Sanko, a prominent Turkish textile major, has confirmed plans to initiate a significant $300 million foreign investment in Bangladesh. The company intends to establish a large-scale, integrated manufacturing facility within the Mirsarai industrial zone. This strategic Turkish textile investment was the central focus of a meeting held Tuesday at the Secretariat between a delegation from the company and the Minister for Commerce, Industries, and Textiles and Jute, Khandaker Abdul Muktadir. State Minister for Textiles and Jute Md Shariful Alam was also in attendance.
The delegation from Sanko detailed that the decision to expand was driven by existing business relations within the country and a rising demand from international clientele. While the company currently serves the Bangladesh textile industry by supplying products from its Turkish plants, the new project represents a shift toward localized production. The company cited the nation’s growing market, skilled labor force, and robust export potential as primary factors for the move.
Scope of the New Manufacturing Facility
Under the proposed plan, the manufacturing facility will include specialized units for fabric production, fabric processing, and the creation of value-added textile products. Company representatives stated that the initiative is designed to bolster the capacity for high-quality textile production, facilitating a move further up the value chain.
Sanko already maintains a portfolio of several major international buyers operating in the region. The delegation confirmed that potential sites for the project have been identified and preliminary discussions with prospective local partners have been conducted.
Implementation Timeline and Infrastructure Requirements
The company expects to commence further project activities within the next few months, following the receipt of necessary government approvals and the verification of infrastructure readiness. Once construction begins, the textile production site is expected to become fully operational within a period of 12 to 18 months.
To ensure the success of this Turkish textile investment, the delegation requested government cooperation regarding essential energy infrastructure, specifically gas connections and a consistent electricity supply. Minister Khandaker Abdul Muktadir highlighted the nation’s potential as a destination for foreign investment and assured the representatives of the government’s support. He emphasized that the administration is actively encouraging external participation in the industrial sector to enhance the Bangladesh textile industry by providing necessary facilities to investors.
