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28. August 2017

BANGLADESH: Taiwan shows interest to produce plastic raw materials in BD

Taiwan has shown interest in investing in the country's plastic sector especially in producing raw materials required for the industry.

A visiting high-level Taiwanese delegation expressed the interest in a meeting with the leaders of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) at its headquarters in the capital city of Dhaka Wednesday (23 Aug 2017).

Headed by Taiwan External Trade Development Council chairman James C.F. Huang, the delegation is in Dhaka to explore the investment opportunities and relocation of their industries in the country, according to a statement.

Bangladesh's economy is growing fast in Asia and the country is a lucrative place for investment, BPGMEA president Md Jashim Uddin told the delegation.

Some 5,000 plastic factories across the country are producing a wide range of plastic products like PVC pipe, hangers, household items, toys, poly bags, furniture, woven sack bags and packaging items, he added.

The industry with an annual average growth rate of more than 20 per cent has created an employment for about 1.2 million, he said, explaining the opportunities to invest in the sector.

The BPGMEA president requested the delegation to invest in the sector especially in raw materials segment and relocate their machinery producing units here.

He also invited the delegation to participate a three-day plastic fair scheduled to be held from 31 January 2018.

Expressing the willingness to invest in the country, Mr Huang said they were now exploring the market opportunity.

The delegation also informed that they were also interested in relocating some of their industries from China.

Source: Daily “The Financial Express”, Dhaka; 23 Aug 2017

(Syed Rashid Ali, Karachi, Pakistan)

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