Many Chinese investors are considering Bangladesh
as an ideal destination for investment in the current global geopolitical and
economic situation.
They are, therefore, interested in shifting investments to Bangladesh
including placing new investments.
The Chinese investors expressed this interest in a side table discussion at
the end of a seminar titled “Investment Opportunities in the Export
Processing Zones and BEPZA Economic Zone of Bangladesh” organized by
Bangladesh Export Processing Zones Authority (BEPZA) in Quanzhou City, Fujian
Province, China. BEPZA in association with the Quanzhou Maritime Silk Road
Industry and Commerce Association organized the seminar on 30th April 2024,
said a press release here today.
About 100 participants attended the seminar of various Chinese investment
organizations/industrial groups who have their interest in investing in
Bangladesh.
BEPZA Executive Chairman Major General Abul Kalam Md Ziaur Rahman, BSP, ndc,
psc attended the seminar as the Chief Guest.
P
resenting an overall picture of the current favourable investment climate
prevailing in Bangladesh, especially Foreign Direct Investment (FDI) he said
that Bangladesh has experienced tremendous growth over the last decade.
The strategic geographical location, demographic dividend, large and expanding
domestic market, stable socio-political environment, etc. are the key
contributors to the rapid economic development, he added.
Major General Zia said that the main attraction of investment in Bangladesh
is the most inexpensive, productive, abundant and easily trainable workforce.
He said that Bangladesh has been consistently liberalizing its foreign
investment policies over the time.
The Government has formulated “One Stop Service Act” for the Investment
Promotion Agencies of Bangladesh to provide faster and better services, he
added.
Mentioning the expansion plan of BEPZA the Executive Chairman said, along
with the 8 operational EPZs, BEPZA is establishing an Economic Zone in
Mirsharai, Chattogr
am which has already attracted 28 industries in its
development stage, and few of them started production.
Moreover, establishment of 3 new EPZs are also under process which will be
ready for the investors by the end of 2025. He urged Chinese investors to
invest in these zones under BEPZA.
In the welcome speech, Lino, one of the senior members of the host
association thanked BEPZA delegation and expressed his positive impression
about Bangladesh.
Mr Changsong Chen, the Vice Chairman of Quanzhou Maritime Silk Road Industry
and Commerce Association, in his speech as the Special Guest, highlighted the
long-standing friendly relations between Bangladesh and China and invited
Chinese investors to invest in Bangladesh.
In the evening, the BEPZA delegation attended a dinner hosted by the city
mayor. Some investors interested in investing in Bangladesh also attended the
dinner where bilateral investment issues were discussed. During the dinner,
discussions were also held regarding organizing training p
rograms between
China’s Fujian Province and Bangladesh for the workers-employees.
Source: Bangladesh Sangbad Sangstha