Chinese Handa Industries Limited to invest $150m

Handa Industries Limited, a well-known clothing manufacturing company with headquarters in China that produces high-quality knitted textiles, dyeing techniques, and clothing worldwide, is planning to invest US$150 million in Bangladesh.

They want to spend $50 million in the apparel industry under the export processing zone and $100 million in the textile and dying industries under the economic zone.

For this reason, in a city hotel, Heng Zeli, Chairman of Handa (Dhaka) Textile Co., Ltd., and Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of BIDA, signed a Memorandum of Understanding (MoU) on behalf of their respective parties.

In addition to promoting investment activities in Bangladesh, Handa Industries Limited will make investments in the textile and apparel industries (the Projects).

In order to encourage foreign direct investment (FDI) and strengthen the two brotherly nations’ bilateral economic ties, Handa Industries Limited has shown its interest in investing in the textile and apparel industry, getting the required approval and fulfilling regulatory requirements.

Handa Industries Co., LTD. (Handa Industries for short) is a wholly-owned limited liability company based in China, committed to the full industrial chain of textile and apparel, created a one-stop service of high-end fabric and garment production. Over the years, adhering to the enterprise spirit of “innovation, integrity, honesty, customer first”, after nearly 30 years of hard work and precipitation, in the continuous innovation and layout, Handa has transformed from a small and medium-sized enterprise to a strong enterprise with a complete industrial chain, operating marketing centers and production bases in China, Japan, the United States, Southeast Asia, Africa and other places with more than 10,000 employees and an annual turnover of more than 300 million US dollars.
 
Handa Industries was established in 1995 and has multiple subsidiaries under its umbrella deep in research and development of weft knitted fabrics, dyeing and finishing of knitting, garment design and production, continuously creating value for our customers and the community.