The Bangladesh Investment Development Authority (BIDA) has extended an invitation to manufacturers based in China to consider investing in Bangladesh. In an open letter addressed to Chinese investors, BIDA’s Executive Chairman, Chowdhury Ashik Mahmud Bin Harun, underscored the country’s readiness to emerge as an appealing destination for companies looking to relocate or expand their operations.
Chowdhury highlighted the implications of the upcoming post-election changes in the United States, which may result in significant increases in tariffs and duties for Chinese manufacturers.
Potential investment opportunities abound in sectors including garments, electronics, solar value chain, and automotive industries. Chowdhury assured investors that BIDA is dedicated to creating a favourable investment environment, complete with attractive incentive programs and benefits.
In the past month, the BIDA chief has engaged with approximately 200 CEOs from both multinational and local companies, noting a rising interest from Chinese manufacturers seeking to diversify their risks and manufacturing bases.
Drawing on his extensive background in investment banking, he expressed confidence that the political shifts in the US would further influence the trend of Chinese manufacturers looking to expand regionally.
