Vol. 5 Num 1070 Tue. June 05, 2007  

$1530m investment proposals from UK, Canada firms

Eight British companies and individuals have signed memorandum of understanding (MoU) with the Board of Investment (BoI) to invest in sectors like power plants, tourism, leather garments, food products, building industry, five star hotels, textiles and financial institutions in Bangladesh.

Meanwhile, about 13 MoU were signed between BoI and Canadian companies and individuals with a total investment proposal of over 600 million US dollars.

The estimated commitments of the UK companies are about 930 million US dollars, said a BoI press release.

The MoU were signed following a seminar on 'Investment Opportunities in Bangladesh' held in London on Sunday organised by BoI in cooperation with Bangladesh High Commission to UK and British-Bangladesh Chamber of Commerce (BBCC).

About 150 British businessmen including non-resident Bangladeshis (NRB) attended the seminar.

As part of the investment promotion mission of BoI, a 4 member delegation led by BoI Executive Chairman Md Nazrul Islam, is now visiting the United Kingdom to attract more British investment to Bangladesh.

Among others, Acting High Commissioner of Bangladesh to UK Ashraf Uddin, Martin Sluchis of Pin Mills Company, Abu Reza Khan and Mamdood Hossain Alamgir of BoI, commercial counselor Shahabuddin Patwary, Ferdous Khan and Didarul Ahsan.

Peter J Fowler, former British High Commissioner to Bangladesh and honorary president of British Bangladesh Chamber of Commerce (BBCC) conducted the seminar.

The BoI delegation will also visit Germany and attend a seminar in Cologne today.

Earlier, the BoI delegation visited Toronto in Canada and held an investment promotion seminar on May 28 in collaboration with local Enterprise Investment Centre and Canada-Bangladesh Business Council.