adv-06 adv-06

IFC invests $22.7m in Hamza Textile a concern of DBL Group


Desk Report: The International Finance Corporation (IFC) has invested $22.7 million in Hamza Textile Ltd, a dyeing and finishing company of Dulal Brothers Ltd (DBL) Group of Bangladesh in a bid to improve global competitiveness for Bangladesh’s readymade garment (RMG) sector.


The funds will help build a factory ‘with advanced and resource-efficient technologies to respond to evolving demands of consumers’ and create 900 new jobs, IFC said in a statement on Tuesday.

It is the first COVID support the IFC has offered in the RMG sector and is partially financed by the International Development Association’s Private Sector .