Bangladesh invites UK businesses for green financing

Diplomatic Correspondent

2 July, 2020 12:00 AM printer

Bangladesh High Commissioner to the United Kingdom Saida Muna Tasneem has invited fresh British Foreign Direct Investment (FDI) in green financing businesses, clean technologies, renewable energy and IT-enabled services.

“UK investors should specially focus on investing in green financing businesses, clean technologies, renewable energy and IT-enabled services in the post-pandemic trade and investment partnership between Bangladesh and the UK”, she said.

The Bangladesh envoy was addressing as the special guest in a webinar last Monday co-hosted by Bangladesh Investment Development Authority (BIDA) and British Business Group (BBG) aiming at reviving post-COVID British FDI to Bangladesh, according to a message received from the Bangladesh High Commission in London yesterday (Wednesday).

High Commissioner Tasneem also recommended to BIDA for creating a special ‘focal point’ for facilitating green financing, clean technology, recycling and renewable energy projects – the priority sectors in the UK’s overseas investment.

Terming the BBG, a group of British multinational investors in Bangladesh, ‘as brand ambassador’ to promote fresh British investment in Bangladesh, she encouraged BIDA and the government to provide all-out support to the BBG so they can re-invest their retained profit in Bangladesh.

The High Commissioner also encouraged G2G institutional cooperation between BIDA, Department for International Trade and Department for Business Energy and Industrial Strategy

In her statement, she also underlined the need for creating greater B2B and chamber to chamber connectivity between the private sectors of two countries, including the creation of a Bangladesh-UK joint chamber.