Turkish textile giant Sanko Group has announced plans to invest $300 million in setting up a modern integrated textile manufacturing facility at the Mirsarai industrial zone. This marks one of the latest major foreign direct investments (FDI) in Bangladesh's textile sector. The announcement came during a meeting with Commerce, Industries, and Textiles & Jute Minister Khandakar Abdul Muktadir. State Minister for Textiles and Jute Md. Shariful Alam was also present.
Why is Sanko Group investing in Bangladesh?
The Sanko delegation said the company intends to shift from supplying textile products from Turkey to establishing a full-scale manufacturing base in Bangladesh to meet growing demand from international buyers. Bangladesh's skilled workforce, strong export capacity, and favourable investment environment made the country an ideal destination for the investment.
What will the facility produce?
The proposed integrated facility will manufacture fabrics, undertake advanced textile processing, and produce high-value-added textile products aimed at global export markets.
What are the expected benefits of this investment?
Sanko officials said the project would help introduce advanced technologies, enhance local industrial capabilities, and promote technology transfer, enabling domestic manufacturers to move towards higher-value textile production. The investment is expected to create significant employment opportunities, strengthen Bangladesh's export competitiveness, and attract more international buyers seeking high-quality textile products.
What support did Sanko Group seek from the government?
The delegation sought government support in ensuring uninterrupted gas and electricity supplies and faster regulatory clearances. It also pledged to adopt environment-friendly technologies and coal-free energy management to meet international sustainability standards.
