Simplex Corporation Ltd has signed a Memorandum of Understanding (MoU) with H&V Overseas HK Limited, an affiliate of China’s Everbright Group, to support industrial transformation and sustainable manufacturing in Bangladesh through an initial investment of approximately Tk 2,500 crore (US$200 million).
The agreement was signed in Dhaka in the presence of senior representatives from both organizations. Under the partnership, the companies will collaborate on long-term investments, technology transfer, production capacity enhancement, and business expansion across several high-growth industrial sectors.
The first phase of investment will focus on the manufacturing and development of air conditioners, home appliances, electric vehicles (EVs), lithium batteries, solar energy solutions, and advanced electrical and electronic products.
The signing ceremony was attended by Md. Anwarul Islam, Managing Director of Simplex Corporation Ltd, and Kou Huili (Coco), Vice President of the Investment Department at Everbright Financial Holding Capital (Beijing) Company Limited, alongside senior executives from both sides.
Speaking at the event, Kou Huili highlighted Bangladesh’s strong economic momentum and increasingly favorable investment climate, describing the country as an attractive destination for foreign investors. She noted that Bangladesh’s growing consumer market offers substantial opportunities for industrial investment and indicated that the scale of investment could be expanded in the future, subject to project performance and market developments.
Industry stakeholders view the partnership as a significant step toward strengthening Bangladesh’s manufacturing capabilities through the introduction of international-standard production systems and advanced, environmentally sustainable technologies. The initiative is also expected to generate considerable employment opportunities, enhance local industrial competitiveness, and support the country’s transition toward a greener and more technology-driven manufacturing sector.
The collaboration is anticipated to further deepen economic and industrial cooperation between Bangladesh and China while contributing to Bangladesh’s broader goals of industrial modernization, sustainable growth, and export diversification.
