German multinational company Siemens is going to invest 7 billion euro to Bangladesh in power sector.
This was disclosed by German State Minister of Federal Foreign Office Annen Niels when he called on Foreign Minister AH Mahmood Ali at the State Guest House Padma Thursday.
“German State Minister Annen Niels MP informed that German giant SIEMENS is going to be the single largest investors in Bangladesh financing 7 billion euro to generate 8,000mwatt electricity in Payra,” said a press release of the foreign ministry.
Niels thanked the government for giving the German Company Veridos, the opportunity to implement e-passport project and expressed happiness on implementation of e-passport project.
He also requested better facilities for German companies who are working in Bangladesh.
Foreign Minister Ali assured of all kinds of supports and facilities for the German investors and asked the German minister to encourage their investors to come to Bangladesh.
The two ministers expressed satisfaction over the steady growth of bilateral trade and investment.
While mentioning that Germany became the biggest trading partners of Bangladesh in the Europe, the foreign minister emphasized on the diversification of export items of Bangladesh to Germany.
It may be mentioned that more than 90% of the exports of Bangladesh to Germany is ready made garments.