Handa Industries to invest $250mn in BD textile sector, creating 25,000 jobs
Published At: July 30, 2025Handa Industries Co, a Hong Kong-based textile and apparel chain, has announced a significant investment of USD 250 million in Bangladesh’s textile sector, marking one of the largest Chinese investments in the country’s RMG and textile value chain to date.
The announcement was made by Handa Co-Chairman Han Chun during a meeting with Chief Adviser Professor Muhammad Yunus at the state guest house Jamuna yesterday on (29 July).
at the State Guest House Jamuna on July 29, 2025. Courtesy: Collected.
Handa had initially committed to a USD 150 million investment during the Bangladesh Investment Summit held in April 2025, but later revised its plans following more extensive assessments and strong engagement with Bangladeshi authorities.
Buoyed by the support from key government agencies—namely the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), and Bangladesh Export Processing Zones Authority (BEPZA)—the company has now increased its investment plan to USD 250 million.
As part of the plan, Handa Industries will establish three advanced manufacturing facilities in Bangladesh: Two garment processing factories and one integrated knitting and dyeing unit.
“We decided to increase our investment as we gained confidence after extensive discussions with officials from BIDA, BEZA, and BEPZA,” said Han Chun. “Bangladesh has proven to be a promising and supportive destination for global textile manufacturing.”
The industrial expansion is expected to generate employment for over 25,000 people across various segments of the textile value chain.
The Chief Adviser warmly welcomed Handa’s investment plan and praised the company’s leadership in strengthening Chinese investment in Bangladesh’s textile sector. “You are taking the lead in Chinese investment in Bangladesh’s garment industry. We hope this initiative will encourage other Chinese investors to explore similar opportunities here,” he said.
As part of its Phase 1 expansion, Handa Industries is set to sign a land lease agreement on 30 Juky for a garment factory in the Mirsarai Economic Zone, with an initial investment value of USD 80 million.
Officials from BIDA, BEZA, and BEPZA acknowledged the scale of the project, calling it a milestone in Bangladesh-China economic collaboration. The investment is anticipated to further diversify Bangladesh’s industrial base, upgrade its manufacturing capabilities, and strengthen the country's position in the global textile supply chain.
Designs for the facility were also shared with the chief adviser during the meeting. The remaining components of Phase 2—including land finalisation and additional infrastructure—are expected to be completed by the end of 2025.
Handa Industries’ move reflects growing confidence among international investors in Bangladesh’s economic zones and industrial policies, particularly within the textile and apparel sectors, which remain the backbone of the country’s export economy.
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