The United Kingdom (UK) has shown keen interest in investing in the recycle industry of Ready-Made Garments (RMG) of Bangladesh.
The British Investment Affairs Minister Lord Dominic Johnson informed this during a bilateral meeting with Prime Minister Sheikh Hasina’s Private Industry and Investment Adviser Salman F Rahman held in London on Friday last. Bangladesh High Commissioner to the UK Saida Muna Tasneem was also present in the meeting.
Highlighting various aspects of the economic growth and social development of Bangladesh under the leadership of Prime Minister Sheikh Hasina, Salman F Rahman sought more investment from the United Kingdom.
Lord Dominic Johnson praised the economic growth and social development of Bangladesh under the leadership of Prime Minister Sheikh Hasina and expressed the hope for more multidimensional and expanded business-trade and industrial investment relations between Bangladesh and the UK.
He said that UK’s export support loan can play an effective role in this regard.
The British minister mentioned more involvement of Airbus in the development of Bangladesh’s aviation sector including the purchase of cargo aircraft from Airbus. Adviser Salman F Rahman said that all necessary cooperation will be provided for the successful holding of the International Aviation Summit in Dhaka at the initiative of Airbus next February. In this conference Airbus can present their various issues to stakeholders.
In the bilateral meeting, Salman F Rahman mentioned that many initiatives have been taken in Bangladesh in recent times in this industry which is labor intensive and helps protect the environment. Reputed and large global consumers have begun to fill a significant portion of their purchases with apparel made from recycled fibers. Being environment-friendly and helpful for the circular economy, its volume will increase further.
Referring to the need for electricity generation in the renewable energy sector, Salman F Rahman said, as Bangladesh is unable to provide the land required for electricity generation in the renewable energy sector, which disrupts food production, the United Kingdom can invest in solar power generation through floating technology. He expressed the opinion that the UK would also invest in agro-processing and other agro-based industries.
Salman Rahman informed Lord Dominic Johnson that the United Kingdom could establish a special economic zone in Bangladesh.
