Dhaka: Handa Industries Limited, a renowned China-based apparel manufacturing company, is set to invest $150 million in Bangladesh, focusing on the production of knitted textiles, dyeing processes, and apparel on a global scale. The investment will be divided, with $100 million allocated to the textile and dyeing sectors within the economic zone and $50 million directed towards the garments industry under the export processing zone.
According to Bangladesh Sangbad Sangstha, a Memorandum of Understanding (MoU) was signed at a hotel in the city by Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of BIDA, and Heng Zeli, Chairman of Handa (Dhaka) Textile Co., Ltd. This agreement marks Handa Industries Limited’s commitment to investing in the garments industry and textile sectors in Bangladesh, aiming to promote foreign direct investment and strengthen the economic relationship between China and Bangladesh.
Handa Industries, a wholly-owned limited liability company based in China, has been a key player in the full industrial chain of textile and apparel production. With a history of nearly 30 years, the company has evolved from a small enterprise to a robust entity with a comprehensive industrial chain. Operating marketing centers and production bases in China, Japan, the United States, Southeast Asia, Africa, and other locations, Handa Industries employs more than 10,000 people and boasts an annual turnover exceeding $300 million.
Established in 1995, Handa Industries has multiple subsidiaries dedicated to research and development in weft knitted fabrics, dyeing and finishing of knitting, garment design, and production. The company continues to create value for its customers and the community, adhering to its enterprise spirit of “innovation, integrity, honesty, customer first.”