Australia's TIC Group yesterday opened a manufacturing unit, TIC Manufacturing (Bangladesh) Ltd, at Meghna Industrial Economic Zone in Narayanganj.
The factory will produce five lakh pieces of hangers for export and expects to create about 1,500 jobs.
Salman F Rahman, private industry and investment adviser to the prime minister, attended the inauguration as chief guest.
Mark Gandur, director of TIC Group, said his company has been operating in 15 locations worldwide and supplying plastic hangers to world class garment retailers.
TIC will gradually expand the Bangladesh unit and increase the number of employees to 5,000, he said.
TIC Group, a division of Pact Group Australian, decided to go for the unit in Bangladesh taking into consideration the country's fast growing and important garment manufacturing industry, says a statement.
Md Harunur Rashid, an executive member of Bangladesh Economic Zones Authority; Julia Niblett, Australian high commissioner to Bangladesh; Nihad Kabir, president of the Metropolitan Chamber of Commerce & Industry, Dhaka; Rupali Chowdhury, managing director of Berger Paints Bangladesh Ltd; and Mostafa Kamal, chairman and managing director of the Meghna Group of Industries, were present.