Join 96,527 users already on read.cash

Hungary will invest in various sectors including medicine in Bangladesh

0 7 exc
Avatar for Kafi7871
Written by   2
1 year ago

Own reporter | Banglabazar Published: September 10, 2020, 10:56 p.m.

Hungary will invest in various sectors including medicine in Bangladesh

Hungary has expressed interest in investing in various sectors including medicine in Bangladesh. Notable among these are agrofood processing, pure water management and pharmaceuticals.

Hungarian Foreign Minister Peter Cিজzizerto, who is on a one-day visit to Dhaka on Thursday, expressed interest.

This is the first visit of a foreign minister to Bangladesh during a coronavirus infection.

Hungarian Foreign Minister Peter Cescarto arrived in Dhaka on an official visit on Thursday. He is also the country's commerce minister.

During the visit, he said. He had separate meetings with Abdul Momen and Commerce Minister Tipu Munshi.

After paying homage to the portrait of Bangabandhu Sheikh Mujibur Rahman in Dhanmondi with flowers, Peter Cesijarato had a meeting with Commerce Minister Tipu Munshi at the Secretariat.

Foreign Minister hosted a luncheon in his honor at noon. This is Abdul Momen.

State guest building Padma said. There was a meeting between Momen and Peter Ceszarto.

At the end of the meeting at the press conference. Momen said this is the first time a foreign minister has visited Bangladesh during the Kovid period.

We have discussed various cooperation sectors including Rohingya repatriation, electronics, agro processing.

He added that Hungary has expertise in electronics, technology, medical science, nuclear and tourism, and they invest abroad.

We have informed that there are good sectors and opportunities for investment in Bangladesh.

Dr. Momen said the Russian company Rostam is building similar nuclear plants in Bangladesh and Hungary.

Hungary will provide 30 scholarships to Bangladeshi students for study and training in this regard.

Besides, there will be 100 scholarships for studying various subjects including medicine.

Hungarian Foreign Minister Peter said this is the first visit of a Hungarian Foreign Minister to Bangladesh.

We are supporting various resolutions in support of Bangladesh at the United Nations. He said, I will open a consulate office in Bangladesh.

He said a loan of 21 crore Euros would be given to Hungarian businessmen to do business in Bangladesh, adding that Hungarian companies would be able to do business in this big market and their global position would be strengthened in the new situation.

It will be good for Bangladesh too. Because, we are able to give high technology.

Earlier, Peter Cesijarato had a meeting with Commerce Minister Tipu Munshi at the Secretariat.

He expressed interest in investing in agro-food processing, pure water management and pharmaceutical sectors in the special economic zone of Bangladesh.

The two ministers discussed the formation of a joint trade commission.

Commerce Minister Tipu Munshi said Bangladesh's trade relations with Hungary are long-standing.

There is a lot of opportunity to increase trade and investment between the two countries. He said Bangladesh is providing attractive facilities in various fields including tax on foreign direct investment (FDI).

Bangladesh is a big market for products of about 160 million people. Hungary will benefit if it invests here.

On the proposal of the Hungarian Foreign Minister, Tipu Munshi said that the formation of a joint trade commission between the two countries would make it easier to identify trade and investment sectors.

Commerce Minister Tipu Munshi said Bangladesh is the world's second largest exporter of readymade garments. About 48 lakh workers work in this sector.

The government has given financial incentives to keep the industry afloat. The export trade has been kept active by keeping the factories open in compliance with the health rules.

According to the demand of various developed countries including the United States, world-class masks, PPE and various medical products are being exported.

Bangladesh has been able to make Covid-19 resistant fabric. The demand for these is increasing in different countries.

Bangladesh is producing world class medical products and exporting to about 142 countries.

2
$ 0.00
Avatar for Kafi7871
Written by   2
1 year ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments