April 20, 2024
Industry

Jinnat Textile To Boost Bangladesh’s Textile Manufacturing Sector

On November 23, DBL Group inaugurated Jinnat Textile Mills Ltd at the DBL Industrial Park in Srihatta Economic Zone, Sylhet, as per company press release.

The inaugural ceremony saw the presence of notable figures, including Sarah Cooke, the British High Commissioner to Bangladesh, and Shaikh Yusuf Harun, Executive Chairman (Senior Secretary) of Bangladesh Economic Zones Authority (BEZA). Also in attendance were Mohammad Rehan Rashid, Country Director for Bangladesh at British International Investment, and Richard Palmer, Director and Head of Private Debt, British International Investment.

Jinnat Textile Mills Limited, a venture under the DBL Group, aims to contribute to the production of high-quality textiles for international buyers. The UK government’s development finance institution, British International Investment (BII), provided a $52 million loan for the establishment of this factory, according to the statement.

Cooke inaugurated the facility as the chief guest, symbolizing the collaborative efforts between Bangladesh and the United Kingdom. In her inaugural speech, she expressed pride in witnessing the opening of the Jinnat Textile Mills factory, emphasizing its potential to create jobs, reduce poverty, increase business opportunities, improve working conditions for women and enhance environmental sustainability. She highlighted the UK’s commitment to supporting Bangladesh’s development goals and fostering a modern economic partnership by investing in the private sector.

The Guest of Honour, Shaikh Yusuf Harun, Executive Chairman (Senior Secretary) of BEZA, commended the establishment of Jinnat Textile Mills Limited as a significant contribution to Bangladesh’s economic growth. He emphasized the importance of such ventures aligning with BEZA’s vision for sustainable economic development and praised DBL Group for its commitment to excellence.

Mohammad Rehan Rashid, Country Director for Bangladesh at British International Investment, expressed delight in celebrating the opening of Jinnat Textile Mills Limited. He mentioned that the project aligns with their vision to support the vital textile manufacturing sector in Bangladesh. The new factory, promoting green building practices, is set to create 1,000 low-skilled jobs, with over half of them designated for women, contributing to productive, sustainable, and inclusive outcomes.

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