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Need Investor to Set Up Cotton Spinning Mill

Proposal Number : 1155480       Find investors
Date Date of Registration : Sep 06, 2016
Date of Revision : Sep 12, 2016
Country / AreaDhaka, Bangladesh 
Proposal Category 1401 Natural yarns and threads (silk, cotton, wool, jute, etc.)
Target Country / Area All Countries / Areas

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Detail Description

Need Investor to Set Up Cotton Spinning Mill

I have a genuine and licit interest to diversify my current portfolio of business however in the line of textiles and other innovative concepts hence I require the assistance of foreign investors.

Spinning is a high energy guzzling industry where the weight of the bobbin accounts for a major portion of energy expenditure coupled with high yarn wastage.

Currently, the spinning industry of Bangladesh alongside other fellow yarn producing countries is heavily relied upon heavy plastic ring bobbins. Mantex Technologies has come up with an ultralight (8-12 grams) yet highly rigid Carbon Composite Ring Spinning bobbin which has the potential to offer significant levels of energy savings with a concomitant surge in production.

My plan is to setup a 25,000 spindle ring spinning plant using Mantex Carbon tubes

** Investee Responsibilities/Role **
To organize the local human resources to perform day to day tasks appertaining to the project and to arrange technical expertise and know how for the spinning project both from inhouse and outsourced think tanks.

** Investor Responsibilities/Role **
To provide the necessary seed funding for the project as well as to partner with investee in the management of operations.

** Rough Breakdown of the Investment **
Acquisition of Land: USD 1 million
Construction of Infrastructure: USD 3 million
Machinery and other associated equipments: USD 4 million
Misc expenses: USD 2 million.

** ROI Plan **
Payback period is no less than 1 and a half years. ROI on account of savings is no less than 10% per annum and can exceed with proper management.

Investment Amount US$ 10,000,000
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