UK based Bangladeshis show interest to invest in IT, education sectors

Bangladeshis living in the United Kingdom (UK) have expressed interest to invest in the information technology (IT) and education sectors in the country.
The Dhaka Chamber of Commerce and Industry (DCCI) and UK-Bangladesh Catalysts of Commerce and Industry (UKBCCI) have agreed to establish institutional ties for enhancing bilateral trade and investment between the two countries.
The two chambers will sign a memorandum of understanding (MoU) soon to help bump up trade and investment between Bangladesh and the UK, which is home to half a million Bangladeshi diaspora.
DCCI president Mohammad Shahjahan Khan said DCCI and UKBCCI have agreed to work together for mutual benefits of the two countries. He said that MoU will be signed with the UKBCCI shortly in this regard.
"We will sign an MoU with UKBCCI soon to boost bilateral trade and investment," he told the FE.
A business meeting was held between DCCI and the visiting UKBCCI delegation held last week at DCCI. Both sides agreed to increase bilateral trade and investment.
He said that UKBCCI could invest in energy, power generation, oil and gas, tea garden, agriculture, ceramics, frozen foods, ICT and financial sector in Bangladesh.
"We've invited them (UKBCCI) to invest in energy, power generation, oil and gas, tea garden, agriculture, ceramics, frozen foods, ICT and financial sector in the country," he said.
Chairman of UKBCCI Iqbal Ahmed OBE said that the business lobby will work for the development of two-way trade between the two countries.
He said that NRBs residing in UK want to invest in Bangladesh, specially in the IT sector.
President of UKBCCI Bajloor Rashid said that the chamber will act as catalyst for the businessmen of both the countries. He expressed their intention to establish a catering institute in Bangladesh to create skilled workforce in the hospitality industry.
Trade between Bangladesh and UK has been increasing day by day. The existing trade is in favour of Bangladesh.
Bangladesh exported goods to UK worth US$ 2764.91 million during the fiscal year (FY) 2012-13. The foreign direct investment (FDI) from the UK amounted to $ 159.49 million during the same period, making Britain the country's second biggest investors in Bangladesh.