The financing arrangement includes a $20 million loan directly from ADB and a $20 million syndicated B-loan from the ILX Fund, an Amsterdam-based asset manager focused on Sustainable Development Goals (SDGs), with ADB serving as the lender of record. ADB played a key role as the mandated lead arranger, structuring and syndicating the financing package.
The factory will incorporate advanced, automated energy-efficient machinery and equipment based on the latest technology, underlining its commitment to sustainability. The construction phase is projected to create 200 jobs, with an additional 1,000 jobs generated during the operational phase.
Suzanne Gaboury, ADB Director General for Private Sector Operations, emphasized the project’s broader impact: “Bangladesh’s textile industry is a cornerstone of the economy, supporting millions of livelihoods and driving exports. This project not only bolsters economic growth but also enhances national resilience. ADB’s support will help attract essential financing to this vital sector.”
Sharif Zahir, Managing Director of Ananta Group, expressed his gratitude for the financing: “We are thrilled to receive this support from ADB and ILX. This financing signifies trust from our partners and signals to international lenders the quality and impact of our industry. Partnering with a reputable institution like ADB aligns with our vision of quality service, inclusivity, and sustainability, marking a significant step towards our sustainable growth goals.”
Ananta Group, a leading exporter of ready-made garments in Bangladesh, has been operational for over 30 years, manufacturing a diverse range of products including jeans, suits, sweaters, lingerie, activewear, and outerwear. The company generates approximately $400 million in annual revenue and employs over 30,000 people across seven factories.
The new knit fabric factory represents a significant investment in sustainable manufacturing, reinforcing Bangladesh’s position in the global textile industry. It contributes to economic growth and job creation in the region, showcasing a model of corporate social responsibility and sustainable development.
