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The Bangladesh Export Processing Zones Authority (BEPZA) has signed land lease agreements with two fully foreign-owned companies, paving the way for USD 70.66 million in fresh investment in the light engineering and garment accessories sectors.

The new investment—coming from Hong Kong–China-based DJ Copper Company Limited and GRX Technology (BD) Company Limited—will support industrial diversification and boost the country’s export-oriented production capacity, according to an official statement. The projects are expected to create jobs for 1,105 Bangladeshi workers.

Md Ashraful Kabir, Member (Investment Promotion) of BEPZA, signed the agreements on behalf of the authority. The managing directors of both companies, Zhang Na of GRX Technology (BD) and Zhang Junfeng of DJ Copper, signed for their respective firms. BEPZA Executive Chairman Major General Mohammad Moazzem Hossain was present during the signing.

Under the deal, DJ Copper Company Limited will invest USD 50.66 million to establish a facility on 21,600 square metres of land. The unit will produce copper-based and light engineering products such as wires, sheets, hardware, cable wires, zipper teeth, brass wires, and electronic accessories, employing 535 workers.

GRX Technology (BD) Company Limited will invest USD 20 million to set up a garment accessories manufacturing unit on 14,400 square metres. The factory will produce zippers, sliders, buttons, logos, belt buckles and other accessories, creating 570 jobs.

BEPZA officials said the new investments reinforce the zone’s growing appeal to global manufacturers and support Bangladesh’s broader goal of expanding export-focused industries.