A $150 million investment deal has already been inked with a Chinese company, according to Chowdhury Ashik Mahmud Bin Harun, executive chairman of the Bangladesh Investment Development Authority (BIDA).
“An agreement has been signed with a Chinese textile company to invest $150 million in Bangladesh. This will create jobs for about 15,000 people. The Chinese investors expressed their keen interest to invest in Bangladesh. Therefore, 200 investors will soon come to Bangladesh to encourage investment here,” he said.
At a press conference on the overall activities at the end of the third day of the Bangladesh Investment Summit 2025 at a city hotel, the BIDA Executive Chairman made these statements in response to questions from reporters.
At this investment event, he remarked, a link has been established between lawmakers and overseas investors.
According to Ashik, the majority of the summit’s investors indicated a strong desire to fund the light engineering, textile, apparel, and renewable energy industries.
He mentioned that some investors met the Chief Adviser at the latter’s office, highlighting some of the summit’s noteworthy events.
Meetings were held with Zara, Lafarge Cement and German representatives, he said, adding that a meeting was also held with the CEO of DP World.
The CEO of DP World has proposed to set up a free trade zone in Bangladesh to expand trade and commerce, he said.
“We need to gain experience before setting up a free trade zone. For this, a delegation will be sent to Bangladesh soon,’ Ashik added.
Besides, BIDA signed an agreement with the International Labour Organization (ILO) on Wednesday to improve the living standards of workers to attract Foreign Direct Investment (FDI).
