Beximco Textiles gets a fresh start with a $20M investment from Japan.
Published At: August 9, 2025Beximco Textiles secures a vital $20M deal with Japan’s ‘Revival Project,’ setting the stage for its factory reopening. This landmark agreement is being widely seen across the industry as a powerful testament to the growing international confidence in Bangladesh's readymade garment (RMG) industry, even among fluctuating global economic conditions.
A tripartite lease agreement between Japanese firm Revival Project Limited, Janata Bank, and Beximco Group will facilitate the reopening of Beximco Textiles Limited's long-shuttered factories. Backed by Bangladesh government policy, this initiative aims to revive one of the nation's largest textile operations, creating nearly 25,000 jobs, according to labor ministry sources.
The $20 million investment from a Japanese entity is earmarked for the revival of Beximco's textile operations, which had faced challenges leading to temporary closures. Industry analysts suggest that this strategic partnership not only provides a much-needed lifeline for Beximco but also underscores a broader trend of foreign direct investment flowing into Bangladesh's resilient manufacturing base. This influx of capital is critical for modernizing facilities, enhancing production capacities, and ensuring job security for thousands of workers.
Beximco-Japan lease deal summary:
- Beximco factories to reopen under a lease agreement with Japanese firm, Revival Project.
- A $20 million investment is planned, with production driven by orders from Inditex.
- Janata Bank is rescheduling Tk35,000 crore in Beximco's defaulted textile loans.
- Revival Project will receive a service charge, with remaining profits dedicated to debt repayment.
- Bangladesh Bank is easing export policies and providing credit facilities to support the revival.
- The reopening is primarily driven by economic factors, not political considerations.
"After 10 months of tireless effort, we're finally making progress toward reopening the factories. We have the government's policy-level support. This deal with Beximco is more than just a financial transaction; it's a vote of confidence from a key international market," Beximco Managing Director Osman Kaiser Chowdhury said, speaking to local media.
"It highlights Bangladesh's enduring appeal as a cost-effective and increasingly capable manufacturing hub. Such partnerships are vital as our industry navigates global shifts, including evolving supply chain dynamics and the push for greater sustainability."
The news comes at a time when Bangladesh's RMG sector is actively working to diversify its product portfolio and move up the value chain, focusing on high-end and specialized garments. Recent discussions within the industry, as highlighted by BGMEA's statements on US tariff adjustments, emphasize the importance of strategic investments in backward linkage industries, design innovation, and sustainable practices. The Beximco-Japanese collaboration aligns perfectly with these national objectives, potentially bringing in advanced technologies and management expertise.
Osman Kaiser added that Revival Japan has until 15 August to negotiate new working capital with banks. If successful, the deal could be signed within the month. "Once an LC is opened, it takes 120 days to receive payment. In the meantime, working capital will be needed to pay workers and meet other costs."
Furthermore, this deal reinforces Bangladesh's reputation as a stable and attractive destination for foreign investment, particularly in the context of global manufacturers seeking to diversify their sourcing beyond traditional hubs. As the country continues to strengthen its infrastructure, improve ease of doing business, and enhance its green manufacturing credentials—boasting the highest number of LEED-certified green factories globally—such international collaborations are expected to become more frequent.
The reopening of Beximco's factories is anticipated to have a positive ripple effect on the local economy, creating employment opportunities and contributing to the nation's export earnings. It signals a renewed vigor in Bangladesh's textile sector, demonstrating its capacity to adapt, recover, and attract significant international backing for sustained growth and prosperity.
Beximco Reopening Textile Industry
