Nestle's new production line inaugurated
Tuesday, 24 November 2009
FE Report
Industries Minister Dilip Barua Sunday inaugurated new production line of Nestle's Maggi 2 minute noodles at Sreepur in Gazipur.
An estimated Tk 130 million was spent on installation of the new line.
The minister said government will develop special economic zones (SEZs) rather than establishing export processing zones (EPZs) across the country to attract more foreign investment.
He said "Foreign investors will get more facilities in the industrial policy which will be declared soon to make Bangladesh a unique place for overseas investors."
Among others, managing director Laurent Theorond, chairman Latifur Rahman and manufacturing director Jatin Middha of Nestle Bangladesh Ltd spoke in the ceremony.
The minister urged the foreign investors to invest those sectors which were declared as thrust sectors in the draft of the industrial policy.
The thrust sectors include pharmaceuticals, ceramics, light engineering, shipbuilding, plastic and textile.
He said "the foreign investment can pave the way to make the country industrially developed and we'll give them all kinds of facilities including tax holiday".
Gabriele Gerighetti, deputy head of mission-Switzerland said "Bangladesh is really a unique place to invest and the Swiss investors are waiting to invest here."
Industries Minister Dilip Barua Sunday inaugurated new production line of Nestle's Maggi 2 minute noodles at Sreepur in Gazipur.
An estimated Tk 130 million was spent on installation of the new line.
The minister said government will develop special economic zones (SEZs) rather than establishing export processing zones (EPZs) across the country to attract more foreign investment.
He said "Foreign investors will get more facilities in the industrial policy which will be declared soon to make Bangladesh a unique place for overseas investors."
Among others, managing director Laurent Theorond, chairman Latifur Rahman and manufacturing director Jatin Middha of Nestle Bangladesh Ltd spoke in the ceremony.
The minister urged the foreign investors to invest those sectors which were declared as thrust sectors in the draft of the industrial policy.
The thrust sectors include pharmaceuticals, ceramics, light engineering, shipbuilding, plastic and textile.
He said "the foreign investment can pave the way to make the country industrially developed and we'll give them all kinds of facilities including tax holiday".
Gabriele Gerighetti, deputy head of mission-Switzerland said "Bangladesh is really a unique place to invest and the Swiss investors are waiting to invest here."