Yunnan province of China expressed its strong eagerness Thursday to invest in different potential sectors of Bangladesh especially hydro-power, energy and mining.
A 13-member high-powered delegation of the Department of Commerce of Yunnan Province expressed the keenness at a China-Bangladesh Trade Promotion Meeting with Bangladesh Indenting Agents' Association (BIAA) at a city hotel.
Yang Hui, deputy director general of the Department of Commerce of Yunnan Province, led the visiting Yunnan delegation while the BIAA was led by its president KMH Shahidul Haque.
To facilitate the Yunnan investment in Bangladesh, Mr Hui sought cooperation and assistance from BIAA about the investment areas and market here.
He mentioned the location of Bangladesh and Yunnan Province of China on the proposed BCIM (Bangladesh-China-India-Myanmar) Economic Corridor, stretching from Kolkata to Kunming through Chittagong, is tremendously potential for enhancing business between Bangladesh and Yunnan.
The team further underlined for exchange of information about trade and commerce of Bangladesh and China, facilitating increase in business relation between the two countries.
Mentioning the Bangladesh's competitiveness in labour cost, Mr Haque called upon the Chinese delegation to invest in and relocate their labour-intensive factories like textiles and readymade garment (RMG) too in Bangladesh.
He also conveyed the wonderful investment potentiality in the sectors like power, infrastructure and hydro-power to the visiting delegation, and assured them of giving all out cooperation for their investment here.
The BIAA handed over a concept paper on "Investment Opportunity in Bangladesh" to the delegation at the meeting.
The BIAA president requested the Chinese authorities through the visiting team to ease the Chinese visa processing from Bangladesh as it is required to enhance business between the two countries.
Mr Haque expected that the authorities concerned of both the countries will pay attention and take immediate steps to improve economic and trade situation and strengthen more the business tie between Bangladesh and China.
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