As stated by the IFC, the proposed investment is to contribute to a financing package of up to US$40 million, including IFC A loan for up to US$10 million, Managed Co-Lending Portfolio Program of up to US$10 million and a loan from the IDA PSW Blended Finance Facility which is subordinated in liquidation, of up to US$20 million to Badsha Textiles Limited belonging to Badsha Group, the largest yarn manufacturer in Bangladesh and one of the top-tier, vertically integrated sweater and woven garment manufacturing and exporting groups in Bangladesh.
The IFC Loans will support setting up of a greenfield spinning mill with a production capacity of 70,373 MT per year to manufacture premium cotton, viscose, blended cotton, cotton denim, poly cotton yarns.
As stated by the IFC, BTL belongs to Badsha Group. Established in 2004, Badsha Group, comprising four companies, is a family-owned business, founded by Mr. Md Badsha Mia who, along with his wife Mrs. Asma Begum, and his grown-up children Mr. Kamal Uddin, Ms. Sharmin Sultana and Mr. Mohiuddin Ahmed.
Badsha Group is the largest yarn manufacturer and one of the top tier ready-made garments manufacturers and exporters in Bangladesh (refer https://www.badshatex.com/index.html). The Group comprises of four operational companies (Badsha Textile, Kamal Yarn, Pioneer Knitwear and Pioneer Denim) and its operations cover the value chain of the spinning, denim fabrics and garment manufacturing processes.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Client - Badsha Textiles Limited:
Muhammad Habibur Rahman FCMA - Executive Director (Finance and Operation)
Address: Holland Center 8th Floor Cha 72/1-B, Progati Sarani Dhaka, Dhaka, 1212 Bangladesh
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