German investors explore ship-breaking industry in Chattogram
The investors were particularly impressed by the green initiatives and infrastructure in place.
A delegation of 11 German investors, led by Ambassador Achim Tröster, visited the PHP Ship-Breaking and Recycling Yard in Sitakunda of Chattogram this afternoon (8 April) to explore business opportunities in Bangladesh's ship-recycling industry.
The visitors toured various sections of the facility and expressed keen interest in the technological advancements and environmental practices being implemented at the yard, said Zahirul Islam, managing director of PHP Ship-Breaking and Recycling Industry.
He said the investors were particularly impressed by the green initiatives and infrastructure in place.
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"The delegation is here in Bangladesh to participate in the Investment Summit scheduled for Wednesday at the Hotel InterContinental in Dhaka. As part of their tour, they visited our yard to gain insights into the country's ship-breaking capabilities," said Zahirul.
He added that the German investors showed enthusiasm about the potential for collaboration, indicating they would consider sending German vessels to Bangladeshi green yards for recycling in the future. "If we can attract European ships for recycling, it would be a significant boost for our industry," he noted.
The visiting delegation included Philipp Gläser, Thomas Koening, Werner Kemper, Mathias Peer, Alexandra Lutz, Anna Westenberger, Claudia Wilkens, Almut Rößner, Ines Budarick, and Dr Katharina Berner.
