Time News Desk: Evince Textiles Ltd is going to spend Tk 20.42 crore to buy capital machinery in order to raise its manufacturing capacity.

The board of directors has decided to purchase or import brand new capital machinery in order to increase the production capacity and finishing quality, according to a posting on the Dhaka Stock Exchange today.

Evince Textiles is engaged in the business of manufacturing and selling 100 percent deemed export-oriented yarn-dyed woven fabric. Its subsidiary Evitex Fashions Ltd manufactures and exports readymade garments, according to the company's website.