DCCI to organise Investment Summit in S’pore this year

Staff Correspondent

18 February, 2021 12:00 AM printer

DCCI to organise Investment Summit in S’pore this year

Consul of Singapore in Bangladesh Sheela Pillai called on Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman to discuss bilateral trade related issues at DCCI on Wednesday.

During the meeting, Sheela Pillai said that there could be a joint collaboration through different engagements and activities throughout the year to boost bilateral trade and investments.

"Infrastructure, digital infrastructure, shipbuilding, ICT and port, logistics are some of the potential sectors of interest for Singaporean investors," she added.

Singaporean investor from agriculture sector already invested in Bangladesh and they are doing well, said Sheela Pillai.

There is a huge trade gap between Singapore and Bangladesh and to reduce this gap, she added while urging for more product diversification.  

Rizwan Rahman informed the Consul of Singapore that by the end of this year DCCI is planning to host an investment summit in Singapore.

He sought cooperation from the Consulate of Singapore in Bangladesh and Enterprise Singapore in this regard.

"Prime Minister of Bangladesh Sheikh Hasina has offered Singapore 500 acres of land in special economic zone (SEZ) to set up businesses," he added.

He requested Singaporean investors to invest in the agro and food-processing industries especially in that particular zone.

DCCI President also called upon the importers of Singapore to import pharmaceuticals, jute, leather goods, ceramic and agro-products from Bangladesh.

Singapore can co-operate Bangladesh by transferring expertise, technical know-how in infrastructure development, financial services and electronics machinery sectors for local and regional market demand, he added.