Dhaka, July 29, 2025 – Hong Kong-based textile and apparel giant Handa Industries Limited has announced a $250 million investment in Bangladesh’s textile sector, marking one of the largest single Chinese investments in the country’s garment industry. The announcement was made by Handa’s Chairman, Han Chun, during a meeting with Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna in Dhaka on Tuesday.
Initially, Handa had committed to a $150 million investment during the Bangladesh Investment Summit in April 2025, formalized through a memorandum of understanding (MoU) with the Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA). Encouraged by strong support from BIDA, BEZA, and the Bangladesh Export Processing Zones Authority (BEPZA), Handa has now increased its investment to $250 million. The company plans to establish three factories—two for garment processing and one for knitting and dyeing—in the Mirsarai Economic Zone, creating employment opportunities for 25,000 people.
“Discussions with officials from BIDA, BEZA, and BEPZA have given us confidence to expand our investment,” said Han Chun. “We aim to introduce cutting-edge technology to Bangladesh’s garment and textile industry through these projects,” he added.
Chief Adviser Professor Muhammad Yunus welcomed Handa’s investment, urging the company to lead Chinese investment in Bangladesh’s textile sector and encourage other Chinese investors to follow. He also emphasized the importance of training Bangladeshi designers to align with global market preferences. During the meeting, Han Chun presented a design for a factory to be built in the Mirsarai Economic Zone, which Yunus praised, stating, “It looks like a beautiful piece of artwork to me.”
The first phase of the investment, valued at $80 million, will involve a land lease agreement for a garment factory in Mirsarai, set to be signed on Wednesday, July 30, 2025. The second phase, including land allocation and other facilities, is expected to be finalized by the end of 2025.
The meeting was attended by BIDA Executive Chairman Chowdhury Ashiq Mahmud Bin Harun, Chief Adviser’s Principal Secretary Md. Siraj Uddin Miah, SDG Affairs Coordinator Lamiya Morshed, BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, and Handa Industries Limited President Heng Zeli.
Officials from BIDA, BEZA, and BEPZA highlighted the significance of this investment, noting its potential to boost Bangladesh’s textile industry and enhance foreign direct investment in the country.
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