• Sunday, Nov 28, 2021
  • Last Update : 11:15 am

Conducive business environment key to more Chinese investment

  • Published at 09:05 pm January 26th, 2021
BIDA SCB webinar Bangladesh China investment

Bangladesh is in a much better position now in South Asia to woo more Chinese investment, says planning minister

Bangladesh is a golden destination for potential Chinese investors, said experts on Monday.

Bangladesh Investment Development Authority (BIDA) organised a webinar titled "Showcase Bangladesh 2021: Bangladesh China Investment summit" in collaboration with Standard Chartered Bank, which highlighted Bangladesh as an attractive investment destination, along with its achievement in the GDP, demographic dividend and increased FDI inflow, said a press release.

Planning Minister MA Mannan asked Chinese businesses to invest more in Bangladesh for mutual benefits.

Terming China as a big contributor, the minister said Bangladesh is in a much better position now in South Asia to woo more Chinese investment.

"We are completely open to cement further friendship ties with China," he said, and added that Bangladesh can reap optimum benefits of its friendship with China, which is currently not merely a big economy but also a driving force of the world economy.

Li Jiming, the Chinese ambassador to Bangladesh, encouraged Chinese companies to invest in Bangladesh and urged the Bangladesh Bank to consider introducing the Chinese yuan as a trading currency.

Bangladesh has now a stable currency and economy to attract more foreign investment, said Salman F Rahman, private industry and investment adviser to the prime minister.

"As China is our big partner we have always special attention for the Chinese investment," he added.

Presenting a paper titled "Bangladesh-- we nurture your investment dreams" at the webinar, Md Sirazul Islam, executive chairman of BIDA, urged the Chinese investors to participate in the "Bangladesh Investment Summit" which is to be held in July.

"The Bangladeshi government assures you all necessary support for starting and operating your business in Bangladesh," he added.

Paban Chowdhury, executive chairman of Bangladesh Economic Zones Authority, said they are currently developing one of the biggest economic zones of the country while the existing 28 have received $1 billion in investment from Chinese investors alone.

"We believe this will further pave the way for other foreign investors," he added.

Sheikh Fazle Fahim, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said Bangladesh managed the Covid-19 crisis very well. The country ensures multimodal connectivity, including riverways.

Naser Ezaz Bijoy, chief executive officer of Standard Chartered Bangladesh, said: "As Chinese firms seek new ports-of-call to expand integration to global value chains, Bangladesh-China partnerships hold a unique promise: deep ties and familiarity of centuries, but new and untapped opportunities."

Facebook 51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail