Turkish Sanko wants to invest $300 million in economic zone in Mirsarai

Turkish company Sanko wants to invest $300 million in the economic zone in Mirsarai, Chattogram, to build an integrated textile production facility for both the domestic and international markets.

A Sanko team expressed this interest at a meeting with Commerce Minister Khandakar Abdul Muktadir at his Secretariat office in Dhaka today.

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Currently, the company supplies fabrics for garment manufacturing from Turkey, but it wants to expand its business in Bangladesh by setting up a factory to produce value-added fabrics.

The company wants to begin operations within the next 12 to 18 months if the necessary facilities are ensured by the government, as the site has already been selected, according to a statement from the commerce ministry.