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FBCCI seeks Swiss investment for SMEs development

  • Published at 07:23 pm April 29th, 2014

Federation of Bangladesh Chamber of Commerce and Industries (FBCCI) has sought investment from Switzerland for the development of small and medium enterprises (SMEs) across the country.

FBCCI President Kazi Akram Uddin Ahmed made the call at a meeting with Swiss Ambassador to Bangladesh Christian Fotsch held on Monday in Dhaka.

Lauding the role of the Swiss Agency for Development & Cooperation (SDC) in improving employment conditions, promoting income generating activities and improving local governance in the country, he called upon the ambassador to sign a Memorandum of Understanding (MoU) between the FBCCI and National Chamber of Commerce & Industry of Switzerland in this regard.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), an apex trade organisation of the country, also stressed the need for further enhancing bilateral trade along with more investment, which is currently not significant enough.

In reply, Christian Fotsch said he would try to attract Swiss investors to invest in SMEs sectors in Bangladesh along with the large corporate sectors.

During the financial year 2012-2013, Bangladesh exported an amount of US$121.38m to Switzerland while imports were around $185m.

The meeting was also attended by the director of FBCCI Kazi Shahnewaz.