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Germany seeks to have more investment in Bangladesh

Discussion in 'Bangladesh Defence Forum' started by Black_cats, Jan 25, 2019.

  1. Black_cats

    Black_cats SENIOR MEMBER

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    Germany seeks to have more investment in Bangladesh
    Senior Correspondent, bdnews24.com

    Published: 25 Jan 2019 01:44 AM BdST Updated: 25 Jan 2019 01:44 AM BdST

    https://bdnews24.com/economy/2019/01/25/germany-seeks-to-have-more-investment-in-bangladesh
    • [​IMG]

    German Ambassador to Bangladesh Peter Fahrenholtz has expressed interest in deepening bilateral relations on issues such as trade and investment, Rohingya crisis, migration, SMEs and skills development and climate change.

    He met Foreign Minister AK Abdul Momen at his ministry in Dhaka on Thursday.

    The foreign ministry said he sought to have more German investments in Bangladesh in the coming days.

    He congratulated Momen on his assuming the responsibility and expressed “firm commitment to move forward with bilateral and multilateral engagements on issues of mutual interests”.

    Momen stressed “stability, growth and increased welfare for the common people” under the leadership of Prime Minister Sheikh Hasina.

    The foreign minister termed Germany a ‘natural friend’ and expressed deep appreciation and gratitude for the long-standing and comprehensive support from Germany in the socio-economic development of Bangladesh.

    He also invited more German investment.

    Momen thanked the ambassador for agreeing to incorporate ‘SMEs and skills/vocational training’ as the new thematic focus of future bilateral development cooperation.

    He thanked Germany for extending full support for the Rohingya crisis, and sought intensified efforts from the international community so that the Rohingyas could go back to their ancestral homeland in safety and dignity.

    The ambassador expressed deep appreciation for the ‘very successful’ engagements and cooperation between the two countries in the area of migration, which is a priority for German Chancellor Angela Merkel’s government.
     
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  2. Foxtrot Delta

    Foxtrot Delta SENIOR MEMBER

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    Germany too! Everyone is going bonkers to invest in bangladesh!
     
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  3. Retired Troll

    Retired Troll ELITE MEMBER

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    Grösse Fehler.
     
  4. Bilal9

    Bilal9 ELITE MEMBER

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    Well error or not, this is reality.

    Money talks.

    Many Pakistani entrepreneurs had realized this themselves some 20 years ago, and moved their home-textile manufacturing to Bangladesh.

    On a more relevant note,
    1. Bangladesh Govt. should ask the GTZ (German technical agency) to bring in more German industrial experts from the Mittelstand companies and pay them, for a change - especially for training in industries like Shipbuilding and Light engineering. It should reach out to Italian, French govts. (for shipbuilding technology JV's) and Czech govt.(for lathe machining technology JV's) as well.
    2. Bangladesh Govt. should go on a shopping spree for refurbished older German, Swiss or generally European machinery (forges and older generation manual machining equipment) on a mass scale and set them up all over Bangladesh with easy-term Bank-loans. A lot of this equipment is sitting in European warehouses looking for a great home, like in Bangladesh.
    These two factors will uplift the weak engineering sector and re-vitalize the hand tools export businesses.

    And these measures aren't pipe-dreams. A lot of it is already happening in KeraniGanj, Jinjira and Dholaikhal areas around Dhaka.
     
    Last edited: Jan 26, 2019
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