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Fakir Knitwear Invests $45.8M in BSMSN

Industry: Knitwear, RMG & Textile
Company: Fakir Knitwear LTD
Company Intelligence Tag: Business Insights

Fakir Knitwear Invests $45.82 Million in New Knit Composite Factory” Fakir Knitwear Limited is embarking on a substantial investment of approximately $45.82 million to establish a knit composite factory within the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram, Bangladesh. With a legacy dating back to 1936, the company is renowned for its contributions to the garment, logistics, and agricultural sectors. The new facility, spanning 15 acres, aims to generate employment for around 2,000 individuals. Fakir Knitwear, known for its eco-friendly practices, has a history of setting up modern manufacturing units and research centers across the country. This move aligns with Beza’s efforts to enhance investment and diversify products within the economic zone.

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