Bangladesh delegation heads to China to attract foreign investment
Business Report:
A high-level delegation from Bangladesh has departed for China to promote and facilitate foreign direct investment, a cherished goal of the interim government to boost the economy of the country.
According to the Bangladesh Investment Development Authority (BIDA), BIDA Executive Chairman Ashik Chowdhury is leading the delegation for the week-long visit to China aiming at strengthening bilateral investment ties and promoting Bangladesh as a premier destination for foreign direct investment (FDI).
The delegation comprises senior officials from BIDA and BEZA, alongside key representatives from the banking sector, including HSBC, Standard Chartered Bangladesh, and Citi NA.
Speaking prior to the departure, Ashik Chowdhury stated, “We are pleased to have received considerable interest in our visit. We look forward to engaging with Chinese companies and providing them with the information and support they need to invest in Bangladesh.”
During the visit, which spans from 20 to 26 July, the delegation will engage with Chinese business leaders in both Shanghai and Guangzhou.
A major highlight is a business seminar scheduled for 21 July in Shanghai, co-hosted by BIDA and the Embassy of Bangladesh in China.
The event is expected to draw participation from over 100 Chinese investors and companies, with a focus on sectors including electronics, textiles, agribusiness, biotechnology, pharmaceuticals, and medical devices.
The initiative is part of Bangladesh’s broader strategy to deepen economic partnerships and boost investment inflows through targeted outreach and dialogue with global stakeholders.
Earlier on 9 July, at the seminar in the capital, Chowdhury Ashik Mahmud Bin Harun expressed deeper economic integration with China, positioning itself as a promising investment hub for Chinese enterprises
“China is definitely the most likely biggest investor for Bangladesh in the coming years,” he said.
At that time, he also confirmed that a BIDA delegation is set to travel to China in mid-July to promote investment opportunities and strengthen cooperation with Chinese investors.
He also revealed plans to establish a BIDA office in China – a first-of-its-kind overseas outpost for the Bangladesh government.
“We believe the first BIDA outpost should be in China,” he said.
Beyond investment, the BIDA chairman stressed the importance of cultural integration to build long-lasting bilateral relationships.