Badsha Textiles Ltd.

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Badsha Group (Badsha or the Group) is the largest yarn manufacturer and one of the top tier ready-made garments (RMG) manufacturers and exporters in Bangladesh (refer https://www.badshatex.com/index.html). The Group comprises of four operational companies (Badsha Textile, Kamal Yarn, Pioneer Knitwear and Pioneer Denim) and its operations cover the value chain of the spinning, denim fabrics and garment manufacturing processes. One of the Groups company, Badsha Textiles Ltd. (BTL, or the Borrower) is undertaking a capacity expansion in Hobigonj through which the Group’s spinning capacity will increased by 195 MT yarn per day to manufacture premium cotton, viscose, blended (cotton modal), cotton denim, poly cotton and cotton mélange yarns (the Project). The proposed investment is to contribute a financing package of up to US$40 million (“IFC Loans”), including IFC A loan for up to US$10 million, Managed Co-Lending Portfolio Program (MCPP) of up to US$10 million and a loan from the IDA PSW Blended Finance Facility (“IDA PSW BFF”) which is subordinated in liquidation, of up to US$20 million to BTL. The proposed project will be located in 51.54 acre greenfield site at Bakharnagar, Hobiganj about 2 Km from the existing Pioneer Denim Limited factory premises.