Nordic countries see potential in agro industries

Bangladesh can achieve food security, eradicate poverty, foster social equality and promote economic growth through responsible investment in agriculture and food systems, according to Agriculture Minister Muhammad Abdur Razzaque.

"Investing in agriculture and the related market system is not merely an option, it is an imperative for the sustainable growth of our nation," he said.

Razzaque made these comments at an event, styled "Investment for Catalyzing Sustainable and Resilient Food Systems", at the Sheraton Dhaka yesterday.

The event was organised by the Nordic Chamber of Commerce and Industry (NCCI) in Bangladesh in collaboration with local embassies of Nordic countries -- Denmark, Norway and Sweden -- and the Global Alliance for Improved Nutrition (GAIN).

Tahrin Aman, president of the NCCI, said that foreign investors, including those from Nordic countries, see the UNFSS Pathway and N4G commitment as a collaborative framework.

They acknowledge the role of the private sector in achieving economic goals and consider these commitments an opportunity to align investments with Bangladesh's sustainable development objectives, he said.

This fosters partnerships for innovation, responsible business practices and technology transfer, he added.

Winnie Estrup Petersen, Denmark's ambassador to Bangladesh, said his country sees great potential in the food, agro and aquaculture industries in the country.

Besides, Denmark is now engaging in knowledge sharing with Bangladesh to improve food safety and greening of value chains in the country.

Rudaba Khondker, country director of GAIN, said food systems are complex and dynamic, requiring the collective effort of governments, the private sector, and sustainable investment.

Public-private partnerships provide a platform for these stakeholders to come together, pool resources, and leverage unique expertise to drive meaningful changes, she added.

Abul Bashar, director general for programming and investment promotion of the Public-Private Partnership Authority, said Bangladesh offers an excellent investment environment and extends a warm welcome to Nordic businesses.

"With a range of incentives and concessions specifically designed for Nordic investors, we aim to create a win-win situation that benefits both parties," he added.