Tau Investment Management will invest $200 million in the readymade garment and textile industries of Bangladesh. Tau Investment Management is a US private investment firm. It infuses capital into textile factories of various countries to address their social, environmental and efficiency issues. The group has a $1 billion fund. It has now launched Tau Bangladesh and plans to set up a regional office in Hong Kong to provide a hub from where it can target the textile industries of Indonesia, Cambodia, Vietnam, China.
Tau plans to acquire minority stakes in factories and to be an active owner. Modernisation and transformation of the country's apparel and textile industries will be the prime focus of its Bangladesh investment plan. It is ready to invest in a few garment makers that generate annual sales of over a $100 million and will provide them world-class expertise along with access to low-cost financing sources.
For Bangladesh, Tau aims at improving the supply chain of target companies through upgrading and de-risking textile supply chains, and intends to make the companies attain international standards in terms of becoming socially responsible and compliant.
tau-investment.com/