FBCCI seeks UK partnership for technology transfer

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought partnership with the UK for technology transfer and supply chain development to ensure smooth graduation of Bangladesh from the least developed country (LDC) category.

FBCCI President Md Jashim Uddin made the call at a discussion on "Bangladesh-UK Trade & Investment Roundtable-2022" at London on December 7.

The government is doing everything for creating new opportunities for businesses and investors, Jashim Uddin said.

But to face the challenges of the LDC graduation by 2026 and integration into the fourth industrial revolution, Bangladesh urgently needs technology transfer and joint venture partnership in the global supply chain, he noted.

The president said innovative knowledge should be applied in agricultural and industrial production and services sectors.

The FBCCI wants UK's partnership in these cases, he said.

"We are manufacturers of diversified pharmaceuticals products, leather goods, plastic, frozen seafood, ceramics, jute products, and home appliances."

The UK could invest in Bangladesh in the areas of energy, agro-processing, pharmaceuticals, plastic and petrochemical, engineering, logistics sector, financial services, and support in skills development programme for upgrading Bangladesh's middle managers and workers, he said.

The FBCCI president invited the UK government and business leaders to take part in the "Bangladesh Business Summit", where businesses around the globe take part.

The business summit will showcase the competitiveness of Bangladesh in the above-mentioned areas.