Bangladesh seeks German investment to set up car assembly plants

Bangla Tribune Desk
Published : 14:56, Oct 18, 2019 | Updated : 15:20, Oct 18, 2019

Bangladeshi Foreign Minister AK Abdul Momen speaks during a meeting with Chinese Foreign Minister Wang Yi (not pictured) at the Diaoyutai State Guesthouse in Beijing, China Jul 5, 2019. REUTERS/FILE PHOTOForeign Minister Dr AK Abdul Momen, on his first official visit to Germany, has invited the German enterprises to invest in Bangladesh for a win-win scenario.
Momen highlighted the current business-friendly policies and environment of Bangladesh while he was addressing the German Federal Association for Economic Development and Foreign Trade (BWA) in Berlin on Thursday (Oct 17), according to a message received on Friday (Oct 18).
The foreign minister called upon German companies to invest in infrastructure, renewable energy and manufacturing sectors of Bangladesh, reports BSS.
Mentioning different facilities at the Special Economic Zones, set up by Bangladesh government in different areas across the country, he called upon German global car manufacturing giants like Mercedes, BMW and Volkswagen to set up their assembly plants in the Bangabandhu Sheikh Mujib Shilpanagar in Chattogram.
Momen assured full support of the government of Bangladesh in ensuring profitable investments by German companies.
Referring to the National Skills Development Authority (NSDA), recently formed under Prime Minister Office, Momen urged Germany to assist Bangladesh in building a strong workforce of skilled young population.
He explained the strong workforce will create a win-win situation for Bangladesh and the potential German investors.
President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr Rubana Huq also participated at the meeting along with the foreign minister.
On the same day, Momen also addressed the Seventh International Conference on Bangladesh organized by the Bangladesh Forum in Germany where he highlighted the Bangladesh government’s endeavour in achieving its vision 2021 and vision 2041.
He also explained the Rohingya crisis to the international audience and called for more active role of Bangladeshi friends in solving the crisis urgently.
The foreign minister also held a meeting with Member of German Federal Parliament and Chairman of the South-Asian Parliamentary Group Tobias Pflüger.
He urged the Chairman to take appropriate measures in the parliament to ensure fair prices for Bangladeshi textile products in German market.