Deshbandhu Fibers Ltd will be the only Polyester Staple Fiber (PSF) and PET chips production unit in the country. Although Bangladesh is the second-largest producer of readymade garments (RMG) in the world after China there isn’t a single PSF & Virgin PET chips producer in the country. As a first-mover of many industries in Bangladesh, Deshbandhu Fibers Ltd will help the self-sufficiency of backward linkage in the RMG sector and PET bottle industry.
As the project is in Sirajgonj, it will work as a means of creating opportunities for employment generation, industrialization, and enhancing the socio-economic development of rural areas and thus contribute to improving the standard of living and quality of life for the rural people. It will also help retain a significant amount of foreign currency for the country. The company has already signed MOU with potential global off-takers for export worth approximately USD 1 billion.