# Ananta Group to invest $70M in synthetic knit fabric plant in Narsingdi

Ananta Group will invest $70 million to build a synthetic knit fabric manufacturing facility named Ananta Knitwear Limited in Narsingdi, Bangladesh. The plant aims to produce 60 tons daily, create 2,000 jobs, and start production by end of 2025.

- Type: New facility
- Announced: 2024-06-29
- Where: Narsingdi, Bangladesh
- Value: $70.0M
- Jobs: 2,000
- Starts operating: 2025
- Status: announced
- Capacity: 60 tons daily
- Products: synthetic knit fabric, activewear, sportswear, intimate apparel
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Ananta Group](https://endata.com/companies/78327.md)

## Sources

- [bangladeshtextilejournal.com](https://bangladeshtextilejournal.com/ananta-group-will-invest-usd-70-million-in-synthetic-knit-fabric-manufacturing-plant/), 2024-06-29: "Ananta Group will invest $70 million in a synthetic knit fabric manufacturing facility in Narsingdi."

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