Dhaka //

Adilur Rahman Khan, advisor to the Ministry of Industry, has urged Canada to invest and transfer technology to Bangladesh. He made this call when he met Canada’s Charge of the Affairs Debra Boyce assigned to Bangladesh at the Industrial Adviser’s office on Tuesday (September 24).

Bangladesh has a huge internal market, investment and industry-friendly policy, planning and environment, the adviser said. As a result, local and foreign investment in Bangladesh is steadily increasing. An agreement on investment insurance was signed between Bangladesh and Canada on 12 July 1990. He called for the signing of the draft agreement between Bangladesh and Canada entitled ‘Agreement between Bangladesh and Canada for the Promotion and Protection of Investment’ through the Joint Technical Committee.

Zakia Sultana, senior secretary in the Ministry of Industry, urged Canada to invest heavily in small and medium industries, leather, sugar, ship reprocessing and cement industries. He mentioned the plan to set up a gas-based fertilizer plant at Bhola.

Canada’s charge of affairs said Canadian investors are interested in large investments in Bangladesh. For this, the main investment areas are being identified. The existing agreement between Bangladesh and Canada needs to be updated as soon as possible. For this reason, he expressed his interest to work closely by forming a joint team with Bangladesh and Canada.

At this time, the additional secretary of the Ministry of Industry. Salim Ullah and senior officials of the ministry were present.