Chinese manufacturers optimistic on investing in Bangladesh

BDApparelNews Desk
24 May 2019  

Foreign Minister AK Abdul Momen making his presentation before the Chinese Manufacturers Association (CMA) at foreign ministry on May 23, 2019. Photo Courtesy: PID

Foreign Minister AK Abdul Momen making his presentation before the Chinese Manufacturers Association (CMA) at foreign ministry on May 23, 2019. Photo Courtesy: PID

Chinese manufacturers have shown optimism about investing in Bangladesh, the country that is offering liberal policies for foreign investors at its 100 special economic zones (SEZs).

They conveyed the optimism at a a seminar-meeting to explore ‘Trade and Investment Opportunities in Bangladesh’ at the Ministry of Foreign Affairs in Dhaka on May 23, 2019. Foreign Minister AK Abdul Momen briefed them, says a release of the foreign ministry.

It was a 28-member delegation of Chinese Manufacturers’ Association (CMA), Hong Kong, led by Dennis NG, president of the association, that met the foreign minister in presence of executive heads of BIDA, BEZA, BEPZA, Hi-Tech Park, and Public Private Partnership Authority.

Foreign Minister Abdul Momen highlighted the pro-business, trade and investment friendly climate of Bangladesh. He also highlighted different investment and trade entitlement and facilities provided by the government to the foreign investors like low cost of gas, electricity, water, economic zones, and demographic dividend.

He added that recent stable economic growth and the strong growth projections in the coming decade by a number of world’s reputed organisations has turned Bangladesh as one of the attractive destinations for investment in the present time.

Minister Momen also highlighted that the government is now following ‘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.

Executive heads of BIDA, BEZA, BEPZA, Bangladesh Hi-Tech Park Authority, and Public Private Partnership Authority made presentations before the visiting delegates to apprise them business opportunities available in Bangladesh to foreign investors.

Delegates from CMA showed interest and expressed their optimism about investment in Bangladesh. They said they will visit some already running factories established by Hong Kong in Bangladesh. On May 25, 2019 the delegation will also participate in a business matching seminar with local business counterparts.