Desk Report: Bangladesh-based one of the top textile and garment manufacturer Ha-Meem Group is eyeing massive expansion to export $1 billion worth of apparel items by 2024.
In order to attain the target, the group has been expanding its business for the last few years and is going to set up a denim mill and a spinning factory in the next year.
The group is establishing a new denim factory with an investment of $100 million in Tangail to produce five million yards of denim fabrics per month.
In 2021, Ha-Meem exported garment items worth $580 million and another $200 million worth of denim and woven fabrics were sold in the local markets. The local sales are considered deemed exports.
Today, Ha-Meem Group has 39 business concerns in various sectors, mainly textile, garment, media, and tea, with an annual turnover of $966 million.