Bangladesh’s textile and garment giants are diversifying their investments into various sectors to explore opportunities in a thriving economy with increasing consumer purchasing power.
Reports maintained this, adding highly successful textile and garment millers have ventured into a wide range of industries, including electricity generation, real estate, agriculture, dairy, hospitality, banking, tea estates, computer chip manufacturing, insurance, capital markets, healthcare, education, leasing, e-commerce, construction, pharmaceuticals, and economic zones.
Ha-Meem Group, a prominent textile and garment manufacturer, stands out as one of the leaders that has diversified its investments into areas like banking, insurance, media, and tea estates. AK Azad, Chairman and CEO of Ha-Meem, emphasised, “Although I have initiated investments in other sectors, my primary focus remains on the textile and garment sector.”
The group is expanding its presence in textiles and garments by increasing denim and recycled fabric production to meet the demands of international retailers and brands.
Meanwhile, DBL Group, one of Bangladesh’s largest textile and garment manufacturers, has reportedly made significant investments in sectors such as tiles, ceramics, pharmaceuticals, digital technologies, agriculture, and dairy products.
