Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA), announced that a delegation of 200 Chinese investors, led by Commerce Minister Wang Wentao, is set to visit Bangladesh next month. The primary focus of this visit will be to explore investment opportunities in the country’s ready-made garment (RMG) sector, among others.
The announcement was made during a press conference on 9th April, which highlighted the ongoing investment summit aimed at reshaping the global narrative around Bangladesh’s investment potential. Chowdhury Ashik emphasized the importance of providing comprehensive information to the visiting delegation to facilitate swift investment decisions.
He noted significant interest from participating investors in labor-intensive sectors, particularly textiles and garments, which are vital to Bangladesh’s economy. This interest is further underscored by a recent US $ 150 million investment commitment from Honda, a Chinese company, indicating strong confidence in the RMG sector’s growth prospects.
As the summit progresses, BIDA aims to showcase Bangladesh’s expanding consumer market and the numerous opportunities available for foreign investors, particularly in the RMG industry. Chowdhury Ashiq expressed optimism about the potential partnerships that could emerge from this visit, highlighting the importance of attracting foreign capital to bolster the sector and create jobs.
The upcoming visit of the Chinese delegation is seen as a significant step towards enhancing bilateral trade relations and fostering investment in Bangladesh’s thriving RMG sector.
