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 ($200 million).
The agreement was recently signed in Dhaka in the presence of senior officials from both organizations. Under the partnership, the two companies will collaborate on long-term investments, technology transfer, production capacity enhancement, and business expansion across several high-potential sectors.
The initial investment phase will focus on industries including air conditioners, home appliances, electric vehicles (EVs), lithium batteries, solar energy, and modern 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, along with other senior executives. Speaking at the event, Kou Huili praised Bangladesh’s strong economic growth and investment-friendly environment, noting that the country’s expanding consumer market presents significant opportunities for foreign investors. She also indicated that the investment volume could be increased in the future based on project performance and market conditions.
Industry observers believe the partnership will help introduce international-standard manufacturing systems, accelerate the adoption of advanced and environmentally friendly technologies, and create substantial employment opportunities. The initiative is also expected to strengthen economic and industrial cooperation between Bangladesh and China.
