The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Sunday called upon the South Korean investors to invest in infrastructure and man-made fibre sectors in the South Asian country.
FBCCI President Md Jashim Uddin came up with the call during a meeting with South Korean Ambassador to Dhaka Lee Jang-Keun at FBCCI office in the capital, a press release said.
“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,” he said.
The FBCCI chief said they will discuss with the Bangladesh Investment Development Authority (BIDA) on organising roadshows or investment summits in Korea to highlight the investment opportunities in Bangladesh.
The trade volume was recorded at $2.014 billion between January and November 2021, which was $1.303 billion in 2020, read the release.
Bangladesh’s export increased $498 million from $393 million in 2021, while Korea’s export to Bangladesh went up to $1.51 billion from $1.033 billion.
Lee Jang-Keun said that Seoul wants to take the bilateral ties to a new level in 2022, marking the 50th anniversary of Bangladesh-South Korea diplomatic relations.
He said efforts are being made to increase Korean investment in other sectors alongside the garment one.
“At present, South Korea is the fifth largest country in terms of foreign direct investment in Bangladesh,” he added.
Bangladesh started its journey of 100 per cent export-oriented ready-made garment with the help of South Korea, the ambassador said, adding that Desh Garments was established in a joint venture with the Korean Daewoo Corporation.
Both sides decided to hold a business dialogue this year between Korea-Bangladesh Chamber of Commerce and Industry (KBCCI) and FBCCI.
