Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Mahbubul Alam on Tuesday said Nepal could be a good source of clean energy for Bangladesh.
He made the remark during a discussion with a delegation from Nepal, held at the FBCCI Icon in Dhaka. This delegation was led by the Director General (Joint Secretary) of the Department of Industry of the government of Nepal Baburam Gautam.
Alam further said, “The energy sector is one of the most attractive areas for cooperation between Nepal and Bangladesh. Bangladesh is facing a growing demand for power and energy to meet its Vision 2041 to become a developed Smart Bangladesh.
“Importing power from Nepal, especially clean energy, will help Bangladesh to meet the world trade compliances to transfer into renewable energy use.”
The FBCCI president recalled the signing of a memorandum of understanding (MoU) between Bangladesh and Nepal to import 500MW of electricity.
Alam then pointed out, “Bangladesh and Nepal have close cultural and economic ties, and collaborate closely as both are the founding members of (SAARC) and active members of BIMSTEC.
“We are working to develop competitiveness to achieve the trillion dollar journey of our economy and for that we need to focus on market and product diversification to reach this target.”
Nepal can help Bangladesh to meet the demand for power and energy, especially clean energy.
The FBCCI leaders highlighted the revolution and potentials of the RMG sector, pharmaceuticals products, leather goods, plastic, frozen seafood, ceramics, jute products, FMCG and home appliances, ICT sector, and less import cost than the neighboring countries.
Therefore, FBCCI Leaders called on Nepal to take advantage of the exclusive trade and investment opportunities in Bangladesh.
Speaking there, Baburam Gautam said, “The Bangladesh-Nepal partnership speeds mutual respect between the countries. Export items including RMG have high demand in the Nepalese market.”
A PowerPoint presentation was presented on behalf of the Nepalese delegation where tourism, transport, infrastructure, ICT, minerals and natural resources mining, agriculture, and hydroelectricity were highlighted as the potential sectors of Nepal.
Highlighting key opportunities, the delegation urged Bangladeshi businessmen to invest in these sectors.
FBCCI Vice President Khairul Huda Chopol, Joshoda Jibon Deb Nath, Md Munir Hossain, Directors, Secretary General Md Alamgir, and Head of International Wing Ambassador Mosud Mannan were present at the meeting among others.
