Bangladesh offering big investment opportunities for Turkish businesses

Various Bangladeshi sectors like agro-processing, readymade garments, textile, health, ICT, construction and infrastructure offer great investment opportunities for Turkish businesses.

“Dhaka is delighted to be a key partner under Turkey’s ‘Asia Anew’ initiative’,” Prime Minister’s Private Sector and Investment Adviser Salman Fazlur Rahman told a webinar on Thursday.

The “Turkey and Bangladesh: A New Era in Investment and Trade” was co-hosted by Bangladesh Investment Development Authority (BIDA) and DEiK - Foreign Economic Relations Board of Turkey.

“We’re proud to see many prominent Turkish companies have already been investing here and hope to see more in near future,” said DEiK President Nail Olpak.

Turkish Ambassador Mustafa Osman Turan said early investors will reap the benefits available in Bangladesh. “The Turkish government will continue to facilitate and support public-private and B2B partnerships in the coming days,” Turan said.

President of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) Sheikh Fazle Fahim said Bangladesh and Turkey may strategise through bilateral value chain initiative utilising Turkey’s technology and knowledge transfer through joint ventures.

He stressed joint investment and partnership in areas of joint R&D, skill, ICT, joint seed development, agro-food processing, MSMEs, tech start-ups, creative and cultural start-ups, construction, shipbuilding, textile, durable consumer goods, and service cooperation in logistics, hospitality, software, hardware, cyber security components, and defense among others.

BIDA Executive Chairman Md Sirazul Islam moderated the webinar while Bangladesh Economic Zones Authority (BEZA) Executive Chairman Paban Chowdhury, Bangladesh Hi-Tech Park Authority Managing Director Hosne Ara, Public-Private Partnership Authority (PPPA) Chief Executive Officer Sultana Afroz; Nuzhat Anwar, Acting Country Manager (Bangladesh, Bhutan and Nepal) of International Finance Corporation, and Hülya Gedik, Chairperson of DEİK Bangladesh, among others, attended the webinar.