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CA Yunus to Host Meetings with Chinese, Korean Investors

Greenwatch Desk Diplomacy 2025-04-08, 4:55pm

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Chief Adviser Professor Muhammad Yunus announced on Tuesday that he would host breakfast meetings with Chinese and South Korean investors to address concerns and expedite their investments in Bangladesh.

The announcement came during a meeting with a delegation of Chinese investors at the State Guest House Jamuna, attended by 30 leading investors from sectors such as infrastructure, power, renewable energy, textiles, mobile telecommunications, and IT services, according to Chief Adviser’s press secretary Shafiqul Alam.

Earlier in the day, several South Korean investors also met with Prof Yunus. The meetings are part of the ongoing Bangladesh Investment Summit 2025, with participation from top investors eager to explore opportunities in Bangladesh.

Prof Yunus emphasized the favorable investment climate in the country, highlighting recent trade and labor reforms by the Interim Government. He noted that these reforms would not only attract more foreign investment but also encourage the relocation of Chinese and South Korean manufacturing plants to Bangladesh.

“Over the last eight months, we have created an investment environment like never before,” said Prof Yunus. He also mentioned that the Executive Chairman of the Bangladesh Investment Development Authority (BIDA) would host monthly breakfast meetings with Chinese and Korean investors on the 10th of each month. While BIDA will organize the meetings, Prof Yunus will attend some to hear investors' concerns firsthand.

In addition, the Chief Adviser proposed the establishment of a dedicated hotline and call center for foreign investors to swiftly resolve any issues or complaints.

The Chinese delegation, led by Pauline Ngan, Vice President of Mainland Headgear Company Limited, one of the world’s largest companies, discussed their interests in investing in Bangladesh, particularly in the Chinese economic zones in Chittagong and Mongla. These zones are set to include key infrastructure projects, such as the modernization of a seaport.

During the meeting, Prof Yunus also shared details of his recent discussions with Chinese President Xi Jinping in Beijing, where President Xi reaffirmed China's commitment to fostering investment in Bangladesh. Several companies expressed interest in setting up Bangladesh as their South Asian hub, citing access to both local and regional markets, including landlocked countries like Nepal and Bhutan.

In addition to manufacturing, some Chinese companies indicated a strong interest in the electric vehicle (EV) sector, lithium-ion battery production, renewable energy solutions like wind turbines, and offshore photovoltaic solar power generation.

With these developments, Bangladesh is poised to attract a new wave of foreign investment, reinforcing its position as an emerging manufacturing and technology hub in South Asia.