Special industrial zone soon to lure KL investment
Dhaka business team tells Malaysians
Unb, Dhaka
A special industrial zone will be set up in Bangladesh with a view to luring Malaysians to invest, the Bangladesh trade and investment promotion delegation, now on a three-day visit to Malaysia, said Tuesday in Kuala Lumpur. The delegation had a meeting with Malaysian Deputy Minister for International Trade and Industry Datuk Ahmad Husni Hanadzlah. The minister said Bangladesh has expressed its intention to further develop the existing trade and investment relations with Malaysia. "They want to bring Malaysian investments to Bangladesh and hope to increase bilateral trade between the two countries," he told reporters after the meeting. The meeting was part of the itinerary of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) delegation to Malaysia from August 22-24, Malaysian news agency BERNAMA reported. The BMCCI organised a one-day seminar on "Doing Business with Bangladesh" at the Malaysian Industrial Development Authority (MIDA) office yesterday and a business matching session today. "BMCCI comprising 22 companies are currently in the Malaysian capital to create a networking with Malaysian businesses with the hope of increasing trade," said the Malaysian deputy minister. In 2005, total trade between Malaysia and Bangladesh stood at RM1.6 billion and from January-June 2006 the trade amounted to RM712 million. Abdul Matlub Ahmad, BMCCI president and head of the Bangladesh delegation, said his country is hoping to attract relocation of labour intensive industries to Bangladesh. "We are not only looking from trade perspective, but also for Malaysian businesses to operate in our country and bring back the finished products to Malaysia," he said. "There are a lot of sectors with potential that Malaysian businessmen can tap, such as textile, electronic and agro-based industries," he added.
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