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Speaking to reporters on the Overseas Service Academy, Momen famous the present US funding in Bangladesh is concentrated within the power sector.
Overseas Minister AK Abdul Momen on Monday inspired US companies to diversify their investments in Bangladesh past the power sector.
Speaking to reporters on the Overseas Service Academy, Momen famous the present US funding in Bangladesh is concentrated within the power sector.
He stated there are a lot of potential areas the place Bangladesh seeks international funding.
A delegation from the US, members of the US-Bangladesh Enterprise Council, is visiting Bangladesh till Could 11 to discover financial alternatives between the 2 international locations.
Over 27 executives from throughout sectors like digital, power, monetary providers, insurance coverage, and agriculture are a part of the enterprise delegation.
The delegation met Momen at Overseas Service Academy on Monday afternoon.
The Overseas Minister famous that the US has a robust funding presence in Bangladesh within the conventional sectors equivalent to power, oil, fuel, and mineral assets.
He confused that there’s a big scope for the US traders to diversify their funding portfolio and funds, to put money into the rising areas equivalent to however not restricted to, agro-processing, vehicles, shipbuilding, prescription drugs, renewable power, data and communication expertise and the blue economic system.
The US enterprise leaders appreciated the financial stride made by Bangladesh.
The enterprise delegation expressed eager curiosity to put money into IT, power, monetary providers, and expertise sectors whereas Bangladeshi businessmen invited them to put money into prescription drugs, technical talent improvement, agriculture, and another potential sectors.
That is the maiden go to of the US-Bangladesh Enterprise Council since its inception in April 2021.
The Bangladesh delegation included representatives from the Nationwide Board of Income, Bangladesh Funding Improvement Authority, Bangladesh Financial Zones Authority, Federation of Bangladesh Chambers of Commerce and Industries, Bangladesh Garment Producers and Exporters Affiliation and D-8 Chambers of Commerce and Business.
The enterprise leaders of each side pledged to advance and strengthen the commerce, industrial and funding relations between Bangladesh and the US.
The dialogue centred across the rising financial relationship between the 2 international locations that can set the muse for the subsequent 50 years of the bilateral relationship as Bangladesh transitions from an “aid-dependent” economic system to an “funding and trade-driven” one.
Earlier, US Ambassador to Bangladesh Peter Haas had a short interplay with the delegation on Sunday.
Senior officers of the US Embassy in Dhaka and america Company for Worldwide Improvement (USAID) Bangladesh shared their briefings on high-level alternatives for stronger Bangladesh-US financial and industrial ties.
The aim of the Council’s first commerce mission to Bangladesh is to resume an outdated friendship and discover alternatives for brand spanking new partnerships, stated Jay R Pryor, vice-president (enterprise improvement), Chevron.
Pryor, additionally inaugural board chair of the US-Bangladesh Enterprise Council, stated the US corporations need to contribute to Bangladesh’s spectacular financial improvement.
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