Encouraged by the duty benefits enjoyed by certain African nations to the US markets, leading Bangladeshi garment manufacturer and exporter, DBL Group is planning to set up a US $ 100 million integrated textile and garment factory in the Tigray region of Ethiopia, claims media reports.
“The new factory will go into production by February next year. We expect to employ 3,500 workers. Of them, 150 will be employed as executives – all from Bangladesh,” reportedly informed a senior DBL official to a Bangladesh daily, adding, “We are going to Ethiopia as this African nation enjoys zero-duty benefits from the United States on exports. The benefits will continue for a long time as Ethiopia is a member of the Least Developed Countries (LDCs).”
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