Beximco seeks approval to reopen factories with foreign investment

Beximco Group is seeking government approval for a new leasing model to partially reopen more than a dozen shuttered apparel and textile factories at its Gazipur park with backing from British firm Charter HCP and Chinese company Besting. If approved, the first factory could resume operations in April next year, with jackets for export making up about 90 percent of its output.

The factory would initially employ around 2,500 workers. Under the proposed arrangement, loan repayments would be sourced from the factory’s export proceeds. If the model succeeds, Beximco says it could reopen the remaining closed units in phases, potentially restoring jobs for many former employees.

“they hope to partially restart Prefix Fashions under the proposed leasing arrangement,” Khalid Shahrior, senior general manager of Beximco’s Textiles & Apparel Division, and Huda Mohammed Faisal, CEO of Revival Global said.

Beximco once ranked as one of Bangladesh’s largest private sector employers before its empire collapsed following the fall of the Awami League government and the arrest of co‑founder Salman F. Rahman. The shutdown of its garment units left workers without jobs.

What we know

• More than a dozen garment units at Beximco Industrial Park in Gazipur shuttered as a result, leaving some 40,000 workers unemployed.

• If greenlit, the factory could reopen in April next year, with jackets for export accounting for about 90 percent of production and other products making up the remainder.

• The factory would initially employ around 2,500 workers, they added.