DBL Group proudly announces the inauguration of Jinnat Textile Mills Limited, a significant addition to its portfolio and a testament to the group’s commitment to excellence in the textile industry. The inauguration ceremony, held on 23rd November 2023 at DBL Industrial Park, Shreehatta Economic Zone, Moulvibazar, Sylhet, witnessed the presence of distinguished guests, including Ms. Sarah Cooke, the British High Commissioner to Bangladesh, and Mr. Shaikh Yusuf Harun, Executive Chairman (Senior Secretary) of Bangladesh Economic Zones Authority (BEZA), along with Mohammad Rehan Rashid, Country Director for Bangladesh at British International Investment, Richard Palmer, Director and Head of Private Debt, British International Investment.
Jinnat Textile Mills Limited, a venture under the umbrella of DBL Group, is poised to contribute to the production of high-quality textiles to serve international buyers. British International Investment (BII), which is the UK Government’s Development Finance Institution, provided a $52 million loan for establishing this factory. The ceremony was graced by the esteemed chief guest, Ms. Sarah Cooke, whose presence reflects the strong ties between Bangladesh and the United Kingdom. Ms. Cooke inaugurated the facility, symbolizing the collaborative efforts between the two nations.
British High Commissioner to Bangladesh, Sarah Cooke, said: “We are proud to witness the opening of the Jinnat Textile Mills factory which will create more jobs, reduce poverty and increase business opportunities whilst improving working conditions for women and boosting environmental sustainability. This is a great demonstration of the UK’s commitment to supporting Bangladesh’s development goals and our modern economic partnership through investing in the private sector and fostering economic growth that is both inclusive and green.”
Guest of Honour, Mr. Shaikh Yusuf Harun, Executive Chairman (Senior Secretary) of BEZA, commended the establishment of Jinnat Textile Mills Limited as a significant contribution to the economic growth of Bangladesh. He highlighted the importance of such ventures in aligning with BEZA’s vision for sustainable economic development and praised DBL Group for its commitment to excellence.
Mohammad Rehan Rashid, Country Director for Bangladesh at British International Investment, the UK’s development finance institution and impact investor said: “We are delighted to join DBL Group in celebrating the opening of Jinnat Textile Mills Limited, a project that we have proudly invested in to support the textile manufacturing sector which is vital to Bangladesh’s economy. This new factory is aligned with our vision to foster economic opportunities that create productive, sustainable and inclusive outcomes, as not only does it promote green building practices but is also creating 1,000 low-skilled jobs, with more than half of them for women.”
The event also saw the presence of representatives from BEZA, District Administration, Government Authorities, Banks and Financial Partners emphasizing the strategic partnerships necessary for the success of Jinnat Textile Mills Limited. Mr. Abdul Wahed, Chairman; Mr. M. A. Jabbar, Managing Director; Mr. M. A. Rahim, Vice Chairman; and Mr. M. A. Quader, Deputy Managing Director and Group CEO of DBL Group, were also in attendance, underscoring the leadership’s dedication to the new venture.
Jinnat Textile Mills Limited is equipped with state-of-the-art facilities and a skilled workforce dedicated to ensuring the production of high-quality textiles. The establishment of this facility aligns with DBL Group’s vision to contribute significantly to the textile industry’s growth in Bangladesh and beyond.
In the Vote of Thanks, The Deputy Managing Director and Group CEO of DBL Group expressed gratitude to the guests and stakeholders who attended the inauguration, acknowledging their crucial role in making this venture a reality. As Jinnat Textile Mills Limited embarks on its journey, DBL Group looks forward to contributing to the global textile market, guided by principles of innovation, sustainability, and quality.