UK investments sought in fields of energy, gas, infrastructure

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FE Report
The country's apex trade body urged Monday the visiting delegation of the British Bangladesh Chamber of Commerce (BBCC) to invest in areas of energy, gas and infrastructure development.
"We need investment in energy, gas and infrastructure development to help the country attain the middle-income status by 2021," said Annisul Huq, president of the Federation of Bangladesh
Chambers of Commerce and Industry (FBCCI).
The visiting delegation and FBCCI leaders were exchanging views at the FBCCI office in the city.
The FBCCI chief urged the British businesspeople to set up modern catering and packaging facilities and offer air-cargo service for Bangladeshi products being exported to Britain.
"The demand for catering facilities is rising in the country," he added.
The FBCCI president said the global recession could not affect Bangladesh economy. "Even Bangladesh can achieve the targeted growth rate this fiscal."
The FBCCI president said: "You can also invest in transport and other sectors to improve the city's nagging traffic situation."
Non-resident British entrepreneurs could work with partners here utilising the vast natural resources and the skilled and semi-skilled workforce available in the country.
On the other hand, the visiting team expressed their interest in the shipbuilding and real estate sectors.
Shahagir Bakth Faruk, president of the BBCC leading the team, said: "Our team members are now interested to invest in shipbuilding and real estate sectors."
Mr. Shahagir Bakth said Bangladesh is now moving forward with a group of people attaining the capacity to spend on up-market goods.
"The change now taking place in Bangladesh is really significant and inspiring us to explore the investment opportunities."
Bakth assured that they would consider the proposals of setting up catering facilities and offering cargo service between Dhaka and London.
The meeting also discussed regular exchange of business delegations from both sides.
Kevin Ringham, director of Trade and Investment of the British High Commission, also addressed the meeting.
FBCCI directors M A Rouf Chowdhury, Abdul Matlub Ahmad Obaidur Rahman and Managing Partner of Asian Tiger Ifty Islam also spoke at the function.