Bangladesh now one of most profitable destinations for investment: British MP
UKBCCI keen to expand trade, investment; 22-member delegation visits Dhaka
The UK-Bangladesh Catalysts of Commerce and Industry (UKBCCI), a prominent organisation representing British-Bangladeshi entrepreneurs, has expressed its intention to expand business operations and investments in Bangladesh.
A 22-member UKBCCI business delegation met the Bangladesh Investment Development Authority (BIDA) today (4 January), urging the creation of an investment-friendly environment to attract more British investors and boost economic growth.
The delegation, led by UKBCCI Chairman Iqbal Ahmed OBE, is visiting Bangladesh to enhance bilateral relations and explore business opportunities.
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The delegation includes key figures such as British MP Dr Rupa Huq, UKBCCI President MG Moula Miah MBE, founder President Bajloor Rashid MBE, and other prominent business leaders and professionals.
Chairman of BIDA Ashiq Mahmud bin Haroon presided over the event. BIDA Managing Director Gazi AKM Fazlul Haque and Secretary Dr Dewan Chowdhury were also present.
British MP Dr Rupa Huq emphasized the immense investment potential in Bangladesh, particularly in sectors like energy, railways, telecommunications, IT, pharmaceuticals, light engineering, education and ready-made garments (RMG).
She highlighted that the country is now one of the most profitable destinations for foreign investment and urged Bangladeshi authorities to streamline investment procedures and provide comprehensive facilities to attract foreign investors.
"The special economic zones and hi-tech parks in Bangladesh offer tremendous opportunities for both local and foreign investors," said Dr Huq.
She also mentioned the UK's strong trade and economic ties with Bangladesh and noted the active participation of British companies in sectors such as agriculture, garments, and pharmaceuticals.
UKBCCI Chair Iqbal Ahmed expressed the organization's interest in exploring opportunities in ICT, garments, infrastructure, engineering, logistics, tourism, financial services, and other sectors.
He stressed the importance of collaboration to foster prosperity for both nations.
Founder President Bajloor Rashid shared insights on the positive feedback received during the delegation's discussions with leaders from public and private sectors, including BIDA officials and business bodies.
The delegation praised the efforts of the Bangladeshi government in creating investment-friendly economic zones and reiterated their commitment to enhancing cooperation between the two nations to drive mutual growth and development.
