A high-level business delegation from China visited the Bangladesh Investment Development Authority and the Bangladesh Economic Zones Authority to explore investment opportunities in Bangladesh鈥檚 growing renewable energy sector.
The meeting, held at the BIDA conference room, was chaired by Chowdhury Ashik Mahmud Bin Harun, executive chairman of the BIDA and BEZA on Sunday, said a press release on Monday.
During the session, the Chinese delegation, comprising representatives from major renewable energy companies such as LONGi Green Energy Technology Co Limited, Tongwei Co Limited and Yunnan Show, presented their advanced technologies and successful international projects.
These companies expressed strong interest in investing in Bangladesh to support the country鈥檚 renewable energy goals, particularly in solar energy.
The delegation was welcomed by Ashik Mahmud, who also highlighted Bangladesh鈥檚 enormous potential for foreign investments in renewable energy.
He emphasised the government鈥檚 commitment to creating a favourable investment climate, offering significant benefits such as tax holidays, duty-free imports and a skilled workforce.
Ashik Mahmud further assured the Chinese investors that the BIDA and BEZA were fully prepared to provide comprehensive support, making Bangladesh a prime destination for investment.
Nahian Rahman Rochi, head of business development at the BIDA, elaborated on Bangladesh鈥檚 unique value proposition as an investment destination during his presentation, particularly for renewable energy.
He emphasised the surging local demand for renewable energy, advantages of manufacturing in Bangladesh and potential for high returns on investment.
Nahian noted the several government initiatives were underway to promote the use of solar energy by industries, with a special focus on rooftop solar systems.
During his presentation, Nahian also highlighted the several reform initiatives taken by the BIDA to improve the investment climate.
With Bangladesh鈥檚 ambitious goal to achieve 40 per cent renewable energy by 2040, Nahian emphasised the importance of the local market, which is driven by the country鈥檚 170 million population.
He urged investors to focus on this growing market and submit investment proposals, noting that the BIDA, BEZA, and other government agencies would continue to provide support to ensure the success of such ventures.
Wang Feng from the Chinese delegation mentioned, 鈥榃e are willing to fully understand Bangladesh鈥檚 market demand, investment policies, cooperation methods and other aspects in the field of power and energy, and are willing to discuss the fields, prospects and potential of future cooperation between Yunnan and Bangladesh, even China and Bangladesh.鈥�
The meeting ended with a multi-stakeholder networking session, where representatives from local solar energy players, commercial banks, law firms and international industries gathered to explore potential collaborations.
The discussions were expected to further strengthen economic ties between Bangladesh and China, particularly in the renewable energy sector.
