Bangladesh’s textile industry gets a boost as Denim Solutions Limited secured a 2-acre land lease from the Bangladesh Economic Zones Authority (BEZA) on January 22.
The land, located in the Jamalpur Economic Zone, was handed over by the Sheikh Yusuf Harun, Executive Chairman, of BEZA to SM Shohel Rana, Managing Director of Denim Solution Ltd, during a historic signing ceremony.
In the signing event, SM Shohel Rana, expressed his enthusiasm for the project and emphasized the company’s commitment to serving the textile industry since its inception in 2013. He also highlighted the vast potential for industrial growth in Bangladesh’s chemical sector and stressed the importance of government policy support for its advancement.
SM Shohel Rana highlighted Denim Solution Ltd.’s dedication to progress through continuous investments in Research and Development. The company aims to enhance its chemical manufacturing capabilities, offering specialized, high-performance chemicals to empower customers in the competitive marketplace while prioritizing environmental sustainability.
Land Area: 2 Acres
Project Cost: Tk 405 million
Source of Fund: Equity 30.86%; Debt 67.14%
Form of Equity: Private Limited Company
Implementation Period: 2 Years
Employment Generation: 646
Products: Resin, Enzymes, Anti Back Stain, Hydroxylamine.
Product Use: Fabric Processing in the RMG Sector.
Employment: around 150 workers during the construction period and around 646 employees during operation. Employment is expected to grow by 3%-4% per year considering employment turnover.
Export value: BDT 607.79 million using 70% capacity.
This milestone initiative by Denim Solution Ltd signifies a transformative step in Bangladesh’s industrial landscape, promising a brighter future for the chemical industry and overall economic prosperity. The company looks forward to receiving support from the government and stakeholders as it embarks on this transformative journey.