Beximco Group’s Textiles and Apparel Division, BexTex, which has been closed amid financial pressure, may resume operations under a lease agreement with Japanese apparel firm Revival Project Limited. Revival Project, which has prior experience in the apparel sector, plans to invest $20 million or around Tk 2.5 billion into the operation. A tripartite agreement involving Revival Project, BexTex and lender Janata Bank is expected to be signed this August. Bangladesh Bank, Janata Bank and the government are working to provide policy support. “Details will be finalised when the agreement is signed.”To ensure full financial transparency and loan repayment from export earnings, stakeholders say the Japanese firm may appoint Deloitte as auditor.

Source: bd News24 August 07, 2025 18:21 UTC