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South Korea depicts interest to invest in RMG sector
May '10
South Korea shows interest in investing in various sectors such as RMG, shipbuilding, information technology and service in Bangladesh.

Taiyoung Cho, who recently took over as South Korea's Ambassador for Dhaka, met the Industries Minister, Dilip Barua and spoke to him regarding the interest of industrialists from South Korea.

Cho stated that, in pursuance of their Knowledge Sharing programme, South Korea will impart training in latest technology and technical know-how. This would also accelerate knowledge-centric industrialization in Bangladesh.

Other topics of discussion included, technology transfer, investment in the special economic zones and modes to intensify mutual dealings.

Barua welcomed Korea's proposal for the Knowledge Sharing Programme, and continued by saying that, this would aid Bangladesh to expedite its progress and thereby transform itself into a middle-income country by 2021.

According to Barua, Bangladesh is an ideal destination for South Korea for investments. More so, the Bangladeshi government, with a view to bring in more domestic and foreign investors is establishing special economic zones.

He did advise the investors from South Korea to take advantage of the facilities extended by the Bangladeshi government, besides utilizing the labour force available there at comparatively low rates.

The South Korean envoy revealed to the Minister that till date, investors from Korea have already established over 150 industries in Bangladesh's textile sector, employing over 100,000 persons.

Fibre2Fashion News Desk - India

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