Home / Knowledge / News / Apparel/Garments / Giant Textiles gets syndicated loan of Tk 570 mn
Giant Textiles gets syndicated loan of Tk 570 mn
May '10
Giant Textiles Ltd, a Giant Group company, enjoys Syndicated Term Loan facility of Tk 570 million, as the Eastern Bank Ltd makes arrangement of this loan facility to support the capital expenditure of the company for establishing a knit composite factory at Gazipur.

Banks partaking in disbursing this loan facility to Giants Group include, Bank Asia Ltd, The City Bank Limited, IFIC Bank Limited, United Commercial Bank Ltd, Trust Bank Limited, AB Bank Limited and Eastern Bank Limited.

Pertaining to this, a signing ceremony was recently organized, wherein, the senior officials from the concerned organizations marked their presence, and an agreement was signed by members of Giant Textile Ltd and the participating banks.

The overall yarn requirement of the Group would swell up to 16.35 MT per day following the establishment of Giant Textiles Ltd, knit composite factory. Also, the knitting and dyeing capacities of the group would increase to12.35 MT per day and 18 MT per day, respectively. Almost 100 percent of the knitting and dyeing capacities would be utilized by the group itself.

The Giant group, which owns 13 companies, including 8 knit and woven garment establishments, is one of the distinguished business groups of the country that generates a per annum turnover of over US $20 million.

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search