DBL Industrial Park lays its Foundation Stone for USD 650 Million Industrial park. The new Industrial park will be set-up over 167.6 acres with the total of 10 manufacturing units featuring latest technology. This industrial park will create almost 6,000 job opportunities.
This was announced by DBL Group’s Chairman Abdul Wahed, Managing Director M. A. Jabbar, Vice Chairman M. A. Rahim and Deputy Managing Director M. A. Quader at a meeting held recently at Dhaka.
Media reports indicate that the industrial park of DBL Group is expected to generate $500 million in revenue annually. DBL plans to build a world-class textile mill to produce fine cotton yarn and rotor yarn to cater to the diverse needs of the textile industry with a capacity of 43.5 tonnes per day. The industrial park will also have a polyester recycling unit to produce staple fibre as a raw material for spinning factories with a targeted production capacity of 18 tonnes per day.
From packaging to pharmaceuticals, the DBL Group owns a wide array of businesses. A family owned business founded in 1991, the DBL Group evolved into a diversified conglomerate in Bangladesh since its inception. Its businesses include apparels, textiles, textile printing, washing, garments accessories, ceramic tiles, dredging, semiconductor design, ICT, and telecommunications. With a dedicated workforce of 39,000 employees, the annual turnover of the group for the year 2018-19 was $600 million.
It has financial investments from the International Finance Corporation (World Ban), DEG-KfW (Germany), and Swedfund (Sweden). DBL has engaged in its first offshore business in Ethiopia for apparels and textiles, creating employment opportunities for 4,500 people.
In the apparels and textiles sector of Bangladesh, DBL Group is one of the largest and 100% export-oriented composite knit garments and textiles manufacturing organization. They are supplying quality apparels around the world to the best of the retailers and the biggest brands of the fashion industry. The company is headquartered in Dhaka, Bangladesh and operating its production processes at the factories situated in Gazipur, Dhaka, Bangladesh.