Bangladesh-based Badsha Group of Industries has unveiled a three-phase plan to
reach $700 million in annual denim exports. To raise its annual export earnings, the company plans to open a new RMG factory at Madhabpur in Habiganj.
The denim maker also plans to set up a spinning mill at Madhabpur in Habiganj with an investment of over 18 billion takas (roughly $73 million). The mill will begin production next year and employ at least 15,000 workers.
This company’s goals are in line with Bangladesh’s plans to boost RMG exports to $100 billion ts by 2030. However, this requires the country to double its denim exports, according to Md Siddiqur Rahman, Former President, BGMEA.
Currently, 42 mills in the country produce 900 million yards of denim fabric annually, according to BTMA.
Established in 1976, Badsha Group forayed into denim fabric manufacturing in 2017. The mill manufactures denim fabrics via Pioneer Denim. It produces 60 million yards of fabric annually, and aims to increase this to 100 million by 2025.
