Envoy Textiles Limited hosted a high-level courtesy meeting with a delegation from the ADB at its corporate office in the city on Sunday. Envoy Textiles Limited hosted a high-level courtesy meeting with a delegation from the Asian Development Bank (ADB) at its corporate office in the city on Sunday, says a press release.
The meeting was convened following the recent approval of a US $30 million financing package from ADB to support the company's expansion and sustainability initiatives.
The ADB delegation was led by Hoe Yun Jeong, Country Director, Bangladesh Resident Mission. He was accompanied by Md Mehedi Hasan, Investment Officer, and Farzana Rahman, Officer of the Finance, Private Sector and Public Sector Management and Governance Group (PSMG).
Envoy Textiles was represented at the meeting by its Founder and Chairman, Kutubuddin Ahmed, along with other high-ranking officials of the company.
The discussions centered on strengthening the collaborative partnership between ADB and Envoy Textiles. The parties reviewed the strategic utilisation of the newly-approved funds, which are earmarked for enhancing the company's production capacity, adopting advanced green technologies, and furthering its commitment to environmental, social, and governance (ESG) standards.
Kutubuddin Ahmed, Chairman of Envoy Textiles, said: "We are honoured to host the ADB delegation and deeply appreciate their confidence in our vision."
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