Malaysian firm keen to invest $3b
Malaysian Agate Group yesterday showed interest to invest $3 billion in power, human resources development and international trades in Bangladesh, said a commerce ministry official.
The visiting Managing Director of Agate Group, Sultan Abdul Kadir, showed the interest at a meeting with Commerce Minister Faruk Khan at his secretariat.
Kadir is leading a 13-member Malaysian business delegation to examine the investment potential in Bangladesh, said an official who attended the meeting.
During the meeting, the Agate chief proposed establishing a 1,000-megawatt coal-based power plant, setting up schools to train nurses and export of 1.5 million tonnes of palm oil to Bangladesh.