Bangladesh has secured another major foreign direct investment (FDI) commitment in its fast-growing garment accessories and textile technology sector, as Chinese RFID based firm Leaders Label Material (Bangladesh) Co. Ltd. moves forward with plans to invest up to $20 million at the Bangladesh Special Economic Zone (BSEZ).
According to official disclosures, the company has signed a land lease agreement with the Bangladesh Economic Zones Authority (BEZA), making it the 10th industrial enterprise to establish operations within the BSEZ, also known as the Japanese Economic Zone.
Under the agreement, Leaders Label Material (Bangladesh) has been allotted one hectare (10,000 square metres) of industrial land inside the zone. The company plans to develop its first manufacturing facility in Bangladesh, with construction scheduled to begin in the second quarter of 2026.
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Commercial operations are expected to commence following the installation of advanced production lines and RFID integration systems, positioning the facility as a technology-driven hub for smart garment accessories.
The proposed investment estimated between $15 million and $20 million highlights growing investor confidence in Bangladesh’s textile, apparel, and garment accessories ecosystem, particularly in high-value segments such as RFID-enabled tags and smart labels, Digital traceability and compliance solutions, Inventory management and data-enabled logistics etc.
Leaders Label Material (Bangladesh) is a wholly owned subsidiary of Huzhou Lingxian Silk Ribbon Co. Ltd. based in Zhejiang Province, China. The parent company is a globally active manufacturer of RFID (Radio-Frequency Identification) tags, smart labels, and apparel identification solutions, supplying leading international fashion, retail, and lifestyle brands.
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Industry analysts say the entry of a specialised RFID and label technology manufacturer is strategically significant for Bangladesh, as global buyers increasingly require End-to-end digital traceability, Compliance and sustainability transparency, Real-time data across apparel supply chains.
Local production of advanced labeling solutions is expected to reduce import dependence, lower lead times, and enhance Bangladesh’s competitiveness in the global apparel sourcing market.
Officials noted that the project is expected to generate skilled employment opportunities, promote technology transfer, and strengthen Bangladesh’s position in value-added garment accessories manufacturing a key priority as the country seeks to move beyond basic apparel production.
Developed as a government-to-government initiative between Bangladesh and Japan, the Bangladesh Special Economic Zone is designed to attract diversified industrial investment supported by modern infrastructure.
Managed by BEZA, the zone focuses on sustainable economic growth, industrial diversification and the promotion of high-value manufacturing through both foreign and domestic investment.
