Revival Group has agreed to lease and restart the long-closed Beximco Textile Division, a move to bring back production and jobs. Under a tripartite deal, Revival, Janata Bank and Beximco are set to sign a formal agreement later this month to clear the way for the takeover. The plan aims to resume production by December and could restore work for more than twenty-five thousand former employees, helping families and local shops. Revival and its US-based financing partner Ecomilli will provide an initial $20 million in back-to-back letter of credit support to restart orders, with scope to widen this to $100 million if performance is strong. The firms say they will not take on old liabilities and that lenders will move troubled loans into a separate block account to prevent further interest, which should make the restart smoother. Managers plan to rehire the original workforce where possible and bring in experienced leaders and modern systems to boost efficiency and product quality. Teams will first fix machinery, check safety systems and train workers so the plants can run well. Local suppliers and shops that serve the mills are already preparing, hoping regular shifts will restore daily trade and market activity. The revival also aims to reconnect the factory with global buyers by improving on-time delivery and product standards. Leaders say they will invest in training and new routines so staff can use updated equipment and meet international buyer needs. Restarting production can help reverse the hardship that followed the shutdown, when many households lost steady pay and nearby businesses slowed. Observers welcomed the plan because steady factory work tends to boost incomes and bring back trade for transport, food vendors and shops. Workers and community members spoke of hope when they heard the deal could bring jobs back within weeks. Business planners aim for steady growth, with Revival projecting strong returns that would support loan repayment and long-term stability. If reopening succeeds, the mills could again be a major employer and help local economies through restored wages and renewed factory orders. Officials expect careful oversight, clear contracts and open talks with workers to keep the restart fair and avoid past problems. With new investment, practical steps and a focus on training and safety, the community hopes the Beximco textile revival will bring brighter days for families, workers and small businesses across the area. The plan also includes bringing in experienced leaders and Japanese-style management systems to raise efficiency and quality, and the group projects annual profits that could help repay loans and keep the park stable by 2027. Community groups said the move could restore hope and cash flow to households that rely on factory pay.
