Mahmud Hasan Khan, President of BGMEA stated that around 250 export-oriented readymade garment companies closed last year, with worker discontent being one of the primary reasons behind this.
Manufacturing News
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With this latest agreement, the BEPZA Economic Zone has now attracted an estimated US $ 1.11 billion in total projected investment from 50 enterprises, underscoring its growing role as a magnet for diverse international industries.
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The 1.5-lakh sq.ft. facility is being established through a collaboration between the Nagapattinam district administration, Zoho Corporation, and Cibi Exports, led by Tirupur-based industrialist Cibi Anand.
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Officials in the department had been directed to prepare a comparative report on textile policies adopted in other states, including Madhya Pradesh and Tamil Nadu, detailing the concessions and benefits offered to textile entrepreneurs.
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The roadmap will include short-term (two-year), medium-term (five-year) and long-term strategies, with a focus on analysing cost structures across raw materials, compliances, and taxation.
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YEIDA officials stated that securing the additional land will help resolve existing land constraints and enable the development of common infrastructure essential for large-scale textile operations.
