Handa Industries plans $250 million investment, three new factories in BangladeshHong Kong-based textile and garment manufacturer Handa Industries has announced plans to invest $250 million in Bangladesh. The statement said Handa initially planned to invest $150 million in the country’s textile sector. “Following a fresh assessment and with strong support from the Bangladesh government, Handa has decided to increase the investment to around $250 million,” the statement read. The CAO said the company has now decided to set up three factories in Bangladesh -- two for garment processing and one for knitting and dyeing. “We decided to increase our investment as we got confidence after talks with the officials of the government agencies including BIDA (Bangladesh Investment Development Authority), BEZA (Bangladesh Economic Zones Authority) and BEPZA (Bangladesh Export Processing Zones Authority)” said Han.
