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BTMA-Uzbekistan MoU seeks investment opportunities

Mohammad Ali Khokon, President, Bangladesh Textile Mills Association (BTMA) recently signed a Memorandum of Understanding (MoU) with his Uzbek counterpart regarding Investment opportunities by the Bangladeshi businessmen and industrialists in Uzbekistan.

BTMA-Uzbekistan-MoU
Figure: BTMA signing MoU with Uzbek counterpart regarding Investment opportunities by the Bangladeshi businessmen and industrialists in Uzbekistan.

So far the most lucrative offer for investment in Uzbekistan will provide land without cost to establish industries and utilities with minimum price.

Khokon is part of a 14-member high-level delegation led by Salman F Rahman, private industry and investment affairs adviser to the Prime Minister is now in Uzbekistan in a bid to promote Bangladesh’s trade.

In the MoU signing ceremony, officials of the Uzbek Government and other distinguished members of the delegation were present.

The visiting Bangladesh team is expecting to explore more economic and developmental opportunities for the country by highlighting the bright business opportunities of the country.

Bangladesh exports more goods to Uzbekistan than imports. The export items include jute and jute products, pharmaceutical and readymade garments (RMG). In the last financial year, Bangladesh earned $24 million from this market by exporting products.

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