Thai investors can get opportunities in Bangladesh to invest through the foreign investment friendly policy in the country as we have the similar environmental and cultural ties of both the countries, said Lokman Hossain Miah, Executive Chairman of Bangladesh Investment Development Authority (BIDA).
The BIDA Executive Chairman was addressing a courtesy call on meeting with the newly elected board of directors of Bangladesh-Thai Chamber of Commerce & Industry (BTCCI) at BIDA office, Agargaon in the capital on August 03.
A high profile business delegation from Bangladesh will visit Thailand in November at the time of visit of Bangladesh Prime Minister in BIMSTEC Program and BTCCI seeks all sorts of cooperation and supports from BIDA to make the successful program to Thailand.
BTCCI also requests to BIDA Executive Chairman to make available data regarding on Investment opportunities in Bangladesh specially Tax exemption facility, Incentives, Foreign specialists working at Foreign Companies in Bangladesh etc. and BIDA Executive Chairman assured the business leaders to extend their supports to BTCCI’s proposals.
Lokman Hossain said he has already taken effective steps for promoting and attracting FDIs in the investment friendly govt. policy.
He emphasized on the joint venture between Bangladesh and Thailand in some sectors like Agro-processing, Tourism & Hospitality Management, Jute and Jute goods, Fisheries, Pharmaceuticals etc. and can also get Technical supports from them.
He also said that some significant business sectors are patronized from the Bangladesh Govt. and ensuring the factory’s compliance as per international stakeholders requirements.
Shams Mahmud, President of BTCCI introduced the newly elected Board of Directors of BTCCI to the BIDA Executive Chairman and its officials. He apprised to BIDA officials regarding on the plan of BTCCI to take necessary steps for enhancing bilateral relationship between Bangladesh and Thailand. In this regard both the BTCCI and the BIDA would work jointly their best to boost the Foreign Investment in Bangladesh.
BTCCI President also emphasized on the increasing export from Bangladesh to Thailand such as Pharmaceuticals, Jute and Jute goods, Leather, RMG and Ceramics etc and relocating labor intensive industries in Bangladesh.
Senior Vice President Md. Munir Hossain said that we are providing a low cost production base and competitive labor market for foreign entrepreneurs and govt. took huge changes in the foreign investment policy.
So, FDIs especially Thailand could also play an important role by investing in Bangladesh’s infrastructure like Roads and Highways, Power and Energy and such labor intensive sectors.
