A Chinese-backed manufacturer has signed a land lease agreement to establish an industrial unit at the Bangladesh Special Economic Zone, marking another step in the development of the government-to-government industrial hub.
The Bangladesh Economic Zones Authority, operating under the Office of the Chief Adviser, signed the agreement with Leaders Label Material (Bangladesh) Co Ltd at the BEZA Conference Room on 13 January. The deal aims to facilitate the establishment of an industrial facility within the Bangladesh Special Economic Zone, commonly known as BSEZ.
With the latest signing, lease agreements have now been concluded with 10 companies in the Bangladesh Special Economic Zone, according to the press release.
Leaders Label Material Bangladesh is an affiliate of Huzhou Lingxian Silk Ribbon Co Ltd, a company based in Huzhou city in China’s Zhejiang province. The group is known globally for producing tags, labels and RFID solutions and has long supplied international apparel, textile and retail brands.
The company has built its reputation on advanced manufacturing capabilities and innovation-driven operations, supplying products that support traceability, branding and supply chain management for global clients.
Leaders Label Material selected the Bangladesh Special Economic Zone for its first manufacturing facility in Bangladesh, citing the zone’s strategic location, modern infrastructure and investment-friendly environment. Under the agreement, the company has been allocated 1 hectare, equivalent to 10,000 square metres of land within the zone.
Construction of the industrial facility is planned to begin in the second quarter of 2026. The proposed project is expected to involve an initial investment of approximately $15 million to $20 million, reflecting what the company described as its long-term commitment to Bangladesh and confidence in the Bangladesh Special Economic Zone.
The factory is expected to support technology transfer, generate new employment opportunities and strengthen Bangladesh’s integration into global value chains, particularly in the readymade garments and textile accessories sector. The project aligns with the zone’s longer-term strategy of attracting environmentally friendly, export-oriented and high-value industries.
The Bangladesh Special Economic Zone, also known as the Japanese Economic Zone, is a government-to-government initiative jointly established by the governments of Bangladesh and Japan. It is operated under the supervision of the Bangladesh Economic Zones Authority as part of broader Bangladesh–Japan bilateral economic cooperation.
The project aims to facilitate diversified industrial development to support sustainable economic growth, attract Japanese and local investment, and promote employment generation as a means of reducing poverty, achieving balanced economic development and improving living standards.
According to the press release, the development of the Bangladesh Special Economic Zone has already contributed to noticeable socio-economic improvements and increased employment in surrounding areas. Local support for the project is expected to further accelerate its progress.
