Bangladesh Set to Attract Investments from Africa in RMG and Textile Sectors
Bangladesh is poised to welcome investments from African entrepreneurs and businesses, particularly in the ready-made garment (RMG) industry. A delegation comprising nine members, including six women and three men, is scheduled to visit Bangladesh from March 11th to March 16th.
During their visit, they will engage with key stakeholders, including the Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA), to explore investment opportunities in various sectors.
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The BSEC, in its endeavor to promote international investment, recently organized a significant roadshow in South Africa aimed at forging closer economic ties between Bangladesh and Africa’s leading economies. This initiative reflects Bangladesh’s commitment to diversifying its sources of investment and expanding its capital market horizon.
Last year, Bangladesh hosted a conference titled “The Rise of Bengal Tiger: Bangladesh Trade & Business Summit” in Johannesburg, South Africa. The event provided a platform for discussions on new business avenues and opportunities between South Africa and Bangladesh.
As a result, nine individuals, institutions, and organizations expressed interest in investing in eleven sectors of Bangladesh’s economy, including the lucrative RMG and textile sectors.
The upcoming visit of the African delegation underscores the growing interest in Bangladesh as an investment destination, particularly in key sectors like RMG and textiles.
By fostering partnerships with African entrepreneurs, Bangladesh aims to further strengthen its position as a global leader in the garment manufacturing industry while driving economic growth and creating employment opportunities.
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