REVIVAL Group Co Ltd and REVIVAL Projects Ltd, the Japanese–Bangladeshi ethical fashion and sustainability venture, are set to lease and restart the long-shuttered Beximco Textile Division, paving the way for more than 25,000 workers to return to their jobs.
The initiative is backed by US-based financing partner Ecomilli, founded by leading NRB professionals, according to the project documents shared with stakeholders, according to a press release.
The move comes after years of uncertainty surrounding Beximco Textile, once a flagship of the country’s apparel industry.
Its closure due to loan defaults left thousands of workers jobless and local businesses around the industrial belt in deep crisis.
REVIVAL plans a full-scale restart by reinstating the original management team and bringing back the entire workforce.
The joint Japanese–Bangladeshi identity of the company will introduce Japanese management systems through senior leaders flown in from Japan, while a global Big Four accounting firm will ensure international-standard governance.
The company says its long-term plan goes beyond restoring operations. It aims to reconnect Beximco Textile with its global buyers and develop new partnerships under its philosophy of “design locally, sell globally.”
REVIVAL also intends to introduce certification programmes and advanced training for young designers and industry professionals, along with establishing a dedicated Design Institute with educators from Japan, the US and Europe.
Momentum toward reopening has accelerated. The draft Tripartite Agreement among REVIVAL Projects Ltd, Beximco and Janata Bank was submitted on 8 October. Janata Bank’s board is scheduled to review it next Tuesday, with all parties expecting a signing within the month.
Senior representatives from REVIVAL and Ecomilli are expected in Dhaka in the third week of November for the ceremony.
“We see this as the restoration of dignity for thousands of families,” said REVIVAL CEO and co-founder Huda Mohammed Faisal.
“As an NRB, it is an honour to help revive a facility that once powered our economy,” said Ecomilli president Farhan S Karim.
Beximco managing director Osman Kaiser Chowdhury said the company kept machinery operational despite financial strain so that the factories could restart immediately.
Under the first phase, REVIVAL and Ecomilli will deploy $20 million in back-to-back LC support, with plans to scale up to $100 million. Production is expected to resume by December, with the company projecting annual profits of Tk500 crore by 2027 to stabilise operations and support loan repayments.
As preparations advance, the reopening signals a broader message of industrial renewal powered by Japanese precision, US financial backing and the resilience of Bangladeshi workers.
