Canadian investors urged to make bigger investment

United News of Bangladesh . Dhaka | Published: 01:28, Sep 04,2018 | Updated: 01:29, Sep 04,2018

 
 

Bangladesh has urged Canadian investors and Bangladesh diaspora to bring in bigger investments to Bangladesh.
Commerce secretary Shubhashish Bose made the call while addressing a ‘luncheon meeting’ for attracting the Canadian diaspora organised by Canada Bangladesh Chamber of Commerce and Industry or CanCham Bangladesh in the city recently.
Canadian High Commissioner in Dhaka Benoit Prefontaine and CanCham Bangladesh president also spoke.
Secretary Bose said that Bangladesh needed huge foreign direct investment to achieve the Sustainable Development Goals.
He said that bilateral trade had been growing at a faster rate than before due to duty free market access.
Exports from Bangladesh reached US $1.61 billion in 2017-18, 95 per cent of which were garment items, said the CanCham on Monday.
He also mentioned that many people were migrating to Canada in search of business opportunities and a large number of students were going for quality education.
Bose said that the awarding of honorary membership to Iqbal Roshd, a very successful Canadian entrepreneur of Bangladeshi origin, would be a great encouragement to Bangladeshi entrepreneurs.
Roshd was also appointed a special representative of CanCham Bangladesh in the province of Ontario, Canada.
While handing over the membership certificate and the appointment letter, CanCham Bangladesh president Masud Rahman hoped that Roshd would take all possible steps to encourage Canadian entrepreneurs including the Bangladeshi diaspora for trade, investment and technology transfer from Canada to Bangladesh, particularly in organising a Diaspora Meet-Up in Canada next year.
Canadian high commissioner in Dhaka Benoit Prefontaine stressed the importance of bringing in Bangladeshi diaspora from Canada to exploit the great opportunities existing in Bangladesh.
The envoy said that his government was also attaching high priority to Bangladesh and taking a number of steps to facilitate business between the two countries, adding that posting of a senior trade commissioner in Bangladesh office for the first time was a proof of it.
He also mentioned that they had relaxed the travel advisory alert for Bangladesh and hoped that more Canadians would now visit to Bangladesh.
The envoy expressed his desire to work closely with the government of Bangladesh as well as CanCham Bangladesh and praised the strategic decision of CanCham Bangladesh to reach out to business persons in Canada like Iqbal Roshd.
He also assured of providing full support in continuing to organise this type of event.

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