Handa Industries Co Ltd, a prominent textile and apparel chain based in Hong Kong, has announced plans to invest approximately US $ 250 million in Bangladesh’s textile sector. The company’s Chairman, Han Chun, revealed the details during a meeting with Chief Adviser Professor Muhammad Yunus.
Initially, Handa Industries had committed to investing US $ 150 million and signed a memorandum of understanding with Bangladeshi authorities during the Bangladesh Investment Summit in April 2025. However, after further assessments and robust support from government agencies, the company has increased its investment plan.
The expanded project involves establishing three factories in Bangladesh—two garment processing units and one knitting and dyeing facility, anticipated to generate around 25,000 jobs for local workers. Han Chun expressed confidence in Bangladesh’s investment climate, citing productive discussions with officials from the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), and Bangladesh Export Processing Zones Authority (BEPZA).
Officials from BIDA, BEZA, and BEPZA acknowledged that this is among the largest single Chinese investments in Bangladesh’s textile sector. Chief Adviser Professor Yunus welcomed the initiative, encouraging Handa Industries to lead the way for more Chinese investments in the industry. He also urged the company to train Bangladeshi designers to better understand international buyer preferences.
As part of the project, Han Chun presented a design of the factory to be established in the Mirsharai economic zone, which the Chief Adviser praised as resembling a beautiful painting. The land lease agreement for the first garment factory, valued at US $ 80 million, is scheduled to be signed on Wednesday. Final arrangements for the second phase, including land and facilities, are underway and expected to be completed by the end of 2025.
