Bangladesh has organized a business summit in Beijing to attract Chinese investors and companies, marking a significant initiative during Prime Minister Sheikh Hasina’s visit to China. The summit, titled ‘The Rise of Bengal Tiger: Summit on Trade, Business, and Investment Opportunities between Bangladesh and China,’ commenced on Tuesday morning local time. Prime Minister Sheikh Hasina graced the event as the chief guest.
During the summit, Bangladesh signed 16 memoranda of understanding (MoUs) and agreements with various Chinese companies, aimed at strengthening bilateral commercial ties. These agreements cover a wide range of sectors including digital finance platforms, textile manufacturing, industrial infrastructure, renewable energy, and transportation.
Among the notable agreements, Huawei Technologies (Bangladesh) Limited agreed to invest approximately $50 million to support the development of a smart Bangladesh through digital financial platforms. Another significant agreement involves DEiTEX Bangladesh Limited and Huawei Technologies (Bangladesh) Limited, committing $20 million for digital transformation in Bangladesh’s textile market.
In the economic and industrial zone of Bangladesh, China Road and Bridge Corporation (CRBC) and Ningbo Sixing Company Limited signed a deal worth $400 million for establishing a large-scale PPE and PET bottle production factory on 33 acres of land in Mongla Economic Zone.
Additionally, Billion 10 Communication Limited and CHINTS (Hangzhou) Intelligent EV Company Limited agreed to collaborate on manufacturing electric vehicles in Bangladesh. Similarly, Billion 10 Communication signed agreements with Ningbo Sun East Solar Co. Limited to establish solar parks in Sylhet, along with other strategic partnerships in lubricant oil recovery and refining.
The summit, jointly organized by Bangladesh’s Ministry of Finance, Ministry of Commerce, Ministry of Foreign Affairs, Bangladesh Securities and Exchange Commission (BSEC), Bangladesh Investment Development Authority (BIDA), Bangladesh-China Chamber of Commerce and Industry (BCCCI), and the Embassy of Bangladesh in Beijing, underscores Bangladesh’s commitment to enhancing economic relations with China.
Finance Minister Abul Hassan Mahmood Ali, Foreign Minister Dr. Hasan Mahmud, Private Industry and Investment Advisor to the Prime Minister Salman F Rahman, Commerce Minister Tipu Munshi, Posts and Telecommunications Minister Junaid Ahmed Palak, Mayor of Dhaka North City Corporation Atiqul Islam, and President of BCCCI Gazi Golam Martuza were among the dignitaries present at the summit.
