Indian entrepreneurs keen to invest in Bangladesh | 2018-12-10 |

Indian entrepreneurs keen to invest in Bangladesh

Jannatul Islam

10 December, 2018 12:00 AM printer

A group of Indian investors have expressed their interests in investing in Bangladesh hi-tech parks availing the government’s investment-friendly opportunities, said Telecommunications and IT Minister Mustafa Jabbar .

“Some technology entrepreneurs in West Bengal are willing to invest in Bangladesh after the general elections as they find Bangladesh business environment ‘good for investment’, said the minister while talking to the Daily Sun recently.

Several businesses people met the minister while he was attending the InfoCom Summit in Kolkata recently and expressed their interests about the investment. The minister also visited four hi-tech parks in West Bengal.

At present, there are about 28 hi-tech parks in Bangladesh mostly at under construction phase. The government targets to earn $5 billion from ICT exports and generate 20 lakh jobs by 2021.

“In the last ten months, I met hundreds of foreign investors and diplomats most of whom expressed keen interest to invest in our hi-tech parks,” said Mustafa Jabbar.

He also said around 25,000 new jobs are expected to be created with an investment of $14 million in the country’s first hi-tech park, Bangabandhu Hi-Tech City, in Gazipur.

Minister Jabbar also enquired about the opportunities for Bangladeshi entrepreneurs to work together with West Bengal-based firms on content development in education in Bengali.

“There are huge opportunities for Bangladeshi entrepreneurs to work in Kolkata on developing digital content. As I know, around 70 percent of students in West Bengal are going to Bengali medium schools. We can develop educational contents for them,” Mustafa added.

Earlier in November, about 35 representatives from 20 companies of Dezhou City under Shandong Province in China met the officials of Bangladesh High-Tech Park Authority (BHTPA) and discussed the issues relating to foreign direct investment (FDI).