Bangladesh to soon get a new garment park in Munshiganj

The Bangladesh Garment Manufacturers and Exports Association (BGMEA) and Orient International, Chinese trading company has entered into an agreement to develop Baushia Garment Park in Munshiganj. The Chinese company has agreed to the investment in a bid to improve non-compliant facilities in garment factories.

The industrial park will be built on 470 acres of land in Gazaria at an approximate cost of $1.2 billion. The industrial park will have 577 plots for apparel units, which will be distributed on a first-come-first-serve basis, and has the potential to provide work for 30,000 people.

The park, set to be completed by June 2016, will give priority to a number of factories which are listed as non-compliant in a bid to establish them as fully compliant garment manufacturers. Orient International’s backing will cover both land development and utility service funding, ready for factories to move in upon completion.

According to Reaz Bin Mahmood is the vice president of BGMEA, talks about the project have been ongoing for the past decade, but the Tazreen Fashions fire in 2012 and the Rana Plaza disaster in 2013 kick-started the initiative. In May, the BGMEA began appealing for funding from garment factories, and also requested financial support from the World Bank.

Less than a month following this, it gained recognition from the likes of Orient International who carried out a pre-feasibility study and signed the $1.2 billion agreement.

A memorandum of understanding for the industrial park has been signed with the Chinese company in the presence of Prime Minister Sheikh Hasina and her Chinese counterpart Li Keqiang.

The new garment park will have roads, water, power and gas supply, telecommunication, effluent treatment plant, transportations, hospital, hotels and factory sheds.

Recent Posts

Kathmandu unveils carbon capture technology activewear

Kathmandu has launched Seeker range, an innovative and sustainable activewear collection that merges eco-friendly advancements with functional design.

1 day ago

GOTS joins Make the Label Count for textile sustainability

The Global Organic Textile Standard (GOTS), managed by the non-profit organization Global Standard, has joined the Make the Label Count…

1 day ago

Pact Group, BlockTexx to boost garment recycling

Packaging company Pact Group has partnered with textile recycling technology firm BlockTexx to develop a system for recycling discarded clothing…

1 day ago

Loftex promotes sustainability with innovative towel collection

Loftex USA is strengthening sustainability with the launch of eco-friendly towel sets, blending innovative performance features with luxurious designs.

2 days ago

Toray Industries produces sustainable acrylic fiber

Toray Industries, Inc. announced that starting this April, it will implement the mass balance approach in manufacturing its TORAYLON™ acrylic…

2 days ago

Cxffeeblack, COMOCO Cotton develop sustainable t-shirt

Cxffeeblack has joined forces with COMOCO Cotton, a sustainable textile company, to create a special coffee-dyed T-shirt made from unbleached…

2 days ago