Turkish textile millers keen to relocate plants to Bangladesh
Turkish textile entrepreneurs have expressed interests to relocate their industrial units to Bangladesh to take the benefit of low production cost here, industry sources said.
Egytex News Desk
Egytex
A 20-member delegation of Dyeing-Printing-Finishing Association of Turkey is expected to visit Bangladesh by the end of this month to look into the investment opportunities.
"They have expressed interests to relocate their firms to Bangladesh as production cost in Turkey is much higher than that in Bangladesh," Chairman of Bangladesh Textile Mills Association (BTMA) MA Awal, who recently visited Turkey, told the news agency.
He said Turkish textile manufacturers are now searching for cost-effective investment destinations.
Turkish investors have large manufacturing units and relocation of these industries would greatly benefit Bangladesh, he added.
BTMA president said a Bangladesh-Turkey Investors Forum will also be formed in July to make the initiative a success.
A delegation of the Textile Employers' Association of Turkey is expected to visit Bangladesh by September, he said.
Source: The Daily Star
From the Egytex news archive, first published on 14 May 2006. Figures and names are as reported at the time.
