| Project Detail |
The Project involves funding the purchase and installation of spinning machinery and associated equipment for Envoy Textiles Limiteds second spinning unit. The new unit will have an annual yarn production capacity of 3,600 tons which will be mainly used for in-house consumption. The borrower has its factory in Jamirdia, which is about 71 kilometers north of Dhaka.
Project Name Envoy Sustainable and Energy Efficient Textile Manufacturing Project
Project Number 56027-001
Borrower / Company Envoy Textiles Limited (ETL)
Country / Economy Bangladesh
Location Nation-wide
Type or Modality of Assistance
4259 Loan Ordinary capital resources EUR 10.80 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector
Industry and trade / Industry and trade sector development
Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 1
Responsible ADB Officer Oishi, Yohei
Project Sponsor(s)
Description The Project involves funding the purchase and installation of spinning machinery and associated equipment for Envoy Textiles Limiteds second spinning unit. The new unit will have an annual yarn production capacity of 3,600 tons which will be mainly used for in-house consumption. The borrower has its factory in Jamirdia, which is about 71 kilometers north of Dhaka.
Objectives and Scope
Impact. The project is aligned with the following impacts: (i) fulfillment of domestic and export demand for textile within the country provided, (ii) export and modernization of the textile industry for creation of employment opportunities increased, and (iii) international competitiveness, and sustainable development attained.
Outcome. The project represents ADBs support to the important textile industry in Bangladesh-a key driver of economic growth, employment and exports. The project will have the following outcome: sustainable denim fabric manufacturing operations of the borrower improved. Once implemented, the project is expected to increase ETLs annual denim fabric production, reduce wastewater hazardous sludge from, and reduce electricity consumption.
Outputs. The projects outputs will be (i) energy efficient spinning production capacity of ETL expanded with gender equality enhanced, and (ii) gender equality in the local economy enhanced. On completion, the project will lead to an increase in annual yarn production capacity by 3,600 tons.
Linkage to Country/Regional Strategy The project is consistent with the following operational priorities of ADBs Strategy 2030: (i) addressing remaining poverty and reducing inequalities, by creating jobs; (ii) accelerating progress in gender equality, by promoting gender equality through a gender action plan; and (iii) enhancing environmental sustainability, by reducing power consumption and greenhouse gas emission by installing a more energy efficient spinning unit. The project is also aligned with ADBs country partnership strategy, 2021-2025 with Bangladesh as the project aims to boost competitiveness, employment, and private sector development; and promote green growth. |
