Home / Knowledge / News / Textiles / Country is Bangladesh's 3rd major source of FDI
Country is Bangladesh's 3rd major source of FDI
04
Jun '10
Sri Lanka is the third major source of foreign direct investment (FDI) of Bangladesh, following US and South Korea, noted Mahbub Uz Zaman, the Bangladeshi High Commissioner of Sri Lanka, in a meeting with the Sri Lankan Prime Minister, DM Jayaratne, at his office in Colombo.

While discussing the bilateral relations between Sri Lanka and Bangladesh, Mr. Zaman said that, majority of Sri Lankan investors are involved in leather, garment, and chemicals industries of Bangladesh.

Bangladesh employs almost 2,000 Sri Lankan people, of which most work in the apparel industry, according to the High Commissioner. Around 400 Sri Lankan's visas are approved per month to enter Bangladesh.

Vast possibilities are there in future for both the countries to diversify their trading activities, predicted Zaman, specially if one observes that, the trade between the two countries is not that significant at the moment.

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Abhishek Ganguly
Puma India

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

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

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...

Steve Cole
Xerium Technologies

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search