July 13, 2024
Economy

Bangladesh: An Ideal Investment Destination for Chinese Investors

Bangladesh has been reaffirmed as a prime investment destination, being the world’s second-largest garment exporter, said Maj Gen Abul Kalam Mohammad Ziaur Rahman, executive chairman of the Bangladesh Export Processing Zones Authority (Bepza). He made these remarks during a visit from a 13-member Chinese delegation from the Quanzhou Maritime Silk Road Industry and Commerce Association, led by Jinshan Xu, chairman of Qunfeng Intelligent Machinery Co., to the Bepza office.

The delegation expressed keen interest in exploring investment opportunities within Bangladesh’s Export Processing Zones (EPZ) and the Bepza Economic Zone, according to a press release.

This visit follows a seminar organized by the association in Quanzhou city, Fujian province, China on April 30, aimed at promoting Bangladesh’s investment opportunities. The Chinese delegation also toured the Chattogram EPZ and Bepza Economic Zone on June 30 to gain insights into operational procedures, infrastructural facilities, wage structures, customs processes, and tariffs for land and utilities.

Jinshan Xu acknowledged Bangladesh’s progress in rapidly developing new factories. Md Ashraful Kabir, Bepza’s member of investment promotion, emphasized the support Bepza offers to EPZ investors and encouraged the Chinese delegation to invest in these zones. Additionally, Fazlul Haque Mazumder, executive director of investment promotion at Bepza, provided an overview of Bepza’s operations, facilities, and incentives available to investors.

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