Handa Industries Limited, a renowned China-based apparel manufacturing company specialising in high-quality knitted textiles, dyeing processes, and garments on a global scale, is set to invest $150 million in Bangladesh.

Of the total investment, $100 million will be allocated to the textile and dyeing sectors within an economic zone, while the remaining $50 million will be directed towards the garment industry within an export processing zone, according to a press release.

Chowdhury Ashik Mahmud Bin Harun, executive chairman of the Bangladesh Investment and Development Authority (Bida) and the Bangladesh Economic Zones Authority (Beza), and Heng Zeli, chairman of Handa (Dhaka) Textile Company Ltd, signed a memorandum of understanding (MoU) to this effect on the third day of the Bangladesh Investment Summit at the InterContinental Dhaka today.

Other senior officials from both organisations were also present.