FBCCI seeks S Korean investment in infrastructure, MMF sectors

25 Feb '22

1 min read

Pic: shutterstock.com

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently urged South Korean investors to invest in the country’s infrastructure and man-made fibre (MMF) sectors. FBCCI president Mohammad Jashim Uddin said this during a meeting with South Korean ambassador to Bangladesh Lee Jang-Keun. This year marks the golden jubilee of diplomatic ties between both.

“Bangladesh is enjoying a golden time for investment due to its huge domestic market, growing exports, easy availability of power and infrastructure, government policy support and a large working population. The investors would be more benefited who will take those advantages to invest in Bangladesh,” Jashim Uddin was quoted as saying in a press release.

The FBCCI chief said the federation will discuss with the Bangladesh Investment Development Authority (BIDA) the issue of organising roadshows or investment summits in South Korea to highlight investment opportunities in the country.

The bilateral trade volume was $2.014 billion between January and November 2021 compared to $1.303 billion in 2020, read the release.

Both sides decided to hold a business dialogue this year between the Korea-Bangladesh Chamber of Commerce and Industry (KBCCI) and FBCCI.

Fibre2Fashion News Desk (DS)

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