# Fakir Knitwears to invest $46m in knit composite factory in Bangladesh

Fakir Knitwears Limited signed an agreement with the Bangladesh Economic Zone Authority to acquire 15 acres of land in Bangabandhu Sheikh Mujib Shilpa Nagar to build a knit composite factory with an investment of $45.82 million. The factory is expected to create about 2,000 jobs.

- Type: Investment
- Announced: 2023-08-09
- Where: Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsarai, Bangladesh
- Value: $45.8M
- Jobs: 2,000
- Status: announced
- Products: knit composite garments
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Fakir Knitwears](https://endata.com/companies/71951.md)
- [Bangladesh Economic Zone Authority](https://endata.com/companies/71952.md) (partner)

## Sources

- [tbsnews.net](https://www.tbsnews.net/economy/fakir-knitwears-invest-46m-bangabandhu-sheikh-nagar-679866), 2023-08-09: "Fakir Mashrikuzzaman expects about 2,000 jobs will be created in the new factory."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.