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LFHCK a.k.a LiFeHaCK

Bangladesh Lands $2.1 Billion in Investments and Loans From China

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Dhaka [
Bangladesh
], March 28 (ANI):
Bangladesh
has obtained a pledge of $2.1 billion from China
investment
loans, and grants from the Chinese government and its enterprises during Chief Advisor
Muhammad Yunus
‘s “milestone” visit to
China
.

Bangladesh
Local officials and China’s ambassador to Dhaka, Yao Wen, stated that approximately 30 Chinese firms have committed to investing $1 billion in the dedicated Chinese Industrial Economic Zone following an appeal from the Chief Adviser for private businesses to increase their investments.
Bangladesh
‘s manufacturing sector.

China
also intends to provide approximately $400 million for the modernization of the Mongla Port project and around $350 million for the development of
China
The Industrial Economic Zone will receive an additional $150 million for technical assistance. The remaining funds will be provided through grants and various loan mechanisms.

“The visit marks a significant event,” stated Chinese envoy Yao Wen regarding the Chief Advisor’s inaugural four-day long diplomatic trip.
China
.

Ashik Chowdhury, who serves as the Executive Chairman
Bangladesh
Investment Development Authority and
Bangladesh
The Economic Zone Authority stated that the visit might trigger a significant increase in Chinese investment.
investment
to
Bangladesh
.

In the bilateral discussion, Professor Yunus asked President Xi Jinping for permission to allow Chinese private enterprises to invest greenlight projects.
Bangladesh
.

Chowdhury stated that President Xi expressed his support for encouraging Chinese companies to shift their production facilities abroad.
Bangladesh
As they seek to expand their production locations.

This trip will significantly influence numerous Chinese firms to consider investing.
Bangladesh
“It’s only a question of when,” he stated.

On Friday, Professor Yunus and Ashik Chowdhury provided an overview to representatives from over 100 Chinese firms, including several leading global enterprises, about investment opportunities in manufacturing.
Bangladesh
, particularly in advanced textiles, pharmaceuticals, light engineering, and renewable energy sectors. The discussions took place during three interactive sessions held in Beijing.

“The feedback so far has been extremely positive,” he stated. (ANI)

Provided by SyndiGate Media Inc.
Syndigate.info
).

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