$30m proposed to invest in apparels
Wednesday, 8 December 2010
FE Report
A Sino-Japanese investment team proposed Tuesday to put US$30 million (3 crore) into Bangladesh's booming apparel industry.
The team also showed its interest to transfer "smart" grid technology to the country-part of its plan to develop energy and information technology sectors of Bangladesh.
The joint-delegation unveiled the investment plan when it met with industries minister Dilip Barua at his office in the city.
The team expressed its satisfaction over the existing environment of investment in Bangladesh and said they are determined to invest in power sector too.
Mr Barua said, the government announced the national industrial policy 2010 with a view to building an industrialised, middle income nation by 2021.
"Domestic and foreign investors will get different facilities including tax holiday, and credit in Bangladesh," he told the delegation.
The minister said, "The main object of the government is to develop a sustainable power sector. And we're giving highest priority to investment in power sector." "Invest here without any hesitation."
He said shipbuilding, IT, plastic, leather and agriculture sectors have been identified as thrust sectors in the National Industrial policy 2010.
Chinese and Japanese entrepreneurs can come forward to investing in these sectors and the ministry would provide all sorts of logistic support, Mr Barua said.
The team comprises Japan's Jabachi International Ltd managing director Mostafizur Rahman Mukul, Qubister Systems Inc chief executive Nobuhiko Seki and managing director Jun Yu and China's Daltan Presoft Co Ltd chief executive Yuan Ming Li, Daltan Wen You Co Ltd chief executive officer Yang Wen and Bikalpa Ltd managing director Mohan Raihan.
A Sino-Japanese investment team proposed Tuesday to put US$30 million (3 crore) into Bangladesh's booming apparel industry.
The team also showed its interest to transfer "smart" grid technology to the country-part of its plan to develop energy and information technology sectors of Bangladesh.
The joint-delegation unveiled the investment plan when it met with industries minister Dilip Barua at his office in the city.
The team expressed its satisfaction over the existing environment of investment in Bangladesh and said they are determined to invest in power sector too.
Mr Barua said, the government announced the national industrial policy 2010 with a view to building an industrialised, middle income nation by 2021.
"Domestic and foreign investors will get different facilities including tax holiday, and credit in Bangladesh," he told the delegation.
The minister said, "The main object of the government is to develop a sustainable power sector. And we're giving highest priority to investment in power sector." "Invest here without any hesitation."
He said shipbuilding, IT, plastic, leather and agriculture sectors have been identified as thrust sectors in the National Industrial policy 2010.
Chinese and Japanese entrepreneurs can come forward to investing in these sectors and the ministry would provide all sorts of logistic support, Mr Barua said.
The team comprises Japan's Jabachi International Ltd managing director Mostafizur Rahman Mukul, Qubister Systems Inc chief executive Nobuhiko Seki and managing director Jun Yu and China's Daltan Presoft Co Ltd chief executive Yuan Ming Li, Daltan Wen You Co Ltd chief executive officer Yang Wen and Bikalpa Ltd managing director Mohan Raihan.