Turkey’s Sanko Group To Invest US$ 300 Million In Bangladesh Textile Facility
Turkish textile major Sanko Group has announced plans to invest US$ 300 million in a modern integrated textile manufacturing facility at the Mirsarai Industrial Zone in Bangladesh, marking one of the latest major foreign direct investments in the country’s textile sector.
The investment proposal was discussed during a meeting between Sanko representatives and Bangladesh’s Commerce, Industries, and Textiles & Jute Minister Khandakar Abdul Muktadir at the Secretariat. State Minister for Textiles and Jute Md. Shariful Alam also attended the meeting.
According to the company, the new facility will produce fabrics, undertake advanced textile processing and manufacture value-added textile products primarily for export markets. Sanko said it plans to establish a full-scale manufacturing base in Bangladesh instead of supplying products from Turkey, citing the country’s skilled workforce, strong export capabilities and investor-friendly environment.
The project is expected to introduce advanced manufacturing technologies and support technology transfer, helping strengthen Bangladesh’s textile industry and move it further up the value chain.
Sanko has already completed preliminary site selection and initiated discussions with local partners. Construction of the facility is expected to be completed within 12 to 18 months following the necessary approvals, with operations commencing shortly thereafter.
The company has requested government support for reliable gas and electricity supplies and faster regulatory clearances. It also committed to adopting environmentally friendly technologies and coal-free energy solutions to meet global sustainability standards.
