REVIVAL Group To Reopen BEXIMCO Textile Division
In a breakthrough initiative for Bangladesh’s industrial recovery, Japanese-Bangladeshi ethical fashion venture REVIVAL Group Co. Ltd., and REVIVAL Projects Ltd., have announced plans to lease and restart the long-shuttered BEXIMCO Textile Division.
The move represents one of the most significant employment restoration efforts in recent years, with the reopening expected to bring back over 25,000 jobs, according to a media statement issued on Sunday. The factory’s closure had deeply affected livelihoods after more than three decades of successful operations.
The revival is being supported by US-based financing partner Ecomilli, founded by leading Non-Resident Bangladeshi (NRB) professionals. The partnership aims to not only restart production but also restore confidence among workers and reinforce Bangladesh’s position as a global textile hub.
Huda Mohammed Faisal, CEO and Co-Founder of REVIVAL Group, said the initiative is much more than an industrial restart. “This is the restoration of dignity for thousands of families. Every job regained is a story of recovery and renewed confidence in the nation’s future.”
Dr. Farhan S Karim, President of Ecomilli, described the initiative as a proud moment for NRBs committed to national development. “This isn’t about brain drain, it is about brain gain. We are honoured to support the revival of a facility that once powered our national economy.”
Osman Kaiser Chowdhury, Managing Director of Beximco Ltd., noted that the company had made every effort to keep the textile division operational until a government-mandated shutdown. “Our primary concern was protecting the livelihoods of 42,000 workers and maintaining nearly US$ 40 million in monthly exports. Despite financial challenges, we kept our modern machinery in running condition so the factories could restart at a moment’s notice. The agreement with REVIVAL now makes that possible.”
Under the first phase of the partnership, REVIVAL and Ecomilli will deploy US$ 20 million in back-to-back LC support, with plans to scale up to US$ 100 million based on performance and global demand.
Production is expected to resume by December 2025, bringing back more than 25,000 workers with full job security. By 2027, REVIVAL projects annual profits of BDT 500 crore, helping to service outstanding loans and secure long-term financial sustainability for one of Bangladesh’s largest textile brands.
