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China keen to invest more in Bangladesh

The potential Chinese investors showed their keen interest to invest in jute, apparel, PSF, leather, ceramics, pharmaceuticals and some other sectors in Bangladesh.

Chinese entrepreneurs expressed the zeal while visiting the Bangladesh pavilion at the first ever ‘China International Import Expo (CIIE) 2018’ held in Shanghai, China on November 5 to 10.

China keen to invest in Bangladesh CIIE 2018
Figure: China International Import Expo (CIIE) 2018. Courtesy: www.news.cn

About 3,000 business and government representatives from China and different countries were present at the opening session. Eight government organizations from Bangladesh took part in the expo for promoting investment in Bangladesh.

Those are Export Promotion Bureau (EPB), Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA), Bangladesh Hi-Tech Park Authority (BHTPA), Bangladesh Jute Mills Corporation (BJMC), Jute Diversification Promotion Center (JDPC) and Bangladesh Parjatan Corporation (BPC).

EPB Deputy Director, Abu Mukhles Alamgir Hossain said the Textile Today, “Bangladesh took part in this gala event for utilizing the broad market access and other opportunities, provided by the Chinese government.”

In the exposition, we also focused on the jute sector as the Chinese people are very careful about the environment nowadays. We projected diversified jute goods, including jute leaf drinks and jute polymer bag.

Abu Mukhles Alamgir Hossain, EPB Deputy Director

He also informed that Deputy Minister for the commerce of Afghanistan and minister of Barbados visited the Bangladesh pavilion along with the South Asian Association for Regional Cooperation (SAARC) Chamber secretary general and other dignitaries at the opening day of the fair.

“Both the ministers highly appreciated the ongoing development activities in Bangladesh and showed a keen interest in pharmaceuticals, polyester staple fiber (PSF), apparels, leather and leather goods, and ceramics sectors,” he said.

“In the exposition, we also focused on the jute sector as the Chinese people are very careful about the environment nowadays. We projected diversified jute goods, including jute leaf drinks and jute polymer bag,” he added.

He concluded his speech by saying “The visitors were amazed to see Bangladesh’s Nakshi Katha, Jamdani Sharee, and diversified jute products.”

A five-member delegation led by Bangladesh ambassador to China M Fazlul Karim attended the expo. EPB director general Avijit Chowdhury, Joint Secretary to the Commerce Ministry AKM Ahad Ali Khan and EPB Deputy Director Abu Mukhles Alamgir Hossain took part as Bangladesh pavilion coordinators and delegation members.

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