BIDA secures over $400m dollars in overseas investment

BIDA secures over $400m dollars in overseas investment
Picture: Collected

Online Desk

Published: 2026-07-23 17:08:37

Updated on: 2026-07-23 17:15:01

Overseas investor confidence in Bangladesh has received a significant boost after national authorities converted well over 400 million dollars in prospective deals into active industrial projects.

The Bangladesh Investment Development Authority (BIDA) confirmed that the capital flowed from an initial 1.5 billion dollar investment pipeline introduced in 2025.

The agency tracked 70 potential investors across 20 nations, with the largest volume of capital originating from Turkey, China, Singapore, the Netherlands, and South Korea.

Official figures indicate that the initiative achieved a conversion rate above 15 per cent, exceeding international benchmarks for turning preliminary interest into formal execution.

Among the largest commitments, Hong Kong-based manufacturer Handa Industries doubled its planned investment to 300 million dollars following joint support from national investment and economic zone authorities.

The Handa development is projected to create 25,000 jobs across two stages, beginning with an 80 million dollar garment plant at Mirsarai and followed by a 220 million dollar textile complex in Keraniganj.

Chinese industrial firms have also secured a prominent footprint in the country's economic zones.

Hengli Group, operating through its subsidiary Lead Bangladesh Textile Technology Company, is directing 35 million dollars towards an automated textile facility in Araihazar.

Meanwhile, China's Lesso Group has finalised a 32 million dollar investment in Chattogram to manufacture PVC pipes, solar panels, and sustainable building materials.

Capital inflows have extended into the financial and commercial sectors as well.

Sri Lankan firm Softlogic Life Insurance acquired a 60 per cent share in Diamond Life Insurance for 1.9 million dollars to introduce automated underwriting systems.

Malaysian retailer MR DIY expanded its presence to more than 17 retail stores across major cities with regulatory backing from central banking authorities.

In export diversification, amenity producer Megarich committed 15 million dollars to establish production facilities outside the traditional readymade garment sector.

Development officials confirmed that these projects will accelerate technology transfers and reduce national reliance on imported goods across critical industries.

The investment authority now aims to build a further 1.5 billion dollar deal pipeline by the end of 2026 through specialised sector teams.