Photo: Courtesy-
Metropolis Report-
The business environment in Bangladesh has marked a gradual improvement in recent years as the country has become a hub of investment in the South Asian region.
Director General, International Investment Promotion of the Bangladesh Investment Development Authority (BIDA) Shah Mohammad Mahboob has expressed this view at the Chinese New Year celebration at La MERIDIEN Hotel in the city on Friday.
Under the prudent leadership of Prime Minister Sheikh Hasina, stakeholders are working relentlessly to improve the business environment in Bangladesh, he said.
The reception was hosted by the Hong Kong Economic and Trade Office in Bangkok and the Overseas Chinese Association in Bangladesh.
He said that Bangladesh holds a strategic position in South Asia and Southeast regions, and developed countries have a special interest in the country.
Shah Mohammad Mahboob said Chinese investment in Bangladesh will mark a gradual rise in the coming days.
China invested 661.17 million (13.5 per cent of total investment in Bangladesh) and Hong Kong invested 215.97 million (6.3 per cent) during July-June FY 2022.
This means the total Chinese investment in Bangladesh stood at 877.09 million US dollars during FY 2022…
He said that the BIDA, in cooperation with stakeholders concerned, is ensuring One-Stop services to entrepreneurs and business to invest in different sectors.
Director of Hong Kong Economic and Trade Office in Bangkok Sheung- yuen Lee in his speech said that Hong Kong has become one of leading
investors in Bangladesh, pouring $1.8 billion till date mainly in the textile and energy sectors. Bilateral trade has already reached over $1 billion, he said
Managing Director of South China Bleaching and Dyeing Limited Calvin Ngan in speech said that Bangladesh will see an increasing investment in the textile and clothing sectors in the coming days as the business environment has marked tremendous improvement in recent years.
South China Limited– a 100 per cent export-oriented group—has invested 150 million US dollars in the Dhaka Export Processing Zone with an employment of 10,000 workers and employees.
A rapidly growing multinational organization in Bangladesh, South China Bleaching and Dyeing Limited has earned a solid reputation both locally and globally in the textile and clothing sectors over the years. This organization has earned a solid reputation both locally and globally in the textile and apparel sector.
With its state-of-the-art technology and a highly competent management team, the group has successfully etched its brand name worldwide as a reliable manufacturer of textile products.
South China’s vision remains focused towards uplifting Bangladesh on a global scale.
Laying emphasis on people-to-people contact, Calvin Ngan, also President of Overseas Chinese Association in Bangladesh, said that Bangladesh and China enjoy warm relations that will reach a new height in the coming days.
“In China, Chinese New Year also means Spring celebration, it is a moment for gathering, for expressing our thanks and to give blessing to our friends and family,” he said
“Oversea Chinese Association in Bangladesh is home for all Chinese in Bangladesh. Our mission is to foster a relationship between two nations and two cultures. During the past two years, our organization has worked with authorities concerned to distribute vaccines and donate PPEs to people,” Calvin Ngan.
“The past three years of the pandemic is a stormy winter for many of us. Fears and worries loom over our heads. We faced and overcame challenges that were not seen in our generation. 2023 is a very special year. It is year of rabbit. The pandemic winter has ended, and the spring has come. We see our motherland opening up the border, no more quarantine. Flights between Bangladesh and China are increasing. Economic and cultural activities begin to pick up. We are seeing more Chinese coming to Bangladesh and more Bangladeshi going to China.
“We are here to seek win-win relationship between Bangladesh and China. Together we must maintain peace and prosperity for both countries to build a better future for our generations,” he said.
Economic and Commercial Counsellor of the Chinese embassy in Dhaka Sung Yang also spoke on the occasion.
