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Related Keywords: Bangladeshi textile and garment manufacturing company, establish state of the art spinning mill, garment manufacturing units, meet the demand for yarns and fabric, meet the growing demand, Noman Group, set for a massive expansion plan, the group is investing, Western buyers

Noman Group, Bangladeshi textile and garment manufacturing company to meet the growing demand from Western buyers is set for a massive expansion plan. For now, the group is investing Tk 1,300 crore to establish a state-of-the-art spinning mill named Nice Spun Mills on 110 bighas of land at Maona in Gazipur. It will meet the demand for yarns and fabrics of its garment manufacturing units.

Related Keywords: Bangladesh, Bangladesh Garment Manufacturers and Exporters Association, Dhaka manufactures, enter Indian market, Federation of Bangladesh Chamber of Commerce and Industry, garment distribution, largest garment exporter, nodal logistics hub, sell apparel, set up store retail chain, Western buyers

Bangladesh, the world's largest garment exporter, wants to enter the Indian market, which was opened up some years back by removing all tariffs on Dhaka's manufactures. Moreover, with Western buyers increasingly demanding higher labour and safety standards, besides lower prices, Dhaka has long been eyeing the Indian market.

A group of Bangladeshi industrialists intend to set up a 1,000-store retail chain in India to sell apparel produced by the neighbour's $24-billion readymade garment industry. Their aim is to turn into a billion dollar retail chain within five years.