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CHATTOGRAM, July 12: Chairman of Singapore Business Federation Teo Siong Seng said entrepreneurs from his country want to invest in the education, health and information technology (IT) sector in Bangladesh.
They are also interested in providing training and other supports to high-, mid- and low-level management for skills development, he said.
Besides, they are ready to cooperate in harnessing blue economy, developing infrastructure and special economic zones and expanding trade between the two countries.
Mr Seng said this at a view-exchange meeting with the directors of Chittagong Chamber of Commerce and Industry (CCCI) and business leaders at Bangabandhu Conference Hall at the CCCI in the city.
He led a 25-member delegation of businessmen from Singapore. CCCI President Mahbubul Alam presided over the meeting.
Executive chairman of the Bangladesh Investment Development Authority (BIDA) Kazi M Aminul Islam, executive chairman of Bangladesh Economic Zones Authority (BEZA) Paban Chowdhury, CCCI vice-president Syed Jamal Ahmed, Honorary Consul of Turkey in Chattogram Salahuddin Kasem Khan, Honorary Consul of Italy in Chattogram Mirza Salman Ispahani and vice-president of Chittagong Women Chamber Munal Mahbub also spoke.
Chairman of Chittagong Port Authority Commodore Zulfiquer Aziz talked about the initiatives to expand the activities and services of the prime seaport.
Mr Seng said Singapore is committed to extending its all-out cooperation for the growth of private sector investment in Bangladesh in the near future.
Singapore has a plan to invest in a big way in Bangladesh as part of its investment schemes for the South Asia, he added.
Chattogram has become the prime choice for investment for the Singapore businesses, as the prime seaport is located in this region, he said.
CCCI president Mahbubul Alam expressed the hope that investments from the Singapore businesses would help develop Chattogram into a smart city.
He also expects that the expertise, investments and cooperation of the Singapore businesses would help develop Chittagong port, Mongla port, Payra port and Matarbari deep-sea port.
BIDA executive chairman and BEZA executive chairman gave details on the facilities for foreign investors in the country.
They said the government enacted business-friendly and investment-friendly regulations, including one-stop service, to attract more investment from home and abroad.