Highly appreciating Bangladesh for improving business-friendly environment, a group of Chinese investors said Bangladesh is now an attractive destination for Chinese investments.
They came up with the comments while speaking at a ‘China-Bangladesh Business Forum’, organized jointly by Bangladesh embassy in Beijing and the China Top 500 Foreign Trade Enterprises Club at Hotel St. Regis in Beijing, according to a media release received here today.
A good number of prominent Chinese companies and businessmen attended the forum and Chinese investors can further expand their footprint in Bangladesh.
Chinese businessmen who have businesses in Bangladesh narrated their experiences about setting up of factories and offices in Bangladesh. They highly praised the friendly attitude of the general people as well as the business community.
They praised the stable political situation in Bangladesh and expressed the hope that Bangladesh would soon become a prosperous country.
Yang Qingyun, general manager of Shandong Water Conservancy Construction Group, shared his working experience in Bangladesh and urged other investors to invest in Bangladesh.
At the outset of the programmer, Bangladesh ambassador to China M Fazlul Karim briefed the audience about the Bangladesh’s landmark achievements in different sectors and said Bangladesh’s eligibility to graduate from LDC group to developing country is a testimony to significant progress in social and economic sectors.
Referring to Vision-2021 and 2041, the ambassador said rapid industrialization was needed to spur economic growth and that higher level of FDI flow in required for it to happen.
The government has taken up pro-business and pro-investment policies and a package of lucrative incentives, including full repatriation of capital, tax exemptions, duty free import of machineries are offered for foreign investors, he added.
The ambassador said Chinese companies can invest in a number of sectors such as shipbuilding, pharma, agro-processing, jute, light engineering, jute, ICT, infrastructure and tourism.