Handa Industries Co., a Hong Kong-based textile and apparel chain, on Tuesday announced that it will invest USD 250 million in Bangladesh.
Han Chun, Chairman of Handa Industries Ltd, announced the plan while meeting Chief Adviser Muhammad Yunus at the State Guest House Jamuna, said the Chief Adviser's Press Wing in a media statement.
Handa had initially planned to invest USD 150 million in Bangladesh's textile sector and signed a memorandum of understanding with the Bangladesh authorities during the Bangladesh Investment Summit in April 2025.
Following further assessments and with strong support from Bangladesh authorities, Handa has since increased its investment plan to approximately USD 250 million.
The company has now decided to set up three factories in Bangladesh—two garment processing and one knitting and dyeing unit—which are expected to create 25,000 jobs.
"We decided to increase our investment as we got confidence after talks with the officials of the government agencies, including BIDA (Bangladesh Investment Development Authority), BEZA (Bangladesh Economic Zones Authority) and BEPZA (Bangladesh Export Processing Zones Authority)", said Han Chun.
"We would like to bring the latest technologies to Bangladesh's garment and textiles industries through our projects."
BIDA, BEZA and BEPZA officials said this is one of the largest single Chinese investments in Bangladesh's textile sector.
Chief adviser welcomed the investment plan of Handa Industries Ltd.
"You take the leadership in Chinese investment in Bangladesh's textile sector and encourage other Chinese investors to come here," he added.
He also urged Handa Industries Ltd. to train up Bangladeshi designers to enable them to learn the taste of buyers.
Han Chun presented the chief adviser with a design of their factory that they are going to set up in the Mirsharai economic zone.
"It looks like a beautiful painting to me," said the chief adviser, hailing the design.
The land lease agreement for the garment factory in Mirsharai will be signed on Wednesday, with an investment value of 80 million USD in phase 1.
The finalisation of land and other facilities for phase 2 is in process now and is expected to be finished by the end of 2025.
BIDA Executive Chairman Chowdhury Ashik Mahmud bin Harun, Principal Secretary Siraj Uddin Miah, Principal Coordinator for Sustainable Development Goals (SDG) Lamiya Morshed, BEPZA Executive Chairman Abul Kalam Mohammad Ziaur Rahman, and Handa Industries Ltd President Heng Zeli were present at the meeting.
Handa Industries Co., LTD. is a wholly-owned limited liability company based in Hong Kong, committed to the full industrial chain of textile and apparel, offering a one-stop service of high-end fabric and garment production.
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