Inauguration of Jinnat Textile Mills marks a milestone for DBL Group

DBL Group on Thursday inaugurated Jinnat Textile Mills Limited. The inaugural ceremony was held at DBL Industrial Park of Srihatta Economic Zone in Sylhet, according to a press release.

Ms Sarah Cooke, the British High Commissioner to Bangladesh, and Mr Shaikh Yusuf Harun, Executive Chairman (Senior Secretary) of Bangladesh Economic Zones Authority (BEZA), along with Mohammad Rehan Rashid, Country Director for Bangladesh at British International Investment, Richard Palmer, Director and Head of Private Debt, British International Investment were present on the occasion.

Jinnat Textile Mills Limited, a venture under the umbrella of DBL Group, is poised to contribute to the production of high-quality textiles to serve international buyers. British International Investment (BII), which is the UK Government’s Development Finance Institution, provided a $52 million loan for establishing this factory, the statement added.

Ms Cooke inaugurated the facility as chief guest, symbolising the collaborative efforts between Bangladesh and the United Kingdom.

In her inaugural speech, Ms Cooke said, “We are proud to witness the opening of the Jinnat Textile Mills factory which will create more jobs, reduce poverty and increase business opportunities whilst improving working conditions for women and boosting environmental sustainability. This is a great demonstration of the UK’s commitment to supporting Bangladesh’s development goals and our modern economic partnership through investing in the private sector and fostering economic growth that is both inclusive and green.”

Guest of Honour Mr Shaikh Yusuf Harun, Executive Chairman (Senior Secretary) of BEZA, commended the establishment of Jinnat Textile Mills Limited as a significant contribution to the economic growth of Bangladesh. He highlighted the importance of such ventures in aligning with BEZA's vision for sustainable economic development and praised DBL Group for its commitment to excellence.

Mohammad Rehan Rashid, Country Director for Bangladesh at British International Investment, the UK’s development finance institution and impact investor said, “We are delighted to join DBL Group in celebrating the opening of Jinnat Textile Mills Limited, a project that we have proudly invested in to support the textile manufacturing sector which is vital to Bangladesh's economy. This new factory is aligned with our vision to foster economic opportunities that create productive, sustainable and inclusive outcomes, as not only does it promote green building practices but is also creating 1,000 low-skilled jobs, with more than half of them for women.”

The event also saw the presence of representatives from BEZA, District Administration, Government Authorities, Banks and Financial Partners.

Mr Abdul Wahed, chairman; Mr MA Jabbar, managing director; Mr MA Rahim, vice chairman; and Mr MA Quader, deputy managing director and Group CEO of DBL Group, were also in attendance, underscoring the leadership's dedication to the new venture.