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Sewtech Fashion to set up RMG factory in Bangladesh


Indian apparel manufacturer Sewtech Fashion plans to set up a RMG factory in the Chattogram Export Processing zone in Bangladesh with an investment of $9.26 million. As per a Daily Star report, the company has signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) for the initiative.

A sister concern of one of India's largest apparel manufacturer Shahi Exports, Sewtech Fashion 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. According to Bangladesh Bank data, Indian investors invested $134.59 million in Bangladesh in 2020. Of this, $10.70 million was invested in textile and weaving sector.