Travel  |  Business World  |  Women's World  |  Entertainment

Change Your Life!

French investors show interest to invest more in Bangladesh

News
Sports
Chat
Travel
Dhaka Today
Yellow Pages
Higher Education
Ask a Doctor
Weather
Currency Rate
Horoscope
E-Cards
B2K Poll
Comment on the Site
B2K Club

December 4, 2000 

Dhaka--(UNB) – Being informed about the incentives, French investors showed interest to invest more in Bangladesh for enjoying better scope and facilities on offer.

French Ambassador to Bangladesh Michel Lummaux conveyed the message to Industries Minister Tofail Ahmed in a meeting at his office here yesterday (Sunday).

Lummaux said Lafarge is going to set up a cement factory at Chhatak with an investment of USD 237 million and another French company is likely to set up an LPG bottling plant in Chittagong at a cost of about USD 50 million.

The French envoy also informed the minister that he was trying to attract more French investment in agro-based industry as it’s a prospective sector in Bangladesh.

“French businessmen and Investors are well informed about Bangladesh and they have shown interest to invest in Bangladesh,” he said.

Expressing satisfaction over the progress of French investment in the country, Tofail Ahmed said: “We are getting lot of responses from foreign investors.”

With the increase of exports, local consumption rate has also increased substantially as the purchasing power of the rural people improved.

“It’s a very good signal for the investors as they will get a local market of 130 million people in addition to their export markets.”

Elaborating the efforts undertaken by the government for the uplift of rural people, the minister said the poverty-alleviation programmes like Asrayan, micro-credits, monthly allowances for the elderly people, VGD and VGF brought tangible changes in rural life.

He said rural infrastructure development, bumper agri-production, self-employment projects created dynamism in rural economy.

“We want to keep up the dynamism by attracting more foreign investment…We prefer more investment from developed countries to get modern technology,” the minister told the French Ambassador.

Send This News to a Friend