German car manufacturers invited to set up assembly plants in Bangladesh


18th October, 2019 03:01:09 printer

German car manufacturers invited to set up assembly plants in Bangladesh

 Foreign Minister Dr AK Abdul Momen has invited the German car manufacturers like Mercedes, BMW and Volkswagen to set up their assembly plants at Bangabandhu Sheikh Mujib Shilpanagar in Chattogram.

He explained about the Special Economic Zones set up by the government of Bangladesh in different places.

The Foreign Minister, while addressing the German Federal Association for Economic Development and Foreign Trade (BWA) in Berlin on Thursday, highlighted the investment opportunities on a win-win basis.

He called upon the German businesses to invest in Bangladesh taking advantage  of business-friendly policies and environment in Bangladesh.  

The Foreign Minister called upon them to invest in infrastructure, renewable energy and manufacturing sectors in Bangladesh, said the Ministry of Foreign Affairs on Friday.

Dr Momen informed them of the skilled, young labour force available at competitive wages, and assured them of complete support of the Government of Bangladesh in ensuring profitable investments by German companies.

He urged the German companies as well as the German government to help Bangladesh in skills development.

Referring to the National Skills Development Authority (NSDA) recently formed under PMO, Dr Momen requested for assisting Bangladesh in building a strong work force of skilled young population, explaining that it would create a win-win situation for Bangladesh and the potential German investors.

President of BGMEA Dr Rubana Huq participated at the meeting along with Foreign Minister Momen, and she invited German businesses to invest more in Bangladesh in a sustainable way that would ensure better wages, better prices, and better consumer satisfaction.

During the day, Foreign Minister also addressed the 7th International Conference on Bangladesh organised by the Bangladesh Forum in Germany where he highlighted the successes achieved and challenges faced by the government in achieving Vision 2021 and Vision 2041.

He called upon the international community to help Bangladesh in its journey forward.

Dr Momen  also explained the Rohingya crisis to the international audience and called for more active role of the friends of Bangladesh in solving the Rohingya crisis urgently.

He also held a meeting with Tobias Pflueger, Member of German Federal Parliament and Chairman of the South-Asian Parliamentary Group.

At the meeting held in German Parliament, Foreign Minister highlighted the successes of Bangladesh in achieving inclusive development by ensuring eradication of poverty at fast and sustainable rate, and at the same time by addressing the related challenges so that no one is left behind.

He requested the Chairman to take appropriate measures in German Parliament to ensure fair prices for our textile products.

Foreign Minister also requested for Germany’s support in building skilled workforce in Bangladesh, and suggested that having a large pool of young and skilled manpower in Bangladesh will help the potential German investors, thus creating a win-win scenario.