• Sunday, Oct 24, 2021
  • Last Update : 04:13 pm

BGMEA president calls for Canadian investment in Bangladesh

  • Published at 08:17 pm September 18th, 2021
BGMEA CN

He highlighted the prospect of investment in different potential sectors including high value-added and non-cotton textiles along with others.

BGMEA President Faruque Hassan has invited Canadian businessmen to make investments in Bangladesh, taking the advantage of an attractive and investment-friendly environment in the country, according to a press release.

Bangladesh is no longer a country of poverty and natural calamities. 

Rather the country has been able to secure a prestigious position as a role model of development in the world with its consistent and remarkable economic growth and development performance.

Faruque Hassan made the remark while addressing a reception accorded to him by the Bangladesh Business Chamber of Canada in Canada recently.

HM Iqbal, president of Bangladesh Business Chamber of Canada, chaired the reception program which was also attended by Nayem Uddin Ahmed, Consul General, Consulate General of Bangladesh in Toronto and Bgmea Director Abdullah Hil Rakib.

Faruque Hassan also encouraged non-resident Bangladeshis including those living in Canada, to promote the “Made in Bangladesh” brand in their countries of residence.

“NRBs living in Canada can play an important role in promoting the interests of Bangladesh from their respective positions, especially by those having influential positions in their countries of residence,” he added.

The BGMEA president highlighted the prospect of investment in different potential sectors including high value-added and non-cotton textiles along with others. 

There are high potential areas for investment in man-made fibre based yarns and fabrics, functional fabrics like polyester, viscose, spandex, mélange, as he encouraged investment in high-end apparel items.

Apart from textiles, there are huge investment opportunities in other sectors which can substitute imports and complement industries in Bangladesh like spare parts, textile machinery, even light engineering, jute, leather, pharmaceuticals, ceramics and shipbuilding. 

“The ICT sector is also a high potential sector for investment in Bangladesh,” he said.

“Economic viability, the purchasing power of people, demographic dividend and ecosystem are in favour of investment in Bangladesh,” he added.

 


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