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B'desh seeks Pak investment in cotton & yarn sector

26
May '12
Bangladesh Commerce Minister GM Quader has called upon Pakistani investors to invest in partnership projects in Bangladesh's cotton and yarn sector.

Speaking at the opening of the second 'Made in Pakistan Exhibition 2012' organized by Rawalpindi Chamber of Commerce and Industry, Pakistan, the Minister said Pakistani entrepreneurs can consider investing in some of their speciality sectors like cotton and yarn in Bangladesh.

Stating of cotton and yarn industries to be the backward linkage industries of Bangladesh, for which the country imports raw cotton from Pakistan, he suggested that some of the cotton and textile entrepreneurs from Pakistan can set up their production units in Bangladesh and cater to local demand.

The Minister said by setting up units in Bangladesh, Pakistani entrepreneurs can even enjoy duty-free access to many countries across the world.

Pakistani entrepreneurs can take greater benefit of concessional or cheaper access to different world markets by investing in areas where Bangladesh itself is not investing, he added.

The 'Made in Pakistan' exhibition displaying ladies fashion items, handicrafts and fabrics from 67 participating companies will go on till May 27, 2012.

Fibre2fashion News Desk - India


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