FBCCI keen to boost investment in African countries


12th June, 2019 07:05:36 printer

FBCCI keen to boost investment in African countries

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) on Wednesday expressed its keen interest to develop trade relations with and enhance Bangladeshi investment in the African countries.

The interest was conveyed at a meeting between the FBCCI leaders and a delegation of National Defence College (NDC) of Tanzania at the FBCCI conference centre here.

The Bangladeshi business leaders expressed their willingness to invest in new sectors, including IT-related services, alongside ready-made garment and agriculture sectors in the African countries.

The NDC delegation was led by Ambassador Peter Kallaghe. Representatives from China, Tanzania, Rwanda, Kenya, Botswana and Burundi were also present at the discussion. 

FBCCI President Sheikh Fazle Fahim briefed the delegation on the overall economy, fast-track development projects, FBCCI’s role as the apex trade body in the policy formation of the government and the public-private joint initiative in the development process of the country.

A PowerPoint presentation on the Introduction, Functions and the Vision 2041 of FBCCI was also made at the programme. 

The NDC members wanted to know from the FBCCI leaders about Bangladesh economy, the investment scenario, investment facilities, banking sector, bank interest rate and the bilateral and regional trade. 

Fahim said the country’s private sector is playing a very important role in the economic advancement and the fast growing development process. 

FBCCI has a great role in formation of the government’s trade-related policy, he said. “As Bangladesh enjoys the duty –and –quota-free facility for its export products to the USA, Canada, Japan and the EU countries, it’s very significant for the foreign investors here,” he said.

“Taking the attractive benefits, over 400 Chinese companies and 279 Japanese companies are currently doing business in Bangladesh,” the FBCCI chief said.