POST TIME: 24 May, 2019 00:00 00 AM
Invest in mutually beneficial sectors
Dhaka urges CMA of Hong Kong
Diplomatic Correspondent, Dhaka

Invest in mutually beneficial sectors

Bangladesh has urged a delegation from the Chinese Manufactures’ Association (CMA) of Hong Kong to invest in various win-win sectors. Foreign minister AK Abdul Momen yesterday said: “A congenial atmosphere for investment in trade and business is prevailing in Bangladesh now. Whoever has invested here has found a gold mine of benefits.”

The minister was speaking at a programme on ‘Trade and Investment Opportunities in Bangladesh,’ organised by the foreign ministry, at its UNCLOS conference hall. “Bangladesh has created a good investment environment for investors. It has proper infrastructural facilities including electricity and communication systems. Besides, the manpower cost here is cheap and people are hard-working,” he said.

Momen told the visiting delegation: “We have a wide ranging sector for new investment. You can explore the market for your investment.”

At the programme, the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA), Hi-Tech Park Authority (HTPA) and Public Private Partnership (PPP) gave presentations on their various activities to attract prospective investors.

A 25-member CMA delegation, headed by its president Dr Dennis WP NG, arrived in Dhaka on May 23 and will be here till May 26. During their stay in the country, the delegation will hold meetings with different government and private bodies to explore areas of investment. The delegation will hold several meetings on Saturday at the Intercontinental Hotel in the capital to share ideas.

Momen said that investors will get full protection when they come to invest here. “Your investment will be a win-win situation for you and Bangladesh,” he asserted.

“Bangladesh is an investment destination. Here the return on investment is higher compared to any other country in South Asia,” he added. In his speech, Dr Dennis said they came to explore the Bangladesh market for possible investment. “We hope our visit would be an enjoyable and fruitful experience. The CMA’s primary mission is to promote trade and industrial development. We hope we will get an environment here for that,” he added.