China keen to invest in jute sector

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Economic Reporter :
China has evinced keen interest to invest a huge amount in country’s jute sector aimed at developing country’s industrial sector and increasing efficiency.
“Simultaneously, China wants to invest more in sugar mills and newsprint mills to give it a modern look . . . It also wants to invest in manufacturing agricultural machineries, generating coal-based electricity and producing fertilizers here,” Chinese Ambassador to Bangladesh Ma Ming Qiang told Industries Minister Amir Hossain Amu during a call on at his office today.
Expressing China’s keenness to extend support to Bangladesh in developing industrialization and in relocating the industries and factories,t he envoy said his country would import industrial products from Bangladesh and concurrently Bangladesh would get duty-free export opportunity.
The minister thanked the Chinese ambassador for showing their keen interest in Bangladesh.
The industries minister said the Chinese investors can invest in the light engineering sector alongside heavy industrial sector in the economic zone. Drawing attention of the envoy to invest in car manufacturing sector in Bangladesh, Amu expressed the hope that there could be a joint-investment of Progati Industries Limited, the state-run car manufacturing institution, with China in this regard.
Industries Secretary Mohammad Mosharraf Hossain Bhuiyan, chairman of Bangladesh Chemical Industries Corporation (BCIC) Mohamamd Iqbal and senior officials of the ministry and Chinese Embassy to Bangladesh, among others, were present.

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