Malaysian sunset industries can be relocated to Bangladesh: Mahathir

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Former Malaysian Premier Mahathir Mohammad urged the Malaysian entrepreneurs to relocate their labour-intensive sunset industries to Bangladesh for the mutual benefits of both the nations, reports UNB.
He made the call while addressing a dinner party organised Saturday as part of Bangladesh's single country trade show titled 'Showcase Bangladesh 2010' in Kuala Lumpur, according to a message received in Dhaka Sunday.
Bangladesh-Malaysia Chamber of Commerce & Industry (BMCCI) and Bangladesh High Commission in Malaysia jointly organised the three-day exposition at the Putra World Trade Centre from Friday.
"There is an ample scope for enhancing trade and economic ties between the two countries," Dr Mahathir said.
Mahathir expressed his satisfaction at the economic relation between Bangladesh and Malaysia, and hoped it would be expanded in the days to come.
Dr Mahathir, the architect of modern Malaysia, said Bangladesh needed political stability and pursuance of realistic development strategies to achieve economic progress.
Sharing his vision in modernising Malaysia, he said massive industrialisation, which ensured job and economic sustainability, was the springboard for high degree of socio-economic progress in his country.
Bangladesh State Minister for Environment and Forest Hasan Mahmud and business leaders from both the countries were present at the function.
Meanwhile, the exhibition of Bangladesh products continued drawing a significant number of visitors.
Business houses representing ceramics, leather, jute, energy, food, consumer products, textile and banking institutions are participating in the fair.