3 multinational companies interested increasing investment in BD

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3 multinational companies interested increasing investment in BD

Three foreign businesses have indicated that they would like to increase their investment in Bangladesh. These include the Chinese clothing manufacturer Handa Industries, the cement manufacturer LafargeHolcim, and the Spanish retailer Inditex.

Ashiq Chowdhury, Executive Chairman of the Bangladesh Investment Development Authority (BIDA), made the news during a press conference on Wednesday, April 9, the third day of the four-day “Bangladesh Investment Summit-2025” in Dhaka.

He said that the Chinese Commerce Minister is planning to visit Bangladesh next month with about 200 potential investors, which will positively impact the country’s investment prospects.

More than 550 investors and company representatives from 50 countries around the world participated in the BIDA-organized summit, which began on Monday (April 7). The last day of the summit is today, Thursday (April 10).

Ashiq Chowdhury said at the press conference that Handa Industries wants to invest a total of $150 million in Bangladesh. Of this, $100 million will be invested in the textile and dyeing sector in the economic zone and $50 million in the garment industry in the export processing zone. To this end, a Memorandum of Understanding was signed between BIDA and Handa (Dhaka) Textile Company today.

In addition, high-level officials of Inditex and Holcim Group met with Chief Advisor Professor Muhammad Yunus. Inditex said in the meeting that they consider Bangladesh as an important supplier country and want to further increase imports of products from here. On the other hand, Holcim Group informed about its plans to increase its investment in Bangladesh and launch a carbon capture project.

The chairman of DP World, a port and logistics firm located in Dubai, Sultan Ahmed bin Sulayem, also met with the chief advisor, according to the BIDA chairman. He indicated that he would like to invest in Chittagong’s New Mooring Container Terminal.

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