70 locomotives to be procured from Switzerland

Some 70 locomotives will be procured from Switzerland to improve Bangladesh Railway services, reports UNB.

To import the locomotives, a Memorandum of Understanding (MoU) has almost been completed for signing by the two sides.

Outgoing Ambassador of Switzerland to Bangladesh Christian Fotsch informed Prime Minister Sheikh Hasina about it when he paid a courtesy call on her at her office yesterday.

Prime Minister's Press Secretary Ihsanul Karim briefed reporters after the meeting.

The Ambassador said a Swiss company is also likely to export Liquefied Natural Gas (LNG) to Bangladesh and an MoU is also expected to be signed in this regard.

Highly appreciating Bangladesh's stunning successes and lot of progress achieved under the dynamic leadership of Prime Minister Sheikh Hasina, Christian Fotsch said its GDP growth rate is increasing every year.

Referring to the existing trade between the two countries, he said, the trade imbalance is currently in favour of Bangladesh as the country exports more to Switzerland than it imports from there.

At the meeting, the Prime Minister sought Swiss investment in Bangladesh's various sectors for the mutual benefits taking the attractive advantages offered by her government.

Hasina said measures have been taken to establish economic zones where the investors can build their industries, while the government also established connectivity with neighbours considering the huge market in the region.

70 locomotives to be procured from Switzerland

Some 70 locomotives will be procured from Switzerland to improve Bangladesh Railway services, reports UNB. To import the locomotives, a Memorandum of Understanding (MoU) has almost been completed for signing by the two sides. Outgoing Ambassador of Switzerland to Bangladesh Christian Fotsch informed Prime Minister Sheikh Hasina about it when he paid a courtesy call on her at her office yesterday. Prime Ministers Press Secretary Ihsanul Karim briefed reporters after the meeting. The Ambassador said a Swiss company is also likely to export Liquefied Natural Gas (LNG) to Bangladesh and an MoU is also expected to be signed in this regard. Highly appreciating Bangladeshs stunning successes and lot of progress achieved under the dynamic leadership of Prime Minister Sheikh Hasina, Christian Fotsch said its GDP growth rate is increasing every year. Referring to the existing trade between the two countries, he said, the trade imbalance is currently in favour of Bangladesh as the country exports more to Switzerland than it imports from there. At the meeting, the Prime Minister sought Swiss investment in Bangladeshs various sectors for the mutual benefits taking the attractive advantages offered by her government. Hasina said measures have been taken to establish economic zones where the investors can build their industries, while the government also established connectivity with neighbours considering the huge market in the region.