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DHAKA, April 9, 2025 (BSS) – Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud Bin Harun today said that a $150 million investment agreement has already been signed with Chinese company.
"An agreement has been signed with a Chinese textile company to invest $150 million in Bangladesh. This will create jobs for about 15,000 people. The Chinese investors expressed their keen interest to invest in Bangladesh. Therefore, 200 investors will soon come to Bangladesh to encourage investment here," he said.
The BIDA Executive Chairman said these while replying to query of journalists at a press conference on overall activities at the end of the third day of the Bangladesh Investment Summit 2025 at a city hotel.
A connection has been made between foreign investors and politicians at this investment summit, he said.
Ashik said that most of the investors at the summit expressed their keen interest in investing in the textile, garment, renewable energy and light engineering sectors.
Highlighting some significant activities of the summit, he said some investors met the Chief Adviser at the latter's office.
Meetings were held with Zara, Lafarge Cement and German representatives, he said, adding that a meeting was also held with the CEO of DP World.
The CEO of DP World has proposed to set up a free trade zone in Bangladesh to expand trade and commerce, he said.
"We need to gain experience before setting up a free trade zone. For this, a delegation will be sent to Bangladesh soon,' Ashik added.
Besides, BIDA signed an agreement with the International Labour Organization (ILO) on Wednesday to improve the living standards of workers to attract Foreign Direct Investment (FDI).
