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Published : 29 Jul 2025, 10:56 PM
Hong Kong-based textile and garment manufacturer Handa Industries has announced plans to invest $250 million in Bangladesh.
The declaration came during a meeting between the company’s Chairman Han Chun and Chief Advisor Muhammad Yunus, according to a media statement from the Chief Advisor’s Office (CAO).
The meeting took place at the State Guest House Jamuna in Dhaka on Tuesday.
The statement said Handa initially planned to invest $150 million in the country’s textile sector.
A memorandum of understanding was signed with Bangladeshi authorities during the investment summit held in the capital in April.
“Following a fresh assessment and with strong support from the Bangladesh government, Handa has decided to increase the investment to around $250 million,” the statement read.
The CAO said the company has now decided to set up three factories in Bangladesh -- two for garment processing and one for knitting and dyeing.
The factories are expected to create employment for 25,000 people.
“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.
“We would like to bring the latest technologies to Bangladesh’s garment and textiles industries through our projects,” he said.
Citing officials from BIDA, BEZA, and BEPZA, the press note said this marks the largest investment to date by a single Chinese company in Bangladesh’s textile sector.
Welcoming the investment, Yunus told Han: “You take the leadership in Chinese investment in Bangladesh’s textile sector and encourage other Chinese investors to come here.”
He also urged Handa to arrange training for Bangladeshi designers to better understand buyer preferences.
Han presented the design for a new factory to be built in Chattogram’s Mirsharai.
Yunus praised the design, calling it “a beautiful painting”.
The lease agreement for the Mirsharai site is due to be signed on Wednesday.
The first phase of the factory will see an investment of $80 million.
Work on finalising land and other infrastructure for the second phase has already begun and is expected to be completed within this year, the statement added.
