8 UK cos to invest $930m in Bangladesh
Tuesday, 5 June 2007
Eight British companies and individuals have signed memorandum of understandings (MoUs) with the Board of Investment (BOI) to invest in sectors like power plants, tourism, leather garments, food products, building industry, five-star hotels, textiles and financial institutions in Bangladesh, reports BSS.
The estimated commitments of the companies are about $930 million (93 crore), said a BOI press release Monday.
The MoUs were signed following a seminar on 'Investment Opportunities in Bangladesh', held in London Sunday, organised by BOI in cooperation with Bangladesh High Commission to the UK and British-Bangladesh Chamber of Commerce (BBCC).
Peter J Fowler, former British high commissioner to Bangladesh and honorary president of BBCC conducted the seminar. About 150 British businessmen including non-resident Bangladeshis (NRBs) attended the programme.
As part of the investment promotion mission of BOI, a four-member delegation, led by BOI Executive Chairman Md Nazrul Islam, is now visiting the UK to attract more British investment to Bangladesh.
The BOI delegation will also visit Germany, and attend a seminar in Cologne.
Earlier, the BOI delegation has visited Toronto in Canada, and held an investment promotion seminar on May 28 there in collaboration with local Enterprise Investment Centre and Canada-Bangladesh Business Council.
About 13 MoUs were signed between BOI and the Canadian companies and individuals with a total investment proposal of over $600 million.
The estimated commitments of the companies are about $930 million (93 crore), said a BOI press release Monday.
The MoUs were signed following a seminar on 'Investment Opportunities in Bangladesh', held in London Sunday, organised by BOI in cooperation with Bangladesh High Commission to the UK and British-Bangladesh Chamber of Commerce (BBCC).
Peter J Fowler, former British high commissioner to Bangladesh and honorary president of BBCC conducted the seminar. About 150 British businessmen including non-resident Bangladeshis (NRBs) attended the programme.
As part of the investment promotion mission of BOI, a four-member delegation, led by BOI Executive Chairman Md Nazrul Islam, is now visiting the UK to attract more British investment to Bangladesh.
The BOI delegation will also visit Germany, and attend a seminar in Cologne.
Earlier, the BOI delegation has visited Toronto in Canada, and held an investment promotion seminar on May 28 there in collaboration with local Enterprise Investment Centre and Canada-Bangladesh Business Council.
About 13 MoUs were signed between BOI and the Canadian companies and individuals with a total investment proposal of over $600 million.