A Sylhet industrial hub can boost economy

The visiting UK business delegation has suggested that the government set up an industrial hub in Sylhet for strengthening Bangladesh's economy.

The Bangladesh British Chamber of Commerce team met Industries Minister Dilip Barua at his office yesterday.

The minister called upon the British investors and Bangladeshi expatriates in UK to invest in Bangladesh's potential sectors such as shipbuilding, textiles, leather goods, food processing and real estate.

“We can ensure that all facilities will be provided to

the British investors,” he said while exchanging views with a UK business delegation.

The delegation, who arrived here in search of business and investment prospects, called on the minister at his office yesterday.

Referring to the business agreement between Bangladesh and UK signed in 1980, the minister said UK companies can invest in the aforesaid sectors availing of generous facilities offered to foreign investors.

“The government is very much serious about the foreign investors and we will try our level best to ensure security for the foreign investors and their capital in Bangladesh. The UK companies can

invest as Bangladesh might be the best location for future production due to very low cost and availability of labour”, he said.

Referring to the country's emerging and potential ship building sector, Dilip Barua said many countries, including Germany, Sweden and Norway, shown their interest to invest their capital in shipbuilding sector.