‘Large US corporations are fascinated about investing in Bangladesh’ – 2024-05-29 16:48:48

by times news cr

2024-05-29 16:48:48

State Minister for Commerce Ahsanul Islam Titu has mentioned that Amazon, Boeing, Chevron, Coke, Telco and different massive American corporations need to do enterprise in Bangladesh.

He gave this info to reporters after a gathering with a high-level commerce delegation of the USA within the assembly room of the Ministry of Commerce on Tuesday (Could 28) afternoon.

Minister of State for Commerce mentioned, you already know, Amazon is the most important e-commerce platform We are going to construct heart warehouse They are going to accumulate the merchandise from there They are going to then promote them regionally and internationally

He mentioned, we’ve got mentioned the problems in order that the US corporations working in Bangladesh can do enterprise simply Discussions have been held in order that there is no such thing as a hindrance in enterprise

New American corporations, who’re fascinated about doing enterprise in Bangladesh, corresponding to: Amazon was coming right this moment How they will add Bangladeshi merchandise right here, how Bangladeshi market could be added to this international provide chain, these alternatives are coming to us right here,’ mentioned Ahsanul Islam Titu.

The state minister mentioned, 90 p.c of our enterprise is in clothes However there was no garment right here They primarily talked about varied subjects from e-commerce infrastructure of this nation, e-commerce enterprise to power safety of this nation.

He mentioned there was a Chevron consultant right here Telco representatives had been there There have been representatives from digital cost methods Grasp Card and Visa Card Right here they had been represented ranging from the startup stage all the way in which to Boeing Mainly, there are three issues that can work right here, they’re—the Ministry of Commerce is now engaged on market entry This market entry shall be simpler if we will adapt the strategies of ‘Sensible Bangladesh for Strategic Development’. How the funding of USA will come to Bangladesh extra simply That enterprise ought to be in innovation and assist in our important goal employment era. Lastly, to strengthen relations with Bangladesh and the USA,’ mentioned the Minister of State for Commerce

He mentioned, we talked about cotton We’re a significant importer of US cotton They are going to work on how merchandise created from US cotton can get market entry

Bangladesh can have a coverage or not, by which transactions could be executed outdoors the nation? In response to this query, the state minister mentioned, in fact We shall be linked to the worldwide provide chain by a central warehouse

He mentioned, we’ve got not had any unfavourable discussions, all optimistic discussions have taken place We’re not right here for enterprise promotion of any single firm They (US establishments) have include a optimistic angle They need to construct a relationship with us They didn’t talk about any of their enterprise earnings, slightly they mentioned methods to enhance our socio-economic enterprise atmosphere. On the identical time, there was a dialogue on methods to enhance the enterprise atmosphere of our nation

Some US corporations are withdrawing their investments from the Bangladeshi capital market. Is social enterprise vital right now or is it vital to return those that are turning away from massive investments? In response to such questions, the State Minister of Commerce mentioned, “It will be significant for me to have entry to the nation’s market and worldwide corporates who will come to our nation with curiosity, corresponding to: Fb, Amazon, Chevron, Coke, Boeing. If they’re related to the Enterprise Worth Version of Bangladesh, then the way in which ahead for the nation shall be simpler.

He mentioned, we shall be promoted from LDC to creating nation between 2024 and 2026. I need to get entry to the market of various international locations in these two years On this case, they got here to our nation to attach with the US-Bangla Enterprise Council, Market Entry Company Council. When such a giant firm comes by a chamber, it exhibits the sustainable way forward for Bangladesh

He additionally mentioned, we are going to attempt methods to make worldwide market traders fascinated about investing in Bangladesh with our coverage They got here right here with the mindset that there shall be a steady authorities on this nation for the following 5 years and they’re going to work for growth for the following 5 years. Their arrival will open the way in which for us to broaden our new markets and for brand spanking new corporations to return to this nation

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