Chinese garment manufacturing giant Handa Industries Limited has announced a significant investment of $150 million in Bangladesh's textile and garment industries.

The company will allocate $100 million to the textile and dyeing sector within a designated economic zone and an additional $50 million to the garment industry operating under an export processing zone.

Figure: During the MoU signing, Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of BIDA, and Heng Zeli, Chairman of Handa (Dhaka) Textile Co. Ltd, were present from the respective sides.

On 9^th April, the commitment was formalized at a ceremony in Dhaka where a Memorandum of Understanding (MoU) was signed between the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA) and Handa (Dhaka) Textile Company Limited.

During the MoU signing, Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of BIDA, and Heng Zeli, Chairman of Handa (Dhaka) Textile Co. Ltd, were present from the respective sides.

Over the years, following to the enterprise spirit of "innovation, integrity, honesty, customer first", after nearly 30 years, 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.

Handa Industries was established in 1995 and is recognized globally for its expertise in high-quality knit textiles, advanced dyeing processes, and garment preparation. This substantial investment is expected to significantly boost Bangladesh's textile and garment manufacturing capabilities and create new employment opportunities within the country.