One of the top textile and garment manufacturing entities in Bangladesh, Ha-Meem Group, is planning to export apparels worth US $ 1 billion by 2024, keeping with which it is going for massive expansion.
This was maintained by media reports, which cited the owner of the Group in this direction.
Reports further added Ha-Meem is establishing the new denim factory with an investment of US $ 100 million to produce 5 million yards of denim fabrics/month even if its existing denim mill produces 5 million yards of fabrics, of which 40 per cent is consumed by the Group and the remainder is sold to other garment factories.
The Group is also planning to set up a spinning unit as well, which will, reportedly, produce woven fabrics for its own apparel units as well as those of the other apparel makers in Bangladesh.
Reports further added, in 2021, Ha-Meem exported garment items worth US $ 580 million and another US $ 200 million worth of denim and woven fabrics were sold in the local markets (the local sales are considered deemed exports) even as it employs more than 65,000 workers, mostly in the textile and garment units.
Another 10,000 workers will be recruited soon for the garment and textile vertical, reportedly, underlined Chairman and Chief Executive Officer (CEO) of Ha-Meem, AK Azad.
