Taiwan shows interest to produce plastic raw materials in BD

Dhaka,  Sun,  24 September 2017
Published : 23 Aug 2017, 22:05:02
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Taiwan shows interest to produce plastic raw materials in BD

FE Report


Taiwan has shown interest in investing in the country's plastic sector especially in producing raw materials required for the industry.

A visiting high-level Taiwanese delegation expressed the interest in a meeting with the leaders of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) at its headquarters in the city Wednesday.

Headed by Taiwan External Trade Development Council chairman James CF Huang, the delegation is in Dhaka to explore the investment opportunities and relocation of their industries in the country, according to a statement.

Bangladesh's economy is growing faster in Asia and the country is a lucrative place for investment, BPGMEA president Md Jashim Uddin told the delegation.

Some 5,000 plastic factories across the country were producing a wide range of plastic products like PVC pipe, hangers, household items, toys, poly bags, furniture, woven sack bags and packaging items, he added.

The industry with an annual average growth rate of more than 20 per cent has created an employment for about 1.2 million, he said, explaining the opportunities to invest in the sector.

The BPGMEA president requested the delegation to invest in the sector especially in raw materials segment and relocate their machinery producing units here in the country.

He also invited the delegation to participate a three-day plastic fair scheduled to be held from January 31 next.

Expressing the willingness to invest in the country, Mr Huang said they were now exploring the market opportunity.

The delegation also informed that they were also interested in relocating some of their industries from China.

Former BPGMEA presidents ASM Kamal Uddin, Ferdous Wahed, Shamim Ahmed, senior vice president Giasuddin Ahmed and vice president Quazi Anwarul Haque, among others, were present in the meeting.

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