Tuesday, January 16, 2018 | ePaper

S'pore plans big investment in Bangladesh: Envoy

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UNB, Dhaka :
Singapore is looking for investment in a bigger way in Bangladesh as the world is beginning to take notice of "very strong economic opportunities in Bangladesh", says a Singaporean diplomat.
"There's strong interest, there's growing interest," Head of Singapore Consulate in Dhaka Darryl Lau told UNB in an interview at his office indicating significant new investment in Bangladesh.
The strong and very consistent growth profile of Bangladesh has attracted Singapore to engage deeply with Bangladesh like other countries of the world, said the Consul at the Singapore Consulate here.
He said, a very strong business delegation of Singapore apex trade body comprising potential investors will visit Bangladesh next month (likely from July 8-13) for a week to explore areas for investment, especially in infrastructure, power and energy and shipping.
"They'll meet various economic players in Bangladesh and business leaders in Dhaka and Chittagong apart from meetings with relevant Ministers and Bangladesh Investment Development Authority (BIDA)," said Darryl Lau.       
Responding to a question, the diplomat who will be leaving Dhaka after Eid-ul-Fitr, said Bangladesh consistently remains Singapore's important trading partner. "As far as trade is concerned, the relationship is very strong."
Asked about investment climate in Bangladesh, Darryl Lau said countries all over the world compete for investment and companies will navigate towards those countries which are welcoming having clean set of rules, strong rule of law and stable policies.
"All investors will hope to see such kind of parameters being well-established in Bangladesh," the diplomat said adding that significant steps are taken by the government to that direction. He, however, said there is always room for improvement.

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