Dhaka, Sept. 19 -- A new lifeline is being extended to one of Bangladesh's largest conglomerates as Japanese firm Revival and US-based Ecomilly prepare to jointly invest Tk 245 crore in reopening the shuttered factories of Beximco Group, Ministry of Labor and Employment sources said.
The initiative, recently approved by the government, is seen as a crucial step to revive industrial capacity, safeguard foreign buyer confidence, and create fresh employment opportunities in the country's apparel sector.
The factories in question belong to Beximco's textiles division, comprising 15 units that supply global retail giants such as Zara, Marks & Spencer, Target, American Eagle, Pull & Bear, and Bestseller.
These facilities ceased operations foll...