China eyes Bangladesh for green energy, RMG and tech investments

Chinese investors have shown renewed enthusiasm for investing in key sectors of Bangladesh, including renewable energy, ready-made garments (RMG), healthcare, and consumer electronics.

They expressed the interest during a high-profile visit and a series of bilateral engagements by a Bangladeshi delegation to Shanghai and Guangzhou last week.

Ashik Chowdhury, Executive Chairman of Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA), led the Bangladesh delegation to China covering Shanghai and Guangzhou during July 20-26, according to a statement issued in Dhaka on Sunday.

More than 100 Chinese investors took part in an investment seminar jointly organised by BIDA and the Embassy of Bangladesh in Shanghai on July 21.

Chinese investors Handa Industries and New Tiger Energy shared their investment experiences in Bangladesh and offered insights on the country's evolving investment landscape during the seminar.

Besides, the delegation held over 25 bilateral meetings with companies exploring new or expanded investments in Bangladesh.

"We are encouraged by the positive engagement from Chinese companies," Ashik Chowdhury was quoted as saying.

"These interactions allowed us to highlight recent policy progress in Bangladesh, particularly in areas such as currency stability and the simplification of investment procedures. We were pleased to receive positive feedback from Chinese investors on these initiatives."

The delegation of senior officials from the BIDA and BEZA was accompanied by representatives from CitiBank NA, EBL, HSBC and Standard Chartered.

The team also explored avenues for future collaboration with prominent Chinese business associations and members of the non-resident Bangladeshi (NRB) community.

In addition, early discussions were held on establishing BIDA's first overseas office to support sustained investor engagement and facilitation in East Asia.

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