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Bharat Tex Compendium

Thai Govt may invest in textile & RMG sector

29 Mar '07
1 min read

A 15-member delegation of Thai Board of Investment, led by Vittaya Praisuwan attended a meeting organized by Metropolitan Chamber of Commerce and Industry (MCCI) in Dhaka yesterday.

Thai industrialists are looking for destinations with cheap labour and low cost of infrastructures for expanding their textile and RMG industry. Bangladesh fulfilling both requirements has caught the attention of these entrepreneurs.

During the meeting, Thai Ambassador in Dhaka Suphat Chitranukroh referred to a Memorandum of Understanding (MoU) signed between Petrobangla and a Thai company to conduct a study on energy exploration.

MCCI President Latifur Rahman stressed that investments in sectors like textile, paper and pulp, energy have tremendous prospects and since Bangladesh has established itself in the leather industry and produce quality leather and footwear, investments can be made in these sectors as well.

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