Export To Bangladesh - Business News

Recent weekend had been important greatly for India and Bangladesh as both the countries' Commerce Ministers - Mr Anand Sharma and Mr Muhammad Faruk Khan had a successful dialogue to work out jointly on the avenues boosting Garment industry- the strong economy driver for both the nations.

Bangladesh's overall imports grew by nearly 39 percent with food grains marking the highest rise at 133.30 percent in fiscal 2010-11 (FY11) over those of the previous fiscal, officials said.

apan looks upon Bangladesh in as its future investment ground due to increased production costs in the South-east Asian countries.

A large number of garment exporters are presently looking for business opportunities in Bangladesh, said sources in the readymade garment industry. A prominent exporter from Lahore, requesting anonymity said that a large number of garment exporters were examining feasibilities.

Ahmadul Hoq, president of Bangladesh Call Centre and Outsourcing (BACCO), the industry body representing contact centre and business process outsourcing (BPO), speaks to The Daily Star on business opportunities for the call centre industry in Bangladesh. He works with the government and private sector to create strategies for the country to ensure that Bangladesh is the "next"destination of choice for outsourcing and offshoring.

Bangladesh and Sri Lanka on Tuesday agreed to boost bilateral trade that both sides said was far below its potential in a favourable political climate.

On the back of a boom in apparel exports from Bangladesh, the garment accessory industry too has followed in its footsteps and taken off and is flourishing like never before.

UAE investors are encouraged to make investments in Bangladesh as plenty of avenues are available in joint ventures in fields of processing and canning of fish, fruits, agro-based products, vegetables, dairy and poultry products, a top official of the country revealed.

The tradeoff between risk and reward is one that every businessman faces. This is true everywhere - in OECD states, in China, in India, and is especially the case in Bangladesh.

Exports grew by 40.28 percent in the first eight months of the current fiscal year, compared to the same period a year ago, the government said yesterday.

German State Secretary of the Federal Foreign Office Martin Biesel, accompanied by an eight member business delegation, will arrive on 24 November for a three-day official visit to Bangladesh following Foreign Minister Dipu Moni's visit to Germany in early September. The visit will provide an opportunity to deepen bilateral cooperation as it comes amid signs of growing interest of German business in Bangladesh as a trade and investment partner. The talks will focus on the development of the economic and political framework conditions.

Bangladesh government would upgrade the Lalmonirhat-Burimari Road under the $1.0 billion Indian credit for boosting business between Bangladesh and India through the Burimari landport, officials said Wednesday.

Bangladesh Foreign Minister Dipu Moni arrived in Tripura Wednesday to boost cross-border trade and business with India's eight northeastern states.

Bangladesh has gained four points in global ranking for business start-up raising its position to 107, thanks to 'reform initiatives' taken to cut down on the time of starting businesses.

High-flying Scottish temporary power company Aggreko announced yesterday that it had been selected for a $180 million (£114m) contract to provide 150 megawatts of gas-powered plant in Bangladesh.

The International Monetary Fund, which set out a year ago to sell about 13 percent of its gold reserves, said today that the central bank of Bangladesh bought 10 metric tons of the precious metal for about $403 million.

The Asian Development Bank (ADB) has extended a $100 million loan for a cross-border electricity initiative between India and Bangladesh that will provide impetus for increased regional cooperation in the energy sector in South Asia.ADB's Board of Directors Tuesday approved the loan for the Bangladesh-India Electrical Grid Interconnection Project.

Leading business conglomerate Beximco has set up a joint venture with a Saudi firm to invest nearly $1 billion to upgrade Bangladesh's sole oil refinery.

Leading business conglomerate Beximco has set up a joint venture with a Saudi firm to invest nearly $1 billion to upgrade Bangladesh's sole oil refinery.

Known in the global market for its cheap labour, Bangladesh does not have minimum wages for 34 industries and has not revised wages in a dozen others for the past many years, a media report said Thursday.

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