LG Corp keen to invest in power, mining | The Daily Star
12:00 AM, May 31, 2012 / LAST MODIFIED: 12:00 AM, May 31, 2012

LG Corp keen to invest in power, mining

Global telecom giant LG Corp that produces electronics, chemicals and telecommunications products is projecting Bangladesh as its next investment destination.
The country's consistent 6 percent GDP growth over the last decade charmed a five-member high-powered delegation of the company that recently visited Bangladesh.
The delegation was led by the company's Asia Senior Vice President Song Chi Ho and Managing Director for Singapore, Malaysia and Phillippines Lee Hoon Jae, according to a statement of the $124-billion company.
During the visit, they called on a number of cabinet ministers, including Planning Minister AK Khandker, Finance Minister AMA Muhith and Commerce Minister GM Quader.
The delegation opined very high of the economic and social development that Bangladesh made over the last couple of decades, creating enabling and conducive investment atmosphere for foreign entrepreneurs.
The visitors also praised the stability that Bangladesh maintained in regional perspective.
They underscored the need for maintaining the stability to upgrade the country to a mid-income economy.
The ministers, however, very categorically highlighted the benefits and incentives offered to the foreign investors.
They gave assurance to extend all possible co-operations to help materialise the investment projects.
Terming Bangladesh as the safest place for foreign investors, the ministers referred the friendly attitude of Bangladeshi people towards foreign nationals.
The LG delegation expressed their keen interest to invest into power, mining and agro-processing that are actually thrust economic areas as projected by Bangladesh government.
As per the present scenario, Bangladesh requires huge foreign investments in these sectors, said the officials of the company that has their offices in over 80 countries,
The delegation also called on Prime Minister's Energy Adviser Towfiq-e-Elahi Chowdhury and Bangladesh Bank Governor Atiur Rahman.

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