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  #1  
Old June 8, 2007, 03:24 PM
GoldenAsif GoldenAsif is offline
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Default 8 British companies to invest $930 million in Bangladesh

8 British cos to invest $930 million in Bangladesh

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By BSS, Dhaka
Mon, 4 Jun 2007, 13:09:00

Eight British companies and individuals have signed memorandum of understanding (MoU) with the Board of Investment (BOI) to invest in sectors like power plants, tourism, leather garments, food products, building industry, five star hotels, textiles and financial institutions in Bangladesh.

The estimated commitments of the companies are about 930 million US dollar, said a BOI press release on Monday.

The MoUs were signed following a seminar on 'Investment Opportunities in Bangladesh' held in London on Sunday organised by BOI in cooperation with Bangladesh High Commission to UK and British-Bangladesh Chamber of Commerce (BBCC).

About 150 British businessmen including non resident Bangladeshis (NRB) attended the seminar.

As part of the investment promotion mission of BOI, a 4 member delegation led by BOI executive chairman Md. Nazrul Islam, is now visiting UK to attract more British investment to Bangladesh.

Among others, Acting High Commissioner of Bangladesh to UK Ashraf Uddin, Martin Sluchis of Pin Mills Company, Abu Reza Khan and Mamdood Hossain Alamgir of BOI, commercial counselor Shahabuddin Patwary, Ferdous Khan and Didarul Ahsan.

Peter J. Fowler, former British High Commissioner to Bangladesh and honorary president of British Bangladesh Chamber of Commerce (BBCC) conducted the seminar.

The BOI delegation will also visit Germany and attend a seminar in Cologne today Tuesday).
http://nation.ittefaq.com/artman/pub...le_36575.shtml
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  #2  
Old June 8, 2007, 03:29 PM
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Kabir Kabir is offline
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They should also invest some on education and libraries. Although, that's non-profit.

I like the tourism part. Wonder what they're planning to do about that. If there's nothing for Kuwakata, khelum na.
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Old June 8, 2007, 03:34 PM
GoldenAsif GoldenAsif is offline
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From the profits these investments generate and the subsequent revenue we gain from taxation we can invest in education and libraries. However we also need to improve our education and educational resources e.g. libraries to be successfully economically.

I am also anticipating lots of major investment from Gulf Arab countries in the next year or two. Saudi prince Bandar bin Sultan has started the ball rolling by buying Rupali Bank.
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Old June 8, 2007, 11:47 PM
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Let the money roll into our economy.
Even our current budget showed a heavy reliance on the FDI and foreign loans.
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