Adilur Rahman Khan, Adviser to the Ministry of Industries, has called upon Canada to invest in Bangladesh and transfer technology. This appeal was made on Tuesday during a meeting with Debra Boyce, the Chargé d’Affaires of the Canadian High Commission in Bangladesh, at the Adviser’s office in the Secretariat.
During the meeting, Adviser Adilur Rahman Khan highlighted that Bangladesh offers a vast domestic market, along with investment- and industry-friendly policies, plans, and a favorable environment. As a result, both local and foreign investments in Bangladesh are steadily increasing. He also mentioned the Investment Insurance Agreement signed between Bangladesh and Canada on July 12, 1990.
He urged the joint technical committee to review and finalize the draft agreement titled “Agreement Between Bangladesh and Canada for the Promotion and Protection of Investments” for signing.
Senior Secretary of the Ministry of Industries, Zakia Sultana, invited Canada to make significant investments in sectors such as small and medium enterprises (SMEs), leather, sugar, ship recycling, and the cement industry. She also mentioned the plan to establish a gas-based fertilizer plant in Bhola.
The Canadian Chargé d’Affaires expressed that Canadian investors are keen on making substantial investments in Bangladesh. She emphasized the need to identify key investment areas and update the existing agreement between Bangladesh and Canada as soon as possible. She also expressed a willingness to work closely through the formation of a joint team from both countries.
Additional Secretary of the Ministry of Industries, Md. Salim Ullah, and other senior officials were also present at the meeting.
