• Wednesday, December 11, 2019

Bangladesh government urges Chinese entrepreneurs to investment in the country’s economy.

Discussion in 'Central & South Asia' started by beijingwalker, May 24, 2019.

  1. beijingwalker

    beijingwalker ELITE MEMBER

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    Chinese entrepreneurs urged to invest more in Bangladesh’s economy
    Niaz Mahmud
    • Published at 09:39 pm May 23rd, 2019
    [​IMG]
    Foreign Minister AK Abdul Momen speaks at a dialogue at the Ministry of Foreign Affairs on Thursday, May 23, 2019 Rajib Dhar/Dhaka Tribune

    Chinese entrepreneurs urged to invest more in Bangladesh’s economy

    Bangladesh government has urged Chinese entrepreneurs to investment in the country’s economy.

    It was said during a dialogue titled “Trade and Investment Opportunities in Bangladesh” held at the Ministry of Foreign Affairs on Thursday.

    A 28-member delegation of Chinese, led by Hong Kong based Chinese Manufacturers’ Association (CMA) president Dr Dennis WP NG took part in the dialogue.

    Ministry of Foreign Affairs and Bangladesh Investment Development Authority (BIDA) jointly organized it.

    Foreign Minister Dr AK Abdul Momen was present as the chief guest there.

    Executive Chairman of BIDA Kazi M Aminul Islam and Bangladesh Economic Zones Authority (BEZA) Executive Chairman Paban Chowdhury were present at the time, among others.

    Representatives of the government said, Bangladesh is a winning combination of privileged market, with access to business-friendly environment and competitive cost structure that can give best returns.

    They invited the entrepreneurs to invest in manufacturing sector of the country.

    At the program, BIDA, BEZA, Bangladesh Export Processing Zones Authority (BEPZA), the Public-Private Partnership Authority (PPPA) and the Hi-Tech Park Authority (HTPA) presented separate presentations to invite investment in the country.

    The foreign minister said: “Bangladesh offers well-educated, highly adaptive and industrious workforce with the lowest wages and salaries in the region.”

    “Explore Bangladesh’s potentials, if you want to make money then invest here,” Momen added.

    Besides cheap labour, Momen said Bangladesh has a vast local market with 160 million population to consume various goods.

    “You will make money, in return Bangladesh will get more employment opportunities, it will be a win win situation,” the foreign minister further added.

    He also urged the Chinese investors to explore various potentials of Bangladesh so that they can decide which sector will be beneficial for them.

    Momen also said: “Bangladesh is looking forward to get huge foreign investments and trying to diversify its trade basket to achieve desired development goals set by Prime Minister Sheikh Hasina turning the country into a developed one.

    In 2018, Bangladesh received a record $3.61 billion as Foreign Direct Investment (FDI), up by 67.94% more than in 2017. While China became the leading investor in the country with $1.03 billion.

    The power sector alone had attracted investments worth $1.01 billion, where China contributed $834 million, followed by $730 million in the food sector, and $430 million in the textile sector.

    The foreign minister also assured the fact that under the leadership of Prime Minister Sheikh Hasina, Bangladesh is politically most stable country in the region and her government shows zero tolerance policy to any disruptive activities in the country that can affect business or otherwise.

    He reassured of full support to foreign investors from the government.

    https://www.dhakatribune.com/busine...-urged-to-invest-more-in-bangladesh-s-economy
     
  2. TopCat

    TopCat ELITE MEMBER

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    They are mostly Hongkong business people and will probably want to invest in textile sectors.