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EU investment in shipbuilding, recycling sought

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Staff Reporter
Bangladesh on Sunday sought investment from the European Union (EU) countries to invest in the country’s environment-friendly shipbuilding and recycling industries.
Industries Minister Amir Hossain Amu made the request when EU Ambassador to Bangladesh Pierre Mayaudon met him at his Shilpa Bhaban office in the city.
The Industries Minister further said the government has taken an initiative to build modern shipbuilding and recycling industries in the areas adjacent to Patuakhali Paira Bandar and Patenga in Chittagong.
“EU investors can come up for joint investment in these areas,” Amu said while interacting with the EU Ambassador.
Both discussed various bilateral issues and diversification of Bangladesh’s industrial sector, skill development in the country’s readymade garment industry and rights of forming unions in the Export Processing Zones.
The EU diplomat appreciated Bangladesh’s progress made in the areas of working conditions in the RMG sector.
Mayaudon said Bangladesh can utilize the potential of the shipbuilding industry, pharmaceuticals, IT and leather industry.
He said the EU will implement a seven-year development program in creating skilled workforce in Bangladesh’s industrial sector.
The envoy hoped Bangladesh would turn into a middle-income country before 2021 by maintaining the current trend of economic development.
He also suggested Bangladesh to take necessary steps for availing itself of duty-free trade privilege under the GSP+ initiative.