Tuba Group owner Delwar Hossain on Sunday sought at least TK 25-30 crore loan from any financial institution to reopen its five garment factories situated in the city’s Uttar Badda area.”I’ll be able to export $ 40,000-50,000 by reopening the factories if I get at least Tk 25-30 crore loan on relatively low interest rate from any financial institution or bank,” he said.Delwar who got out from jail recently on bail came up with the demand at a press conference at a city hotel in the morning.Describing the reasons that forced him to shut the five factories, he claimed that he had no option but to shut down those due to financial crisis.”I’ve no saleable lands left at this moment. After securing bail from jail, I’ve sold a printing factory housed on a 16 acres of land, nine kathas land and garment machinery to collect Tk 5 crore 38 lakh,” he said.Delwar also said mortgage companies took Tk 3 crore from the amount that he got through selling his lands and printing factory and another Tk 2 crore were spent on paying workers’ salaries and overtime bills for the month of July.Delwar secured bail, on a condition that he will pay the dues of some 1600 workers of five garment factories owned by Tuba Group.Five closed Tuba group garments are Tuba Textile Mills Limited, Tuba Fashion Limited, Taif Designs Limited, Mita Designs Limited, Bughshan Garments (pvt) Limited.
