NN Business Desk :
The first-ever ‘Bangladesh Trade and Investment Summit 2016’, to be held in the Malaysian capital of Kuala Lumpur on December 5, will help brand Bangladesh abroad showcasing huge trade and investment opportunities it offers, said a leading business leader, reports UNB.
“Branding Bangladesh abroad is the most important thing at this moment. We’ve many things to offer and discuss for mutual benefits,” chairman of the summit organising committee Syed Nurul Islam told UNB on Friday.
Nurul Islam, also former President of Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI), said electronics, light engineering, food and allied industries are some of the potential areas for joint ventures in Bangladesh with Malaysian counterparts.
Responding to a question, the business leader said they will negotiate with the government to have a dedicated investment zone in Bangladesh if Malaysian investors demand. “We’ll take initiatives depending on their demand.”
Nurul Islam said the land cost and bureaucratic complexities are the common complaints they used to listen from the Malaysian investors. “The government is trying but there has been no significant improvement yet due to bureaucratic tangles.”
He said Bangladesh is a huge market of nearly 170 million people having over 7 percent GDP growth. “To me, Bangladesh is a country of ample opportunities.”
The business leaders also said Malaysia can relocate their industries to Bangladesh and re-export products to various parts of the world.
The first-ever ‘Bangladesh Trade and Investment Summit 2016’, to be held in the Malaysian capital of Kuala Lumpur on December 5, will help brand Bangladesh abroad showcasing huge trade and investment opportunities it offers, said a leading business leader, reports UNB.
“Branding Bangladesh abroad is the most important thing at this moment. We’ve many things to offer and discuss for mutual benefits,” chairman of the summit organising committee Syed Nurul Islam told UNB on Friday.
Nurul Islam, also former President of Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI), said electronics, light engineering, food and allied industries are some of the potential areas for joint ventures in Bangladesh with Malaysian counterparts.
Responding to a question, the business leader said they will negotiate with the government to have a dedicated investment zone in Bangladesh if Malaysian investors demand. “We’ll take initiatives depending on their demand.”
Nurul Islam said the land cost and bureaucratic complexities are the common complaints they used to listen from the Malaysian investors. “The government is trying but there has been no significant improvement yet due to bureaucratic tangles.”
He said Bangladesh is a huge market of nearly 170 million people having over 7 percent GDP growth. “To me, Bangladesh is a country of ample opportunities.”
The business leaders also said Malaysia can relocate their industries to Bangladesh and re-export products to various parts of the world.
