A Netherlands-Bangladesh joint venture (JV) will set up a readymade garment plant in Bangladesh's Karnaphuli Export Processing Zone, reported Asia Pulse.

Total investment for the factory, which will be set up under the name M/S Denim Expert Ltd, will be US$4.10m, the report said.

Denim Expert will take on 1,098 Bangladeshi workers, who will make 1.8m pieces of high-fashion jeans, trousers, jackets, vests and shirts annually.