Dhaka: Turkish textile major Sanko is keen to invest around $300 million to establish an integrated textile manufacturing facility in Mirsarai industrial zone. The investment plan was discussed at a meeting between a Sanko delegation and Minister for Commerce, Industries, and Textiles and Jute Khandaker Abdul Muktadir at the Secretariat on Tuesday.

According to United News of Bangladesh, State Minister for Textiles and Jute Md Shariful Alam was also present during the meeting. The Sanko delegation expressed the company’s intention to establish a large-scale production facility in Bangladesh, building on its existing business ties with the country and the growing demand from international buyers. Currently, the Turkish company supplies textile products to Bangladesh from its facilities in Turkey but now aims to expand its production base locally.

Sanko’s proposed investment includes plans to establish facilities for fabric production, fabric processing, and manufacturing of value-added textile products. The initiative aims to strengthen Bangladesh’s capacity to produce high-quality textile products and help the country advance further in the ready-made garment and textile sectors. The company representatives mentioned that Sanko already has several important international buyers in Bangladesh.

The delegation highlighted that potential locations for the project have been identified, and discussions have taken place with prospective local partners. The company plans to commence further activities within the next few months, pending necessary government approvals and the availability of required infrastructure. Once construction begins, the facility is expected to be operational within 12 to 18 months.

The Sanko delegation sought government support in ensuring energy facilities, gas connections, uninterrupted electricity supply, and necessary approvals for the project. Minister Khandaker Abdul Muktadir emphasized Bangladesh’s investment potential and assured the Sanko delegation of the government’s cooperation. He stated that the government is encouraging foreign investment in the country’s industrial sector and is working to provide investors with the necessary facilities and support.