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
