Bangladesh seeks S Korean investment in textile, jute sectors

02 Nov '24

1 min read

Bangladesh seeks S Korean investment in textile, jute sectors

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Insights

Bangladesh's textiles and jute adviser Brig Gen (retd) M Sakhawat Hossain has urged South Korean investors to invest in the country's textile and jute sectors.
Investors can now participate in the lease process as production in closed mills restarts, Hossain told a visiting South Korean delegation.
He said there is immense potential in the country's dockyard and shipbuilding industry as well.

Bangladesh’s textiles and jute adviser Brigadier General (retd) M Sakhawat Hossain recently urged South Korean investors to invest in the country’s textile and jute sectors.

“It is now safe to invest in Bangladesh. The process of participating in the lease process is open to the investors as the government has planned to restart production in closed mills through PPP [public-private partnership] and long-term lease,” Hossain, also the shipping ministry adviser, told a visiting South Korean delegation.

He said there is immense potential in the country’s dockyard and shipbuilding industry as well, domestic media outlets reported.

The delegation expressed interest in visiting mills located in Khulna.

South Korea imports jute from Bangladesh.

Fibre2Fashion News Desk (DS)

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