Invest in automobile sector -The Asian Age

Dhaka Chamber of Commerce and Industry (DCCI) on Monday urged Chinese entrepreneurs to invest in different sectors, including high-end apparel, backward linkage of pharmaceuticals, leather and footwear, electronics and automobile sector in Bangladesh.

The trade body leaders made the call while meeting with visiting 11-member Chinese trade delegation, led by Chairman of the Liaoning Federation of Industry and Commerce Zhao Yanqing at the DCCI in the city, according to a press release.

Acting President of DCCI Waqar Ahmad Choudhury chaired the bilateral business talk. Mentioning China as the largest trading partner of Bangladesh, Waqar Ahmad Choudhury said, "During 2017-18, bilateral trade of Bangladesh and China was about US$12.40 billion which is 13.85 percent of the total trade of Bangladesh." He informed that FDI inflow from China to Bangladesh reached $1.03 billion largely in power, apparel and financial sector.

He also said that agro-processing offers immense investment opportunities for Chinese investors as this sector is the 2nd largest export sector of Bangladesh. Zhao Yanqing said Liaoning province is situated in the north-east side of China which is near to Korea, Japan and Mongolia. He invited Bangladeshi investors to invest in Liaoning province to tap the export market of Korea, Japan and Mongolia.

Among others, DCCI Vice President Imran Ahmed and its directors Enamul Haque Patwary and SM Zillur Rahman, attended the meeting.