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    Danish-Bangladeshi business cooperation

     

     
     
    © International Trade Centre, International Trade Forum - Issue 3/2001

    Babylon Garments Ltd. in Dhaka and Men's Fashion A/S in Kolding, Denmark, began their cooperation in 1995. Five years later they established a joint venture, Aboni Textiles, and received a grant of US$ 550,000 from DANIDA's PSD programme. The objective of the joint venture was to establish a T-shirt factory and to manufacture and dye cotton fabric.

    The total investment for this project is U$S 7 million, which will be financed by the Industrialization Fund for Developing Countries (25%), Men's Fashion (25%) and Babylon Garments (50%).

    Aboni Textiles' new factory has been built and the machinery, imported from Denmark, arrived in early 2001. The manufacture of dyed cotton fabric for sale to the local market began in April 2001 and the production of T-shirts for export should start in September 2001.

    Source: Ms. Helle Johansen, PSD Officer, Danish Ministry of Foreign Affairs


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