REVIVAL to Reignite BEXIMCO Textile, Bringing Back 25,000 Jobs
In a transformative development for Bangladesh’s industrial landscape, the pioneering Japanese–Bangladeshi ethical fashion and sustainability venture REVIVAL Group Co. Ltd. and REVIVAL Projects Ltd. have confirmed that they will lease and restart the long-shuttered BEXIMCO Textile Division. Paving the way for more than 25,000 workers to regain their jobs and rebuild the stability that was lost when the factory was forced to close. Supported by US-based financing partner Ecomilli, founded by leading Non-Resident Bangladeshi (NRB) professionals, the initiative marks one of the most significant employment restoration efforts in the country’s recent history.
The reopening promises to reverse the devastating impacts felt when BEXIMCO Textile—once a national engine of growth and resilience was shutdown due to loan defaults after over three decades of successful operations. Overnight, thousands of workers were displaced, small businesses around the industrial zone collapsed and entire communities faced deep financial uncertainty. REVIVAL’s decision to take over the unit through a long-term lease brings renewed hope to those families who lost not just employment, but the foundation of their livelihoods.
REVIVAL’s plan is centered on a full-scale factory restart, reinstating the original management team and welcoming back the entire workforce. The company’s Japanese–Bangladeshi identity will play a crucial role in the revival, as Japanese management systems and operational discipline will be introduced through experienced C-suite leaders from Japan. In addition, a global Big Four accounting firm will be appointed to ensure transparency and international-standard governance aiming to create a work environment where efficiency, accountability and worker welfare remain uncompromised.
Beyond reopening the factory floor, the lease agreement reflects REVIVAL’s long-term vision for Bangladesh’s textile and fashion industries. The company aims to reconnect BEXIMCO Textile with its global buyer base, while simultaneously developing new international partnerships. REVIVAL intends to establish Bangladesh not only as a reliable manufacturing destination, but also as a source of innovation and brand creation. The company’s philosophy ‘Design locally, sell globally’ underscores its commitment to elevating Bangladeshi products from low-cost garments to premium, design-driven global fashion offerings. Also exporting premium products that carry the pride of “Made in Bangladesh.”
As part of this vision, REVIVAL plans to introduce advanced training and international-standard certification programs for young designers and industry professionals. The company is also laying the groundwork for the country’s first comprehensive Design Institute, where educators and industry experts from Japan, the US and Europe will mentor students, preparing them to lead future creative industries at home and abroad.
Momentum toward the restart is already strong. The draft Tripartite Agreement among REVIVAL Projects Ltd., BEXIMCO and Janata Bank was submitted on 8 October 2025. Janata Bank’s Board is set to review it in their upcoming meeting next Tuesday, with all parties expecting a signing within the month. Senior leadership teams from REVIVAL and Ecomilli are planning to arrive in Dhaka in the third week of November for the official signing ceremony.
Huda Mohammed Faisal, CEO and Co-Founder of REVIVAL said, “We see this as far more than just the reopening of a factory. It is the restoration of dignity for thousands of families. Every job regained is a story of recovery and renewed confidence in the nation’s future.”
Dr. Farhan S. Karim, President of Ecomilli, stated, “As a Non-Resident Bangladeshi, it is an honor to help revive a facility that once powered our national economy. This isn’t about brain drain—it is about brain gain. We are proud to stand with the Government of Bangladesh and REVIVAL to rebuild livelihoods and support the nation’s industrial resurgence.”
Osman Kaiser Chowdhury, Managing Director of Beximco Ltd., added that the company had tried relentlessly to keep the textile division operational until the government-mandated shutdown. “Our primary concern was to protect the livelihoods of 42,000 workers and executives and to continue generating the nearly USD 40 million in monthly exports that sustained the business,” he said. “Despite immense financial challenges, we kept our modern machinery in running condition so the factories could restart at a moment’s notice. The revival agreement with REVIVAL now makes that possible.”
Under the first phase of the partnership, REVIVAL and Ecomilli will deploy USD 20 million in back-to-back LC support, with plans to expand to USD 100 million depending on factory performance and global demand. The companies plan to resume production by December 2025, bringing back more than 25,000 workers with dignity and security. By 2027, REVIVAL projects annual profits of BDT 500 crore—revenues that will support repayment of outstanding loans and ensure long-term financial stability for the country’s largest textile brand.
With Japanese precision, US financial strength and the resilience of the Bangladeshi workforce, the revival of BEXIMCO Textile stands as a powerful symbol of economic renewal. As the machines prepare to restart and workers look forward to returning to the factory floor, the message is clear: a new chapter of hope and opportunity is unfolding for thousands of families—and for Bangladesh’s industrial future.