Business, News

Sri Lankan investors invited to invest in Bangladesh

21 Jan, 2024

Feature Image

The President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Mahbubul Alam invited Sri Lankan businessmen and investors to invest in the Special Economic Zones (SEZ).

The FBCCI President made this call during a courtesy meeting with the high commissioner of Sri Lanka in Bangladesh Dharmapala Weerakkody at FBCCI’s Gulshan office on Sunday afternoon.

Daraz launches Bangladesh’s first-ever free delivery festival

Mahbubul said the government has been establishing 100 special economic zones in Bangladesh with All kinds of facilities including oil, gas, and electricity for the investors.

Besides, one-stop service, e-platform, and many other attractive incentives are on offer to facilitate business and investment in Bangladesh. Sri Lankan businessmen can be benefitted by setting up industry here on their own or in joint ventures, he said.

Bangladesh’s journey: From ‘basket case’ to aspiring economic powerhouse

He said garments, pharmaceuticals, eco-tourism, hospitality, etc. are some of the potential sectors in Bangladesh. If Sri Lankan investors want to invest in Bangladesh, FBCCI will provide all-out support.

Speaking at the meeting, the Sri Lankan High Commissioner Dharmapala Weerakkody said that Sri Lanka has many business entrepreneurs who are interested in doing business in Bangladesh. (Courtesy UNB)

Recommended For You

Feature Image

British Prime Minister appoints Trade Envoy for Sri Lanka

British Prime Minister Theresa May has appointed Ranil Jayawardena, MP, as her trade envoy for Sri Lanka. Jayawardena?s role as trade envoy will be to support and enhance the development of Britain?s trade and investment with Sri Lanka. The Prime Minister?s Trade Envoy will be visiting Sri Lanka from 15th to 17th February to meet with senior members of the Government and engage with British business?s working in Sri Lanka. Jayawardena was elected as the Member of Parliament for North East Ham

07 Feb, 2018

Feature Image

Indian Bank ramping up overseas branches in Sri Lanka

Public sector?Indian Bank?has undertaken initiatives to increase business at its overseas branches in Sri Lanka and Singapore, a top official has said. “Our operations (in overseas) are actually profitable. We have started ramping up activities in both the centres,” the bank’s Managing Director and CEO, Kishor Kharat told PTI. He said the bank had taken steps to increase business levels as there was “slight stagnancy earlier” (in the bank operations). “Having understood the policies, we are i

19 Feb, 2018

Feature Image

Highest foreign direct investments to Sri Lanka in 2017 from China

The highest Foreign Direct Investment (FDI) into Sri Lanka in 2017 came from China, Sri Lanka?s Board of Investment (BOI) said in a statement. The BOI said that FDI into Sri Lanka grew to over US$1.63bn in 2017, doubling from the US$802m achieved the previous year. The BOI, the agency tasked with promoting and facilitating FDI, reported that US$1.63bn has been achieved in 2017, which is the highest ever surpassing the US$ 1.61 in 2014, with solid growth across key sectors. The strong growth i

29 Jan, 2018