DBL Group has commenced operations at its new spinning mill, Jinnat Textile Mills Ltd, with a daily production capacity of 42 tonnes of yarn. The $80 million investment is housed in the DBL Industrial Park, also known as Shreehatta Economic Zone, in Moulvibazar. The facility will exclusively produce yarn for DBL Group’s own garment factories, aiming to enhance its export capabilities and increase export earnings by 5% annually. The British International Investment provided a $52 million loan for the project. The mill, partially operational, is expected to run at full capacity from the third week of December,2023, creating 1,000 low-skilled jobs, with over half reserved for women.
Source for more details:
