Sanko Group plans a $300 million Bangladesh facility. Construction could take 18 months.

Turkey’s Sanko Group plans to invest $300 million in an integrated textile manufacturing facility in Bangladesh’s Mirsarai industrial zone, government officials said Tuesday.

The company announced the proposal during a meeting with commerce, industries, and textiles and jute minister Khandakar Abdul Muktadir at the Secretariat.

Sanko plans to shift from supplying textile products from Turkey to operating a full-scale manufacturing base in Bangladesh. The facility would produce fabrics, carry out advanced textile processing and manufacture high-value products for international markets.

Company representatives said Bangladesh’s skilled workforce, export capacity and investment environment made it an attractive destination. They said the project would introduce advanced technology, support technology transfers and help domestic producers move into higher-value manufacturing.

Sanko has completed preliminary site selection and held talks with local partners. Construction is expected to take 12 to 18 months after government approvals, with operations planned to begin within several months of approval.

The company sought uninterrupted gas and electricity supplies and faster regulatory clearances. Muktadir pledged government cooperation and described the proposal as a step toward modernizing Bangladesh’s textile sector.