To support workers and officials affected by the closure of 14 Beximco textile and garment units, the government has announced an allocation of Taka 525.46 crore from public funds. This financial assistance aims to clear wages and service benefits for approximately 31,669 workers and 1,565 officials. The payments are set to commence on 9th March and will cover employee salaries up to February.
The announcement was made by M. Sakhawat Hussain, the labour and employment adviser, during a press conference at the shipping ministry. According to Hussain, Taka 325.46 crore will be disbursed by the finance division’s expenditure department, while Taka 200 crore will be sourced from various accounts of the labour ministry’s central fund, provided as a loan to Beximco Group.
The impacted units include a range of companies under Beximco, such as Bangladesh Export Import Company Limited (Head Office), International Knitwear and Apparels Limited, and Crescent Fashion and Design Limited, among others. Currently, four Beximco units remain operational, including Bangladesh Export Import Company Limited (Factory) and Beximco PPE Limited.
In light of the financial turmoil, the Government is also taking steps to hold accountable those responsible for the mismanagement of loans to Beximco over the years. Legal action will be initiated against officials from various banks, including Janata, as well as members of the Beximco board, with the Anti-Corruption Commission leading the charge.
Hussain stated that the labour and employment ministry would collaborate with the home affairs ministry to impose travel bans on individuals linked to the financial irregularities. Those currently abroad may be required to return to Bangladesh, with measures in place to seize their passports if they do not comply.
To address the future of the Beximco Industrial Park, a high-powered committee has been established, chaired by Lutfey Siddiqi, the chief adviser’s special envoy for international affairs. This committee will include representatives from the Bangladesh Securities and Exchange Commission, the Bangladesh Bank, and the Bangladesh Investment Development Authority.
Beximco Group has been under financial strain, owing over Taka 40,000 crore to 13 banks, including significant debts to Janata Bank and Sonali Bank. The government’s strategy includes a phased approach, starting with the closure of the mills and factories, followed by decisions regarding the sale of Beximco shares and loan recovery.
Despite the challenges, Sakhawat Hussain expressed confidence that the skilled Beximco workers would find new employment opportunities in the industry.
Bharat Tex Special Report 2026 
