S African investors want to invest in Bangladesh's RMG

A seven-member business delegation from South Africa expressed their interest in investing in Bangladesh, especially in the readymade garment (RMG) sector. 

The delegation also called for collaborative efforts between the business communities of both countries to harness mutual interests and opportunities.

The Chittagong Metropolitan Chamber of Commerce and Industry (CMCCI) hosted a pivotal meeting with the business delegation on Thursday at the CMCCI Auditorium in Agrabad Quadri Chamber.

The delegation, led by Nokuthula Patience Ndlovu, engaged in an insightful exchange of views with members of the CMCCI board of directors, prominent businessmen, and stakeholders.

Khalilur Rahman, president of the Chattogram Metropolitan Chamber, presided over the meeting, underscoring the significant investment opportunities available to South African businessmen in Bangladesh. 

Khalilur emphasised the vast potential across various sectors including ICT, infrastructure, textile, and tourism. Highlighting the robust bilateral relations between Bangladesh and South Africa, Khalilur expressed optimism about fostering closer trade ties with the assistance of the CMCCI.

In agreement, Nokuthula Ndlovu lauded Prime Minister Sheikh Hasina's leadership in propelling Bangladesh's development trajectory.

Expressing keen interest in investing in Bangladesh, particularly in the garment sector, Ndlovu noted the conducive business environment and shared developmental aspirations between the two nations. She called for collaborative efforts between the business communities of both countries to harness mutual interests and opportunities.

Jasim Chowdhury, vice president of KDS Group, echoed similar sentiments during the meeting, emphasising the vast prospects and opportunities for trade and investment in Bangladesh across various sectors.

The discussions further delved into specific avenues for cooperation and collaboration, with CMCCI Vice President AM Mahbub Chowdhury, Vice President (Foreign Trade and Affairs) Wahid Raihan Iftekhar Mahmud Russell, Member Alhaj Solaiman Alam Seth, and representatives from KDS Textile, KDS Garments, and KY Steel actively participating and contributing insights.

The exchange meeting served as a platform for constructive dialogue and exploration of synergies between the business communities of Bangladesh and South Africa.

As both nations strive towards economic progress, the commitment to fostering stronger bilateral ties and enhancing trade relations remains paramount.

The collaborative efforts and shared vision unveiled during the meeting underscore the potential for mutually beneficial partnerships, marking a significant step towards realising the untapped opportunities in bilateral trade and investment between Bangladesh and South Africa.