Bangladesh Economic Zones Authority (BEZA) has formally handed over 12.5 acres of land in the National Special Economic Zone at Mirsarai, Chattogram to Chinese manufacturer China Lesso Group for a planned investment of $32.772 million.
The handover follows a lease agreement signed on 19 September 2024 for the site, where the company will produce a range of products including PVC pipes, PEX pipes, solar panels, sanitary ware, kitchen items, doors and windows, water purifiers, waterproofing materials, firefighting equipment, cables, lighting, environmental protection products and construction materials.
BEZA Executive Chairman Chowdhury Ashik Mahmud Bin Harun congratulated both sides, saying the move marked another step towards building an investment-friendly, innovative industrial environment. He expressed hope that the entry of China Lesso Group would encourage other firms to invest in the zone.
A representative of China Lesso Group said the project would prioritise not only financial returns but also the creation of a supply chain platform for eco-friendly products, renewable energy and related goods.
The company, which earned about $974 million in revenue in 2024 and employs around 20,000 people worldwide, has production centres in Indonesia, Cambodia, Thailand, Malaysia and the Philippines. As part of its expansion into Bangladesh, it will manufacture products locally for the domestic market.
Currently, about 15 industrial enterprises are operational in the National Special Economic Zone, with several others under construction. Built along a 25-kilometre stretch of the coastline, the country’s largest planned industrial hub integrates urban facilities alongside industrial installations.
According to BEZA, the investment is expected to generate new employment and further enhance the zone’s importance as a hub for manufacturing and exports.