ADB, Envoy Textiles sign loan facility to support energy efficient textile manufacturing, create jobs in Bangladesh

The Asian Development Bank (ADB) entered into a €10.8 million ($11.2 million) facility agreement with Envoy Textiles Limited (Envoy) to support and finance the purchase and installation of energy efficient spinning machinery and other equipment to expand sustainable textile production and create local jobs. The proceeds of the loan will be used to fund a second yarn spinning

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