Bangladesh authorities sign MoU with business chamber to increase Chinese investment

Updated: June 15, 2022 Source: Xinhua News Agency
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DHAKA, June 14 (Xinhua) -- The Bangladesh Investment Development Authority (BIDA) and the Bangladesh China Chamber of Commerce and Industry (BCCCI) have inked a Memorandum of Understanding (MoU) on working together to increase Chinese investment in Bangladesh.

BIDA Executive Chairman Md Sirazul Islam presided over the MoU signing ceremony at the BIDA conference room on Monday, the national news agency BSS reported.

Speaking at the signing ceremony, Sirazul Islam said BIDA and BCCCI are already working together to facilitate Chinese investment in the private sector.

"China is one of the major partners in the development of Bangladesh. China has been working directly on many of our government projects. Although, we have a lot of government investment from China, Chinese investment in the private sector is much less than that. Chinese investors are investing hugely in the outside world and we need to take this opportunity," he added.

Editor: Yu Huichen