Bangladesh an important destination for German companies

German investment and trading companies are looking for new places for their investments and business and Bangladesh will be one such important destination.
Peter Fahrenholtz, Ambassador of Germany to Bangladesh disclosed this on Monday in a meeting held on online platform, arranged by Bangladesh-German Chamber of Commerce and Industry (BGCCI).
The German ambassador disscussed on matter of business interest to activate business in Bangladesh during the ongoing pandemic.
He informed BGCCI Board that the German Government has contributed 50 million dollars for Rohingya Refugee camp in Cox's Bazar; 20 million dollars for Ready-Made Garments, affected workers wages and food packages through NGO for poor vulnerable families. He further informed that he sees Bangladesh as robust economy and with dynamism, resilience and ambitious. Ambassador added that Bangladesh Economy will surely bounce back soon. He said BGCCI should impress upon relevant authorities to make bureaucracy more business friendly; and to abide by the rule of law and adhere to zero tolerance on corruption as proposed by the PM. It will definitely have good impact on overall business development.
The ambassador also informed that since last three years he has not seen any Bangladesh business delegation visiting Germany which is very unfortunate, to explore new markets and investment.
He suggested that BGCCI could pursue in simplifying the rules and regulation for the investors and reducing the bureaucratic bottle necks. The German Ambassador also suggested that BIDA should be more proactive and realistic for attracting FDI. He added that he has not seen any new brochures to promote business in Germany and suggested that BGCCI could come forward to publish such information Booklets and Brochures to attract new investors. He gave reference of neighboring countries.
Meanwhile, BGCCI has received communication from German Chamber of Commerce, Berlin (AHK) informing that they would like to hold dialogue and looking forward to welcome Bangladesh Business delegation in Germany to further accelerate and develop business relations. The head of the German Chamber also appreciated that German companies intended to do business in Bangladesh can count on BGCCI's support and acknowledged BGCCI as key contact and knowledge point for German companies.
President Omar Sadat assured that BGCCI Board has noted the information given by the Ambassador and would implement those for betterment of business activities especially during pandemic. He also informed that as soon situation improves, BGCCI along with BIDA and other Business Houses will visit Germany. He also informed that BGCCI is in contact with our Ambassador H.E. Imtiaz Ahmed in Berlin to assist in making a business visit program.
The Board Members including Thomas Hoffmann, Sr. Vice President, Mohsin Uddin Ahmed, Vice President, Tarun Patwary, Treasurer, other Directors Anwar Shahid, Ibnul Wara, Kutub Uddin Durlove and the Executive Advisor, Ambassador Shahed Akhtar explained the activities of BGCCI. BGCCI office was represented by Humayun Kabir, Asst. Executive Director & Secretary, and Rakib Hasan, Manager.