Bangladesh Group Hopes To Invest $8 Million In Ethiopia.

Bangladeshi Ananta Group wants to invest $8 Mn in Ethiopia

Bangladesh \ "s Ananta Apparels Limited, a unit of the Ananta Group, the" the "," the first "," the first "," the second "," the second "," the second "," the second "," the second "," the second "," the second ".
The company intends to invest $8 million in Ethiopia from its, Ethiopia, ",", "
Bangladesh Bank, however, has expressed its doubts about the viability of of,
The central bank officials have forwarded the proposal to the Finance Ministry
Seven companies have so far got government approval to invest abroad, to, China, China, China, China, China, China, China, China, China, China, China, China, China.
The Ananta Group feels Bangladeshi products would face high taxation when Taxation
Established in 1992, Ananta Apparels supply products to global brands like H&M, like, "," "
Translation is as follows:
Bangladesh group hopes to invest $8 million in Ethiopia.
Bangladesh has been seeking permission from Bangladesh Bank to invest $8 million in Ethiopia to set up a garment factory in the country. The company is a subsidiary of the group. The company recently submitted a proposal to the central bank, claiming that it wanted to benefit from the tax preference of the African country while enjoying tax free access to the United States.
The company said it plans to invest $8 million in Ethiopia from its own fund, and if additional capital is needed, it will be obtained from other international financial institutions such as international financial corporation.
However, a report by a top newspaper in Bangladesh said that the Bank of Bangladesh was suspicious of the feasibility of the plan.
Central bank officials have submitted the proposal to the Ministry of finance, which has the power to approve such proposals. The cabinet committee usually makes the final decision.
So far, seven companies have been approved by the government for overseas investment, including the Akij Huang te Mills of Akij group, which has acquired the highest approval of Robin Resources Malaysia SDN BHD of two Malaysia Company and its subsidiary company Robina SDN.
The Group believes that Bangladesh's products will face high taxes, and the country will gradually become a developing country.
Ananta apparel was founded in 1992 to supply global brands such as H&M, Zara, Gap, Levi's and Martha department store.