Ananta Group gets $13.8mn loan from Proparco

Desk Report: Ananta Group, a leading apparel exporter, has received $13.8 million in low-cost financial support from Proparco, a French Development Finance Institution.

With this loan, Proparco supports Ananta Huaxiang Limited (AHL), a subsidiary of Ananta Group in Bangladesh, to increase its sweater manufacturing capacity through the expansion of its production facility located in Narayanganj.

This operation will allow AHL to emerge as a large volume sweater manufacturer and strengthen its competitiveness in the international market,

AHL ranks among the top 10 sweater producers in Bangladesh exporting mostly to Europe for various international brands.

With this project and the increase in high-end sweater manufacturing capabilities, AHL will be better able to serve its customers by producing over 10 million pieces of sweaters by 2023 at a higher quality level and price points than before.