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Norway interests to invest in Bangladesh

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November 7, 2000 

Dhaka (UNB) – Encouraged by the country’s favourable investment climate, Norwegian investors have expressed keen interest to invest in Bangladesh.

Norwegian Ambassador to Bangladesh Gerd Wahlstrom said this when she called on BOI chief M Mokammel Haque at his office here today.

She hoped that the investment ties between Bangladesh and Norway would continue to widen.

Welcoming the Norwegian envoy, the BOI Executive Chairman focussed on friendly relations between the two countries and discussed the matters of mutual interests.

He informed the envoy that at present Norwegian investment outlay stands at 193 million US dollars in Bangladesh, said press release.

Mokammel said the total investment registered with the Board of Investment (BOI) at 13.29 billion US dollars during 1996-2000 compared to 5.78 billion US dollars in previous five years. “And this has been possible due to pragmatic measures taken by the government.”

The BOI chief also informed the ambassador about government policy to give priority on boosting local investment in SME and foreign investment in capital intensive areas.

Mentioning Bangladesh’s geopolitical location, Haque said Bangladesh with a private sector led export oriented economy can be a service centre like Singapore for serving a potential market consisting of Bhutan, Nepal and Northeastern states of India and Northern Myanmar.