In a major boost to the country’s industrial landscape, leading Turkish textile conglomerate Sanko has proposed a $300 million investment to establish an integrated textile production facility in Mirsarai industrial zone.
The investment plan was unveiled on Tuesday during a meeting at Secretariat between a Sanko delegation and Commerce Minister Khandakar Abdul Muktadir. State Minister for Textiles & Jute Md Shariful Alam also attended the meeting.
Sanko representatives said their decision to shift towards local production is driven by established business ties in Bangladesh and increasing demand from international buyers.
While the firm currently supplies textile products from Turkey, it now aims to capitalise on Bangladesh’s promising market, skilled workforce, and robust export potential.
The proposed facility will focus on fabric production, fabric processing, and manufacturing of high-value-added textile products.
This move is expected to enhance Bangladesh’s capacity to produce high-quality materials for ready-made garment (RMG) and textile sectors.
According to company officials, the establishment of a local base will not only attract new international buyers but will also provide a technological and skill-based lift to existing domestic textile factories.
Sanko has already identified potential sites and held discussions with partners, with further activities scheduled to commence within the next few months following necessary approvals. The project is slated to become operational within 12 to 18 months once construction begins.
During the discussions, the delegation sought government assistance for the swift provision of utility services, including gas and electricity connections, and the expedited processing of official permits.
They emphasised a commitment to sustainability, highlighting the importance of eco-friendly, coal-free energy management and modern green technologies to meet international standards.
The delegation noted that such an initiative in an industrial zone would strengthen the local economy and set a new benchmark for international-standard production, potentially encouraging other foreign investors to enter Bangladeshi market.
Muktadir assured the company of full government cooperation, noting that the administration is actively working to facilitate foreign investors and provide necessary support for industrial growth.
Stakeholders believe that the implementation of Sanko’s plan will signal a new chapter for the textile and jute sectors, introducing advanced technology and transitioning the industry from basic manufacturing toward high-value product generation.
