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Boosting investment and dev in Bangladesh

CEAB to establish eight branches

Published : 13 Sep 2023 10:14 PM

The Chinese Enterprises Association in Bangladesh (CEAB), with more than 270 Chinese member companies, has announced to establish eight dedicated branches to serve better and boost investment and development activities in Bangladesh.

The announcement at a seminar titled “China-Bangladesh Enterprises High-quality Development Seminar: Achievements and Way Forward.”

Hosted by the Embassy of China in Bangladesh, the programme was held at Bangabandhu Bangladesh–China Friendship Exhibition Centre in the capital Dhaka on Saturday afternoon.

Ke Changliang, the President of CEAB and Country Head of CCECC Bangladesh, reviewed the track records of CEAB in Bangladesh and outlined contributions of Chinese companies made so far to the socio-economic development of Bangladesh in his opening speech. 

“In Bangladesh, Chinese companies have so far built 12 roads and 21 bridges totaling 550 km long, constructed 7 railway lines with a total length of 541.9 km, and implemented 27 power and energy projects whose total installed capacity account for more than 50% of the country”, he said. 

He further highlighted Chinese companies’ active investment in Bangladesh, “In EPZs, more than 25% of investors came from China.” 

In light of the fruitful achievements and increasing demand for high-quality services from Chinese business community in Bangladesh, CEAB, under the guidance of the Chinese Embassy in Bangladesh and local government agencies, decided to subdivid their operations into eight industrial branches, each focusing on specific sectors such as Power and Energy, Information, Communication and Technology (ICT) , Harbour and Port, Roads and Bridges, Water and Environment, Railway and Civil Aviation, Textile and Garments, Trade & Services. 

“We believe that these 8 specific branches of CEAB will boost investment from China, create more jobs for local community, and contribute to the sustainable growth of Bangladesh.” Ke stated.

The establishment of these industrial branches by the CEAB signifies a significant step towards deepening economic ties on the mentioned sectors between the two nations.

The Bangladeshi business community welcomed the Chinese investment and discussed potential projects of cooperation and investment under the aforementioned eight sectors at the seminar. 

Additional Secretary of Economic Relations Division of Ministry of Finance, Mr. A.H.M Jahangir,  the Economic and Commercial Counsellor of the Embassy of China in Bangladesh Mr. Song Yang, Vice President of BGMEA Mr. Syed Nazrul Islam, Chief Engineer of Bangladesh Bridge Authority Mr. Quazi Muhammad Ferdous, Executive President of BKMEA Mr. Mohammad Hatem, PPP Specialist of Public Private Partnership Authority Mr. AM Al-Amin, Managing Director of LDC Group Mr. Zhuang Lifeng, and Managing Director of Powervision Group Mr. Mojibur Rahman  graced and addressed at the Seminar.