Invites more KL investment
Thursday, 20 May 2010
Malaysian investors have been urged to undertake new ventures of investment in the fast growing manufacturing, services and infrastructure sectors in Bangladesh.
Commerce Minister Faruk Khan made the appeal while addressing the sixth World Islamic Economic Forum (WIEF) in Kuala Lumpur, according to a message received in Dhaka Wednesday, reports UNB.
The Forum is being held to focus on investment facilities available among the Organisation of the Islamic Conference (OIC) member countries.
Terming Malaysia as the fifth largest investor in Bangladesh after Norway, the UK, the USA and South Korea, the minister said that there was enough scope for further investment although about 70 Malaysian companies have already invested in Bangladesh.
Mr Khan said that relocation of labour-intensive industries in the textile and accessories, furniture processing, agro-processing industries from Malaysia might be the most promising options while investment in the service sectors like tourism, healthcare and infrastructures like toll roads, bridges, power and gas generation would also be attractive to Malaysian investors.
Commerce Minister Faruk Khan made the appeal while addressing the sixth World Islamic Economic Forum (WIEF) in Kuala Lumpur, according to a message received in Dhaka Wednesday, reports UNB.
The Forum is being held to focus on investment facilities available among the Organisation of the Islamic Conference (OIC) member countries.
Terming Malaysia as the fifth largest investor in Bangladesh after Norway, the UK, the USA and South Korea, the minister said that there was enough scope for further investment although about 70 Malaysian companies have already invested in Bangladesh.
Mr Khan said that relocation of labour-intensive industries in the textile and accessories, furniture processing, agro-processing industries from Malaysia might be the most promising options while investment in the service sectors like tourism, healthcare and infrastructures like toll roads, bridges, power and gas generation would also be attractive to Malaysian investors.