units by 2022.