Home / Knowledge / News / Apparel/Garments / South Korea depicts interest to invest in RMG sector
South Korea depicts interest to invest in RMG sector
07
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

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X