# ADB and ILX fund $40M knit fabric factory for Ananta Group in Bangladesh

The Asian Development Bank signed a $40 million financing package with Ananta Knitwear Limited to build a new knit fabric factory in Narshingdi, Bangladesh. The factory will use energy-efficient machinery and is expected to create 1,000 operational jobs.

- Type: Investment
- Announced: 2024-06-26
- Where: Narshingdi, Bangladesh
- Value: $40.0M
- Jobs: 1,200
- Status: announced
- Products: knit fabric
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Ananta Knitwear Limited](https://endata.com/companies/78259.md)
- [Asian Development Bank](https://endata.com/companies/28212.md) (investor)
- [ILX Fund](https://endata.com/companies/78260.md) (investor)

## Sources

- [saurenergy.asia](https://www.saurenergy.asia/adb-ananta-collaborate-for-energy-efficient-fabric-manufacturing/), 2024-06-26: "The Asian Development Bank (ADB) signed a $40 million financing package with Ananta Knitwear Limited (AKL) to finance a new knit fabric factory in Narshingdi, Bangladesh."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.