Japanese–Bangladeshi fashion and sustainability venture REVIVAL Group Co Ltd and REVIVAL Projects Ltd will lease and restart the long-shuttered BEXIMCO Textile Division, according to a press release. “The company aims to reconnect BEXIMCO Textile with its global buyer base, while simultaneously developing new international partnerships. The revival agreement with REVIVAL now makes that possible.”REVIVAL says, “With Japanese precision, US financial strength and the resilience of the Bangladeshi workforce, the revival of BEXIMCO Textile stands as a powerful symbol of economic renewal. Since then, unrest has brewed among the companies of the Beximco Group, the country’s leading industrial group. Though 32 factories were listed at the Beximco Industrial Park, a government investigation committee subsequently found that only 16 existed.
