Hong Kong-Based Handa Announces $250 Million Investment in Bangladesh

On Tuesday, July 29, 2025, Hong Kong-based textile and apparel company Handa Industries Limited announced a $250 million investment in Bangladesh. 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.

Initially, Handa planned to invest $150 million in Bangladesh’s textile sector and signed a memorandum of understanding with relevant authorities during an investment conference in April. Due to strong support from various Bangladeshi government agencies, Handa has increased its investment plan to $250 million. The company will establish three factories in Bangladesh—two for garment processing and one for knitting and dyeing—expected to create employment opportunities for 25,000 people.

Han Chun stated, “Discussions with officials from agencies like BIDA (Bangladesh Investment Development Authority), BEZA (Bangladesh Economic Zones Authority), and BEPZA (Bangladesh Export Processing Zones Authority) have given us confidence to increase our investment.” He added, “We aim to bring cutting-edge technology to Bangladesh’s garment and textile industry through our projects.” Officials from BIDA, BEZA, and BEPZA noted that this is one of the largest single Chinese investments in Bangladesh’s textile sector. Chief Adviser Professor Muhammad Yunus welcomed Handa’s investment plan, urging the company to lead Chinese investment in the sector and encourage other Chinese investors to invest in Bangladesh. He also called for training Bangladeshi designers to align with global buyers’ preferences. Han Chun presented a design of a factory to be established in the Mirsarai Economic Zone. The Chief Adviser, upon reviewing the design, remarked, “It looks like a beautiful piece of artwork to me.” The first phase of the investment, worth $80 million, will see a land lease agreement for a garment factory in Mirsarai signed on Wednesday. The second phase, involving 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.