CA seeks Chinese investment

Chief Adviser Fakhruddin Ahmed addresses a meeting with Chinese business leaders at Diaoyutai State Guest House in Beijing on Wednesday.

Chief Adviser Fakhruddin Ahmed yesterday offered an open-arm invitation to the Chinese investors in various potential sectors of Bangladesh assuring them of basic infrastructure facilities and fair and equitable treatment.
The head of the caretaker government made the offer addressing a meeting with business leaders of China at Diaoyutai State Guest House.
“Investment for Chinese investors in Bangladesh is open in all areas. Apart from industries, Chinese investors are (also) welcome in power, communication, road transport and mass transit transport in Dhaka city,” he said.
Referring to the Investment Promotion and Protection Agreement and the Agreement on Avoidance of Double Taxation signed between Bangladesh and China, Fakhruddin said that under the agreements, the government accords fair and equitable treatment to investors from China who will enjoy full protection and security in Bangladesh.
Representatives from 14 companies and business houses attended the meeting. The business houses included Jiangsu Redbud Dyeing Technology Company., China National Complete Plant Import and Export Corporation, China Machinery Import and Export Corporation, China Texmatech, Huawei Technologies, Shijiazhuang Guangming Shoes Industry, Sino-coal International Engineering Designing and Research Institute, ZTE Corporation and Beiqi Foton Motor.
Some of the business leaders who attended the meeting already have investment and businesses in Bangladesh. A number of representatives of different business companies and houses wanted to know about potentiality, government policy and other business related matters.