HK businesses keen to invest in Bangladesh

A 24-member business delegation from Hong Kong recently visited Bangladesh to get to know firsthand of investment opportunities as part of efforts under China’s Belt and Road Initiative.  

The delegation from the Chinese Manufacturers’ Association (CMA) of Hong Kong visited Bangladesh at the invitation of Bangladesh Investment Development Authority (Bida) from May 23 to 25. 

The BIDA organised a seminar and business matchmaking session between Bangladeshi companies and the delegation at the InterContinental Dhaka hotel yesterday in order to foster strong economic ties between Hong Kong and Bangladesh.    

“Given the strength of Hong Kong and the potential of Bangladesh, there are many opportunities that will open up from this trip,” said Bida Executive Chairman Kazi M Aminul Islam while addressing the event.

“Beyond manufacturing and export, Bangladesh has great opportunities in its domestic market, which will fully flourish within a few years,” said Dennis WP Ng, president of the CMA of Hong Kong who led the delegation.

“While visiting Chinese-owned Unimas Sportswear factory in Gazipur, we realised that Bangladesh has talented workers who are really focused on their duties. There are Hong Kong journalists travelling with us because we want them to tell the story of Bangladesh,” he said.

The delegation met Foreign Minister AK Abdul Momen and interacted with representatives from Bangladesh Economic Zones Authority, Bangladesh Export Processing Zones Authority and Bangladesh Hi-Tech Park Authority. 

Tommy Lee, chief operating officer of the China Economic and Industrial Zone Project in Anowara, Chattogram, gave a presentation on business opportunities for Chinese investors in Bangladesh.