China keen to invest Bangladesh power & green technology sector
In a collaborative meeting held at the Bangladesh Investment Development Authority's (BIDA) headquarters, Chinese investors outlined significant plans for joint ventures in Bangladesh's power and green technology sectors.
They shared their interest at a view-exchange meeting with Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Chowdhury Ashik Mahmud Bin Harun at his office in the capital's Agargaon area on Sunday. They highlighted the plan to establish a lithium battery and solar panel manufacturing plant as well as to establish satellite connectivity in Bangladesh through joint investment at the meeting.
BIDA Executive Chairman · Chowdhury Ashik Mahmud Bin Harun presided over the meeting with Chinese business representatives of NAMSS Motors Ltd.
Chairman of the Chinese companies in the delegation Wong Tik Benjamin said Bangladesh was a major reliable market and it was easy to export from here to the outside world.
He said there were currently many battery-powered cars in Bangladesh, but most of the batteries were not technologically advanced.
"Keeping in mind that the number of electric vehicles in the world will increase by many times in the future, we have decided to establish a high-quality lithium battery production centre," Benjamin added.
He also shared investment plans to establish a solar panel manufacturing plant and an advanced communication satellite connection in Bangladesh through joint investments.
Brigadier General Shafiquzzaman (Retd.), Managing Director of Nams Motors Limited, expressed similar enthusiasm, emphasizing that the partnership aims not only for profitability but also to contribute to Bangladesh’s push for green technology and pollution reduction.
BIDA’s Executive Chairman Chowdhury Ashik Mahmud Bin Harun expressed gratitude to the Chinese delegation and outlined the benefits of investing in Bangladesh.
He emphasized BIDA’s support for foreign investors, noting that BIDA has a dedicated country officer system to expedite services for foreign investment processes. “We are committed to providing all necessary support for investors and invite Chinese investors to capitalize on Bangladesh’s growing economy,” he added.
He further said that in the case of foreign investment, we have our own country officers for each country so that investors can get investment services quickly. At this time, he urged Chinese investors to invest in Bangladesh. The BIDA Chairman believes that this investment will contribute to the country's economic development, reduce environmental pollution, and solve the unemployment problem by creating new job fields.
