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Change Your Life! |
Seminar on Bangladesh-trade in Singapore today |
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News
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August 30, 2000
Dhaka (UNB) – A seminar on “Investment and Trade opportunities in Bangladesh” will be held in Singapore today (Wednesday) to attract more investment from Singapore. Industries Minister Tofail Ahmed left here for Singapore this morning to inaugurate the daylong seminar as chief guest and present keynote speech inviting Singaporean investors. The seminar is being organised jointly by Singapore-based Singapore Chinese Chamber of Commerce and Industry, Trade Development Board of Singapore and FBCCI, said an official handout. A 25-member business delegation led by FBCCI president Abdul awal Mintoo also left here yesterday to attend the seminar. The seminar is aimed to sensitise more Singaporean investors and traders about prospect of and opportunities in Bangladesh with a view to discover new partners in trade and investment. Meanwhile, Singapore has become the fourth biggest investment partner of Bangladesh. Singaporean investors have so far registered 58 investment projects worth of about 700 million US dollars with Board of Investment. Out of those, 34 projects have already been implemented. As more projects are being registered, mutual trade between Bangladesh and Singapore has totaled 800 million USD in 1999 and is likely to reach at one billion USD this year. In his keynote address, the minister is expected to offer Singaporeans to invest in agro-based industry, IT, frozen food, tourism and service sectors taking the advantage of government’s special incentives. He will also seek market for more Bangladesh products like readymade garment, leather products, ceramic and melamine ware, jute goods, chemicals and services to the Singapore market. |