Muktadir urges Canadian entrepreneurs to invest in solar power
The minister made the call when Canadian High Commissioner Ajit Singh called on him at Bangladesh Secretariat in the city, said a press release.
Commerce Minister Khandakar Abdul Muktadir today (19 April) invited Canadian entrepreneurs to invest in the country's solar power sector as a primary vehicle for future bilateral trade growth.
The minister made the call when Canadian High Commissioner Ajit Singh called on him at Bangladesh Secretariat in the city, said a press release.
The meeting focused on leveraging Bangladesh's green energy transition and emerging tech sectors to solidify long-term strategic ties between the two nations.
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During the meeting, Khandaker Abdul Muktadir underscored the government's prioritized focus on attracting both domestic and foreign investment to the renewable energy sector.
Highlighting a central pillar of the nation's energy strategy, the minister revealed that the government has already initiated comprehensive activities to reach a 10,000 MW solar power production target.
In a direct call to action for international partners, the minister assured that the government is prepared to offer all necessary policy and institutional support to facilitate foreign capital.
In the meeting, Ajit Singh acknowledged the robust foundation of the Bangladesh-Canada relationship, noting a vast potential for further trade expansion.
He specifically pointed to the Bangladeshi diaspora in Canada as a vital economic bridge, contributing significantly to the prosperity of both countries.
According to the High Commissioner, Canadian investors are increasingly eyeing the Bangladeshi market, with a strategic focus on three key areas, Agri-food, Fintech and Renewable Energy (Solar Power).
The High Commissioner expressed confidence that such sectoral cooperation would not only drive economic returns but also further solidify the friendly diplomatic relations between Dhaka and Ottawa.
The meeting concluded with both parties reaffirming their commitment to a broader economic partnership.
The dialogue was characterized by a mutual intent to transform diplomatic goodwill into tangible trade milestones.
Additional Secretary (Export) of the Ministry of Commerce Md. Abdur Rahim Khan, among others, was present on the occasion.
