Hong Kong-based Handa to invest US$ 250 million in Bangladesh, create 25,000 jobs

The textile and clothing business Handa Industries Co., headquartered in Hong Kong, has declared its intention to invest $250 million USD in Bangladesh.

During his meeting with Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna here today, Chairman Han Chun of Handa Industries Ltd. revealed the plan.

During the Bangladesh Investment Summit in April 2025, Handa signed a memorandum of understanding with Bangladeshi authorities, committing to spend US$150 million in the country’s textile industry.

Handa has since expanded its investment plan to roughly US$ 250 million after additional evaluations and with significant backing from Bangladeshi authorities.

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,” he said.

BIDA, BEZA and BEPZA officials said this is one of largest single Chinese investments in Bangladesh’s textile sector.

Chief Adviser Prof Yunus 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 said.

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 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 US$ 80 million in phase-1.

Phase 2 land and other facility finalization is now underway and should be completed by the end of 2025.

Attending the meeting were Principal Secretary Md. Siraj Uddin Miah, Executive Chairman of BIDA Chowdhury Ashik Mahmud bin Harun, Principal Coordinator for Sustainable Development Goals (SDG) Lamiya Morshed, Executive Chairman of BEPZA Abul Kalam Mohammad Ziaur Rahman, and President Heng Zeli of Handa Industries Ltd.