Three Chinese companies, Xinyi Glass Holdings Limited, Guopu Energy Technology Company Limited, and Hangzhou IV Supply Chain Co Limited, have offered to invest in the garment, float glass, and green energy sectors by setting up factories in Bangladesh.
As part of this, Guopu Energy proposed a total investment of $ 50 million in the renewable energy sector at the Bangladesh Investment Summit held in November 2021.
At the same time, Xinyi Glass Holdings has already submitted an attractive investment proposal to the Ministry of Foreign Affairs at the Bangladesh Embassy in China.
On May 18, 2022, the Bangladesh Embassy sent a letter in Beijing to the Secretary of Commerce mentioning the matter.
According to the mission, the firm is the largest supplier of float glass in the world with a total market capitalization of $ 10 billion and annual revenue of $ 1.8 billion.
Also, The Holdings is the world’s number one manufacturer of float glass with a production capacity of 8.5 million tons per year. It also installs solar power plants, lithium battery power and energy storage facilities.
The company has already invested heavily in Malacca and Malaysia.If they invest in Bangladesh, it will generate revenue of $ 95 million per year, which will create about 400 jobs.
On the other hand, Guopu Energy Technology specializes in renewable energy projects. Its involvement and business opportunities include consulting and planning, construction, technology development of solar and wind power plants and bio-power plants.
Another Chinese company, Hangzhou IV Supply Chain Co. Ltd. at the summit, proposed to set up a garments manufacturing unit in an economic zone under Bazar.