The Bangladesh Export Processing Zones Authority (BEPZA) has signed land lease agreements with two fully foreign-owned companies to establish new industrial units in the BEPZA Economic Zone (EZ). The companies will invest $70.66 million in light engineering and garment accessories manufacturing, creating employment opportunities for 1,105 Bangladeshi nationals and contributing to the country\u2019s industrial diversification and economic growth.<\/p>\n
The agreements were signed at the BEPZA Complex, Dhaka between BEPZA and DJ Copper Co, Ltd and GRX Technology (BD) Co, Ltd. Ashraful Kabir, member (Investment Promotion), signed on behalf of BEPZA, while Zhang Na, managing director of GRX Technology, and Zhang Junfeng, managing director of DJ Copper, signed for their respective companies, BEPZA said in a press release.<\/p>\n
The Bangladesh Export Processing Zones Authority (BEPZA) has signed land lease agreements with two Hong Kong\u2013China\u2013owned companies\u2014DJ Copper and GRX Technology\u2014to set up new industrial units in the BEPZA Economic Zone with a combined investment of $70.66 million.
\nThe projects will employ 1,105 Bangladeshis and boost light engineering and garment accessories manufacturing.<\/p>\n
During the ceremony, Major General Mohammad Moazzem, the executive chairman of BEPZA 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.<\/p>\n
He noted that foreign investors, especially from China, continue to place high confidence in BEPZA due to the longstanding bilateral relationship and the authority\u2019s consistent service standards. Moazzem encouraged the companies to begin construction promptly, taking advantage of the current dry season, and assured them of BEPZA\u2019s full cooperation and seamless support in all investment-related matters.<\/p>\n
Under the agreement,\u00a0GRX Technology, owned by Hong Kong\u2013China investors, will invest $20 million in garment accessories manufacturing such as zipper, YG slider, zinc alloy slider, button, snap button, logo, belt buckles. Their factory will be built on 14,400 sqm of land and employ 570 Bangladeshi workers.<\/p>\n
Meanwhile, DJ Copper, also owned by Hong Kong\u2013China investors, will invest $50.66 million to manufacture a wide range of light engineering and copper-based products. The company will develop its own factory building on 21,600 sqm of allotted land and employ 535 Bangladeshi workers.<\/p>\n
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Fibre2Fashion News Desk (RR)<\/p>\n
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