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Chinese firm Leaders Label to invest $20m in BSEZ
In a significant move to bolster the country’s textile and garment accessories sector, Leaders Label Material (Bangladesh) Co. Ltd. today signed a land lease agreement with the Bangladesh Special Economic Zone (BSEZ).
The agreement, finalized at the BEZA conference room, marks the 10th institution to secure a spot within the zone, said a press release.
Leaders Label Material (Bangladesh) is a subsidiary of the Chinese firm Huzhou Lingxian Silk Ribbon Co. Ltd., based in Zhejiang Province.
The company is globally recognized for its expertise in Radio-Frequency Identification (RFID) solutions, tags, and labels, serving international apparel and retail giants.
By choosing the BSEZ for its first production facility in Bangladesh, the company cited the zone's strategic location, modern infrastructure, and investment-friendly environment.
The company has been allocated one hectare (10,000 square meters) of land to build its facility. Construction is scheduled to commence in the second quarter of 2026.
The project involves an estimated initial investment of US$15 million to $20 million, which officials view as a strong signal of long-term investor confidence in the BSEZ.
The establishment of this factory is expected to yield several key benefits for the national economy, including technology transfer, job creation and global integration.
The BSEZ, frequently referred to as the Japanese Economic Zone, is a landmark government-to-government (G2G) initiative between the governments of Bangladesh and Japan.
Managed under the Bangladesh Economic Zones Authority (BEZA), the zone aims to diversify industrial production, attract both local and Japanese investment, and alleviate poverty through sustainable economic growth, reports BSS.