Dhaka, Bangladesh (BBN) - Tau Investment Management, a New York-based growth equity firm, is going to start its journey in Bangladesh through setting an office in the capital Dhaka on Sunday.
The US-based firm is committed to investing US$1.0 billion in transforming global supply chains. Over the next three years, Tau will first target textile and apparel manufacturers in frontier and emerging markets, such as Bangladesh.
A significant portion of the fund will be invested in Bangladesh to drive growth and improve performance of the existing large-scale manufacturers, the company said.
Chairman and CEO of the Tau, Oliver Niedermaier will introduce Tau’s vision for investing to build long-term competitiveness of Bangladesh garment and textile manufacturers.
Commerce Minister Tofail Ahmed, Bangladesh Bank Governor Dr Atiur Rahman and Deputy Chief of Mission, US Embassy in Dhaka Jon Danilowicz will attend the launching ceremony.
BBN/SSR/AD-03May14-10:04 pm (BST)