The long-stalled Beximco Textiles operation is expected to resume, with Japanese company Revival, Janata Bank and Beximco planning to sign a contract next week once the Janata Bank board clears the draft on Tuesday (18 November).

The three parties have already finalised the draft agreement. The agreement will be signed after the Janata Bank board approves the draft at its meeting.

The Japanese-Bangladeshi ethical fashion and sustainability venture Revival Group Co Ltd and Revival Projects Ltd have confirmed that they will lease and restart the Beximco Textile Division. 

More than 25,000 workers can potentially regain their jobs following the factory closure. 

Supported by US-based financing partner Ecomilli, founded by leading Non-Resident Bangladeshi (NRB) professionals, the initiative marks a significant employment restoration effort.

 

Beximco / Japan / Janata Bank