BSS, Dhaka
South Africa has urged Bangladeshi entrepreneurs to invest there in different sectors including clothing, textiles and footwear sectors.
The urge was made at a meeting between foreign minister Dr AK Abdul Momen, who is now in South Africa on an official visit, and South African trade minister held on Tuesday, a foreign ministry press release said on Wednesday.
During the meeting, the South African minister strongly suggested that Bangladesh investors may visit South Africa to see the investment opportunities there.
In reply, Dr Momen said that Bangladesh investors have invested in some African countries and if the South African government extends their accord for similar investment, Bangladesh investors are likely to consider investing in South Africa.
He said that collaboration in many sectors like IT and agro-processed industry would provide win-win situation for the both countries.
The South African Trade Minister also underlined the importance of joint ventures between Bangladesh and South Africa.
He suggested sharing knowledge between Bangladesh and South Africa in IT sector.
Both the minister underscored the importance of institutional cooperation in the form of exchange of the visits of trade and business delegations and conclusion of Agreements in the trade, investment and commerce areas.
The Bangladesh Foreign Minister also informed Patel about various facilities and incentives that are provided to the foreign investors in Bangladesh.
Both the ministers agreed to continue cooperation with a view to enhancing trade, economic and business relations between the friendly countries.
Dr Momen also joined an exchange of opinion session with Bangladeshi entrepreneurs in Pretoria of South Africa on Monday.
During the discussion session, the Bangladeshi entrepreneurs identified that South Africa is the business hub for Southern African countries.
Bangladeshi entrepreneurs observed that Bangladeshi garments manufacturers should consider exporting their products to South Africa.
They also said Bangladeshi investors can consider purchasing such land and invest in agro-based industries like fruits and vegetables production and processing.
The Bangladeshi entrepreneurs also suggested that real estate business in South Africa could also be explored by Bangladesh investors.
Besides, they mentioned that mining industry is the biggest sector in South Africa and the Bangladeshi investors can also explore this area.
