Jun 20, 2022
Turkish investors already established in the South Asian nation participate in high-profile outreach organized by the country’s apex investment promotion agency
The Bangladesh Investment Development Authority (BIDA), the apex investment promotion agency of Bangladesh, has showcased multi-billion dollar investment opportunities in industries offering unique growth opportunities for Turkish investors.
Over 50 representatives of Turkish businesses attended the Bangladesh Investment Seminar, the first event of the Bangladesh Investment Roadshow Türkiye, at Divan Istanbul from 10:00am to 1:30pm on Tuesday.
Md. Siazul Islam, Executive Chairman of BIDA, delivered the keynote presentation, and welcoming new Turkish investments, he offered the Government’s end-to-end support for Turkish businesses that invest in Bangladesh. He discussed Bangladesh’s readiness to receive high-value investment and presented the niche opportunities available for new Turkish investors in Agribusiness, Ready-made Garments, Textile, IT-ITeS, Health Services & Medical Equipment, Automobile & Auto Parts, Blue Economy (shipbuilding/fisheries/marine tourism) and Tourism and Hospitality.
“For Bangladesh, Türkiye offers a promising market for foreign investment. We are celebrating the synergies in our culture and using them to deepen our economic relationship. As one of the fastest and most resilient economies of Asia, Bangladesh offers higher corporate profitability compared to peers and Turkish businesses are flourishing in our stable economy and friendly environment. Turkish investors are our best ambassadors and we are conducting this outreach with their active involvement and support,” said Md. Sirazul Islam.
H.E. Mr. Mosud Mannan, Ambassador of Bangladesh to Turkey, Mr. Mohammed Nore-Alam, Consul General, Consulate General of Bangladesh in Istanbul addressed the Seminar. Mr. MHM Fairoz, Managing Director & CEO, Singer Bangladesh Ltd, Arçelik, shared his experience in Bangladesh. Mr. Hidayet Onur Özden, Chairman, Türkiye-Bangladesh Business Council, Mr. Md. Jashim Uddin, President, Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), Mr. Cemal Can Dincer, Chief Commercial Officer, Arçelik, Mr. Gökhan Tezel, Chief Executive Officer, Aygaz and Mr. Md. Ahsan Kabir, Executive Director, Adamjee Export Processing Zone, Bangladesh, joined the interactive panel discussion as experts.
Bangladesh Investment Roadshow, Türkiye is being organized by BIDA, in partnership with the Bangladesh Embassy in Türkiye and the Bangladesh Consulate General in Istanbul, and in association with the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) from 20 June to 24 June, 2022 in Istanbul and Ankara. The Koch Group’s Arçelik, which in 2019 acquired the majority shares of Singer Bangladesh in the home appliance manufacturing and retail sector, is supporting BIDA’s Roadshow. On 24 June, 2022, the Bangladesh delegation, comprising of Government and private sector representatives from Bangladesh, will hold bilateral talks with counterparts and Turkish government representatives in Ankara.
Bangladesh Investment Development Authority (BIDA) is the apex investment promotion agency of the Government of Bangladesh under the Prime Minister’s Office. BIDA promotes and facilitates the entry and growth of private businesses and advocates business-friendly policies.