Commerce Minister Tipu Munshi has called upon Canadian businessmen to invest in Bangladesh, saying that the country is now a lucrative investment destination after the government initiatives for ease of doing business.
The commerce minister, now in an official visit to Canada, made the call as he met two ministers of Saskatchewan province on Thursday, a commerce ministry release said on Saturday.
“Canada is friendly country of Bangladesh and they have a long business and trade relation. There is still ample opportunity for increasing the business, trade and investment,” he told the Canadian ministers.
“Bangladesh is now an attractive place for investment,” he said, highlighting that the process of setting up 100 economic zones across the country are moving fast and some of them have already come into operation, where many countries have already invested.
He informed that Bangladesh government has given stimulus package facilities for both local and foreign investors apart from simplifying investment formalities with introduction of one stop service for the investors.
“The Canadian investors will get benefited if they invest in Bangladesh. Bangladesh government will provide necessary support to them,” he assured.
The government’s investment-friendly policy has been able to woo local and foreign investors, he said, adding that bilateral trade and businesses can be enhanced through Canadian investment and use of their technology.
Their Canadian delegation praised the recent development of Bangladesh and expressed satisfaction over its investment policy and investment climate, the release says.
They shown interest for investment in Bangladesh and said Canada is trying to increase bilateral trade and investment with Bangladesh.
Saskatchewan province government’s deputy Trade and export development minister Jodi Bank, Global Institute of Food Security CEO Stephen Visscher, Bangladesh Commerce Ministry’s Additional Secretary Md Hafizur Rahman and Commercial Counselor at Bangladesh High Commission in Ottawa Shakil Mahmud were also present at the meeting.