Home / Knowledge / News / Textiles / Bhutan invites domestic businessmen for making investments
Bhutan invites domestic businessmen for making investments
11
Sep '08
The business community of Bangladesh has been invited to make investments in Bhutan for reaping maximum benefits.

At a meeting held recently with the leaders of the Federation of Chambers of Commerce and Industry, (FBCCI) in Dhaka, Mr Phub Tshering, Secretary General of Bhutan FCCI stated, “Businessmen from Bangladesh can enjoy the foreign investment friendly policy of Bhutan.” A delegation headed by him is presently on a visit to Bangladesh for promoting bilateral trade and investment.

Statistics revealed that in the period from July 2007 – March 2008, imports made by Bangladesh from Bhutan amounted to $10.8 million while exports to Bhutan touched a mere $0.78 million.

Chemical and textile industry goods were among the chief products exported by Bhutan to Bangladesh. On the other hand, Bangladeshi exports to the country largely included woven garments and textile goods while leather footwear and textile fabrics are also likely to be imported in the future.

At the meeting Mr Abul Kashem Ahmed, President of FBCCI stated that although Bhutan has been a business partner of Bangladesh for long, trade volume between the two countries has remained small.

Bangladeshi exports to Bhutan have been fluctuating since the last 15 years in the range of $0.02 to $5.10 million, while imports from Bhutan have varied from $2.21 to $12.83 million.

However, it has been noted that there is immense scope for increasing the bilateral business between the two nations if Bhutan evinces interest in buying Bangladeshi products.

Even Mr Dasho Tshering, Bhutanese ambassador in Dhaka shared similar view asserting that trade between the two countries could be enhanced by utilizing the unexplored potential. He therefore invited Bangladeshi businesses to visit Bhutan for availing the umpteen business opportunities.



Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
July 2017

July 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