UK businesses look for opportunities in Bangladesh

Bangladesh Sangbad Sangstha . Dhaka | Published: 00:00, Jun 19,2019

 
 

A delegation of British-Bangladeshi businesspersons is exploring investment opportunities in Bangladesh’s different sectors, including ICT, garments, manufacturing, infrastructure, engineering, construction, logistics, banking and financial services.
The information came on Tuesday when a 23-member trade mission of the UK Bangladesh Catalysts of Commerce and Industry (UKBCCI), led by its chairman Iqbal Ahmed, visited the Bangladesh Investment Development Authority (BIDA) headquarters in the city, said a press release.
In a meeting with BIDA executive chairman Kazi M Aminul Islam, the mission hoped to further expand bilateral trade with Bangladesh, particularly in face of Brexit.
Aminul Islam said Non-resident Bangladeshis (NRBs) should develop a new level of confidence in relation to their country.
‘The country that you have now is totally different from the country you left behind so many years ago. In the last 10 years, GDP per capita has more than doubled. When FDI fell globally last year, it grew 68 per cent in Bangladesh — the highest growth in the world,’ he said.
‘We are welcoming NRBs from all over the world to strengthen their relationship with Bangladesh in terms of trade and investment. We are working to create distinct opportunities for them,’ said the BIDA chief.
Iqbal Ahmed said that the third and fourth generations of British Bangladeshis were silently raising participation in different sectors of the mainstream international community.
‘From time to time, we bring these young entrepreneurs to Bangladesh. We encourage them to return to their roots. We believe they can play a huge role by sharing their experiences, especially regarding the IT and services industry,’ he said.
BIDA has been facilitating the delegation’s visit to several ministers including that of commerce, industries and expatriates’ welfare.

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