China keen to invest in industrial sector
UNB
China is keen to invest huge sums in Bangladesh for the development of its industrial sector to make it more competitive, Chinese ambassador to Bangladesh Ma Mingqiang said yesterday, reports UNB.
China will relocate factories to Bangladesh and import products manufactured in those factories, the envoy added while holding a meeting with Industries Minister Amir Hossain Amu at the Ministry of Industries.
Ma Mingqiang said there is scope to manufacture many products including shirts, jackets, sarees, ties, socks and shoes from the jute sector adding that Chinese investors want to invest in this sector.
The Chinese ambassador assured that his country would provide all-out assistance to Bangladesh to have a strong base in the industrial sector.
During the meeting, Amir Hossain Amu said China can invest in Bangladesh to modernize its sugar and newspaper mills, apart from the jute sector and Bangladesh is ready to allocate lands as per demand in this regard.
The minister also said China can invest in heavy industries sector in economic zones apart from investing in light engineering sector.
The ambassador invited the minister to attend the 4th China- South Asia exhibition and 24th China Kunming Import-Export Fair to be held in Kunming of China from June 12-17.
