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BIDA urges China to invest more in Bangladesh

FE Report | January 10, 2019 00:00:00

The executive chairman of Bangladesh Investment Development Authority (BIDA) on Wednesday urged a Chinese delegation to invest more in the country considering its congenial environment.

"Bangladesh is one of the fastest growing economies in the world, where foreigners can invest without hesitation," BIDA Executive Chairman Kazi M. Aminul Islam told the delegation.

He said that the Bangladesh government is dedicated to developing the youths as skilled human resources, according to a statement.

"Skilled manpower along with growing number of capable entrepreneurs is essential for creating a robust economy," he said.

The visiting Chinese team called on him at his office in the city's Agargaon.

Chairman of Bangladesh Chemical Industries Corporation (BCIC) Shah Md Aminul Haq was present during the meeting, among others.

Addressing the delegates, the BIDA executive chairman mentioned that Bangladesh has made massive success in readymade garment (RMG) export. Bangladesh is the world's second biggest RMG exporter after China.

Aminul Islam noted that multinational companies like Unilever and Standard Chartered which are operating in Bangladesh are making higher profit here than they are doing in other countries of the globe. The government is taking various measures to support the investors, he mentioned.

"So every investment in Bangladesh is like platinum-investment", he said.

China's investment in Bangladesh is growing day by day, he said, adding there are sizeable investments in different large projects including the Padma Bridge.

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