Business Desk :
Proparco, the private sector financing arm of Agence Française de Développement Group (AFD Group), on Thursday gave $13.8 million to local Ananta Huaxiang Limited (AHL), a subsidiary of Ananta Group in Bangladesh, to increase its sweater manufacturing capacity through the expansion of its production facility in Narayanganj.
This operation will allow AHL to emerge as a large volume sweater manufacturer and strengthen its competitiveness in the international market, the French embassy in Bangladesh said in a statement.
Bangladesh is the second largest ready-made garment exporter in the world after China and apparel represents 81 per cent of Bangladesh’s total exports and employs 4.4 million workers.
In this context, AHL ranks among the top 10 sweater producers in Bangladesh exporting mostly to Europe for various international brands, the statement also added.
