Md Ashraful Kabir, Member (Investment Promotion), signed on behalf of BEPZA, while Zhang Na, Managing Director of GRX Technology (BD) Company Ltd, and Zhang Junfeng, Managing Director of DJ Copper Company Ltd, signed for their respective companies at the BEPZA Complex in Dhaka on Monday. The Bangladesh Export Processing Zones Authority (BEPZA) signed land lease agreements with two fully foreign-owned companies to establish new industrial units at the BEPZA Economic Zone, marking an inflow of USD 70.66 million in the light engineering and garment accessories sectors, report agencies.
The investment, from Hong Kong-China-based DJ Copper Company Limited and GRX Technology (BD) Company Limited, is expected to create employment opportunities for 1,105 Bangladeshi nationals while supporting diversified industrial growth and strengthening the country's export-oriented production base.
The agreements were signed between BEPZA and DJ Copper Company Ltd, and GRX Technology (BD) Company Ltd at the BEPZA Complex in Dhaka on Monday.
Md Ashraful Kabir, Member (Investment Promotion), signed on behalf of BEPZA, while Zhang Na, Managing Director of GRX Technology (BD) Company Ltd, and Zhang Junfeng, Managing Director of DJ Copper Company Ltd, signed for their respective companies.
BEPZA Executive Chairman Major General Mohammad Moazzem Hossain witnessed the signing ceremony.
Under the agreements, DJ Copper Company Limited will invest USD 50.66 million to produce light engineering and copper-based products, including wires, sheets, hardware, cable wires, zipper teeth, brass wires, and electronic accessories, on 21,600 square metres of land, employing 535 workers.
GRX Technology (BD) Company Limited will invest USD 20 million to manufacture garment accessories such as zippers, sliders, buttons, logos, and belt buckles on 14,400 square metres, creating 570 jobs.
The Executive Chairman thanked the investors for choosing Bangladesh-particularly BEPZA Economic Zone- as their preferred investment destination. He said that BEPZA has earned a strong global reputation for providing a secure, business-friendly, and efficient investment environment.
He noted that foreign investors, especially from China, continue to place high confidence in BEPZA due to the longstanding bilateral relationship and the authority's consistent service standards.
The company will develop its own factory building on 21,600 sqm of allotted land and employ 535 Bangladeshi workers.
The signing ceremony was attended by Abdullah Al Mamun, Member (Engineering); ANM Foyzul Haque, Member (Finance); Samir Biswas, Executive Director (Admin); Mohammad Anamul Haque, Project Director (BEPZA EZ); ASM Anwar Parvez, Executive Director (Public Relations), along with senior officials of BEPZA, and representatives of the two companies.
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