Envoy Textiles Limited on Sunday hosted a high-level courtesy meeting with a delegation from the Asian Development Bank at its corporate office at Panthpath in the capital.
The meeting was convened following recent approval of a $30 million financing package from the ADB to support the company鈥檚 expansion and sustainability initiatives, said a press release.
The ADB delegation was led by Hoe Yun Jeong, country director, Bangladesh Resident Mission.
He was accompanied by Md Mehedi Hasan, investment officer, and Farzana Rahman, officer of Finance, Private Sector and Public Sector Management and Governance Group (PSMG).
Envoy Textiles was represented by its founder and chairman Kutubuddin Ahmed, along with other high-ranking officials of the company.
The discussions centred on strengthening the collaborative partnership between ADB and Envoy Textiles.
The parties reviewed strategic utilisation of the newly approved funds, which are earmarked for enhancing the company鈥檚 production capacity, adopting advanced green technologies and furthering its commitment to environmental, social and governance standards.
Kutubuddin Ahmed expressed his gratitude, stating, 鈥榃e are honoured to host the ADB delegation and deeply appreciate their confidence in our vision. This significant investment is a testament to our shared commitment to sustainable industrial growth in Bangladesh. The funding will be instrumental in driving our next phase of expansion, focusing on innovation and eco-friendly manufacturing practices that set a benchmark for the industry.鈥�
