Momen urges Chinese cos to invest in Bangladesh

23rd May, 2019 10:04:32 printer

Momen urges Chinese cos to invest in Bangladesh

Foreign Minister Dr AK Abdul Monem speaks at a programme on ‘Trade and Investment Opportunities in Bangladesh’ at UNCLOS conference hall in the capital on Thursday.

Foreign Minister Dr AK Abdul Momen on Thursday urged Hong Kong based Chinese manufacturers to invest here terming Bangladesh as an unexplored gold mine that offers cheap labor and low energy cost to the foreign investors.

“Explore Bangladesh potentials, if you make money come here (make investment) earlier than others,” he told a seminar titled “Trade and Investment Opportunities in Bangladesh” at foreign ministry in the capital, reports BSS.

Besides cheap labour, Momen said Bangladesh has a vast local market with 160 million of people to consume various goods.

“You will make money, in return Bangladesh will get more employment opportunities .. it will be a win win situation,” he said.

He urged the Chinese investors to explore various potentials of Bangladesh so that they can decide which sector will be beneficial for them.

Momen said Bangladesh is looking forward to get huge foreign investment and trying to diversify its trade basket to achieve desired development goals set by Prime Minister Sheikh Hasina turning the country into a developed one. Foreign ministry organized the seminar in collaboration with Bangladesh Investment Development Authority (BIDA) to present Bangladesh investment potentials before a delegation of Chinese Manufacturers’ Association (CMA), now visiting here.