China keen to invest in Bangladesh’s key sectors amid policy reforms: Bida
Chinese investors have shown heightened interest in key sectors of Bangladesh thanks to recent policy reforms aiming to enhance investment facilitation, said Ashik Chowdhury, executive chairman of the Bangladesh Investment Development Authority (Bida).
Key sectors that attracted interest included renewable energy, ready-made garments (RMG), healthcare, and consumer electronics.
Ashik Chowdhury, also chief of the Bangladesh Economic Zones Authority (Beza), led a high-level Bangladesh delegation to Shanghai and Guangzhou from 20 to 26 July, according to a press release received today.
Keep updated, follow The Business Standard's Google news channel
The visit involved a series of bilateral meetings and an investment seminar to promote Bangladesh as an attractive investment destination.
"We are encouraged by the positive engagement from Chinese companies," said Ashik Chowdhury "These interactions allowed us to highlight recent policy progress in Bangladesh, particularly in areas such as currency stability and the simplification of investment procedures," he added.
At the investment seminar held on 21 July in Shanghai, jointly organised by Bida and the Embassy of Bangladesh in China, over 100 Chinese investors participated.
Notable companies like Handa Industries and New Tiger Energy shared their ongoing investment experiences in Bangladesh and provided valuable insights into the country's evolving investment climate.
The Bangladesh delegation held more than 25 bilateral meetings with Chinese firms exploring new or expanded investments.
Representatives from financial institutions including CitiBank NA, Eastern Bank Limited (EBL), HSBC, and Standard Chartered also engaged in discussions to support future financial collaboration.
The team also explored long-term partnership opportunities with Chinese business associations and members of the non-resident Bangladeshi (NRB) community.
Early discussions were initiated on establishing Bida's first overseas office in East Asia to further strengthen investor support and engagement in the region.
