Home / Knowledge / News / Textiles / China to boost investment in Bangladesh: envoy

China to boost investment in Bangladesh: envoy

23
Mar '19
China to boost investment in Bangladesh: envoy
China would facilitate more investment by its companies and small and medium enterprises (SMEs) in Bangladesh, according to Chinese ambassador to the country Zhang Zuo. While meeting Dhaka Chamber of Commerce and Industry (DCCI) President Osama Taseer recently, Zhang said the Embassy of China in Bangladesh will work closely with DCCI to facilitate this process.

In 2017-18, China’s foreign direct investment (FDI) in Bangladesh, which has immense potential in blue and coastal economy, increased and China has invested more in Bangladesh than any other country, a DCCI press release quoted Zhang as saying.

Around 200 large Chinese companies and 200 Chinese SMEs are operating in Bangladesh, he said.

He invited DCCI members to participate in the Shanghai Import and Export Fair 2019 in November.

The bilateral trade between both the nations in fiscal 2017-18 was $12.40 billion.

DCCI sought Chinese FDI for RMG product diversification and allied technology transfer and urged for quick implementation of duty-free and quota-free market access for Bangladesh. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 21st Jul 2019

Vietnam's export revenue in Jan-Jun $18 bn

Vietnam's export revenue during January-June this year totalled...

Pic: Garrett Souza/Massachusetts Institute of Technology

Textiles | On 21st Jul 2019

MIT, FIT collaborate on advanced fibres and tech

MIT and the Fashion Institute of Technology are working on the...

Pic: Ellen Macarthur Foundation

Apparel/Garments | On 21st Jul 2019

Make Fashion Circular frames guidelines for jeans

The Ellen MacArthur Foundation's Make Fashion Circular initiative has ...

Interviews View All

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Jash Choraria,

Jash Choraria

Established in 2015 by <b>Jash Choraria</b>, Unifynd is a Mumbai-based...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra,

Bani Batra

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

Pranav Mishra, Huemn

Pranav Mishra
Huemn

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

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

Leave your Comments


July 2019

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

news category


Related Categories:

Advanced Search