FBCCI for Chinese & Japanese investments in Bangladesh

International Desk :  The Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), the country’s apex trade body, has recently called upon Japanese and Chinese entrepreneurs to invest in Bangladesh at a meeting held in Dhaka.

During the meeting with Japanese Ambassador to Bangladesh Masato Watanabe, first Vice-President of FBCCI Md Shafiul Islam Mohiuddin reportedly requested Watanabe to relocate Japanese industries to Bangladesh, as there is a huge opportunity for investment here, besides urging him to initiate steps to ensure increased export of Bangladeshi products to Japan

“Bangladesh is developing very fast. The country expects Japan to be in its development process,” said FBCCI President Abdul Matlub Ahmad, who went on to emphasise on the need for technical assistance and transfer of technology from Japan to Bangladesh, besides requesting Watanabe to arrange a “business meeting” between the businessmen of the two countries during Bangladesh premier Sheikh Hasina’s visit to Japan later this month.

Meanwhile, in another meeting with visiting officials of Yunnan province (China), FBCCI, in addition to calling for Chinese investments in Bangladesh’s economic zones (EZs) for mutual benefits of the two countries, also requested the Chinese officials to establish direct air connectivity between Chittagong and Kunming.

The request was reportedly put forth by FBCCI President Abdul Matlub Ahmed, who called upon Senior Adviser to the People’s Government of Yunnan Province Zhong Mian, to reportedly pursue Chinese investments in infrastructure, chemical, information technology (IT) and health sectors, considering the prevailing investment-friendly environment in the country

Zhong, on his part, reportedly requested the FBCCI to participate in the Kunming Trade Fair to be held in June this year.

It may be mentioned here that Bangladesh, which primarily exports leather goods, woven garments, jute and jute goods, plastics and plastics articles to China, raked in US $ 791.00 million in foreign earnings in the fiscal year (FY) 2014-15 through exports to China.

Source : apparelresources.com