DHAKA: BDL Group, a Bangladesh-based company, is going to build a textile and garment factory in Mekele town of Ethiopia with over 765 million Birr.

The group has signed agreement with the town administration and received 68 hectares of land for the construction of the factory.

Company Chairperson, Abdul Wahed, during the occasion said that the Group has decided to invest in Ethiopia because of the business and investment opportunities in the country.

According to him, construction of the factory will be launched within two months and production will be commenced after nine months.

Up on completion, the factory will create jobs for nearly 3,000 people, he added.

According to Waheb, the company has set plan to undertake additional investments within the coming two years.

The textiles and garment factory would contribute for the country's efforts to improve companies engaged in the manufacturing sector, said the Mayor of Mekele, Tewelde-Birhan Tesfalem.

It would also benefit farmers who can supply raw material for the industry, he added.

Started business in 1991, BDL Group currently has facilities for spinning, fabric knitting, dyeing and finishing, garments, washing, packaging and printing.

DBL Group is a diversified and integrated knit garments manufacturing and composite.

DBL Group is 100 percent export oriented composite knit garments and textiles manufacturing industry in Bangladesh.

The Group currently employs about 15,700 people.

BDST: 1956 HRS, OCT 21, 2014