Malaysians keen to invest, but 'unaware' of facilities

BMCCI blames foreign missions
The high-profile Malaysian trade delegation ended its visit to Bangladesh Wednesday expressing their ‘ignorance’ about development of huge investment opportunities for its country in Bangladesh in the recent days for which international tender process has already begun.

They, in particular, mentioned about the Padma multipurpose bridge, Dhaka elevated expressway and elevated highway and said the Malaysian business community is not aware of the Bangladesh investment market, its business facilities and terms and condition, for which many investments have already gone to other Asian countries.

Officials of Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) said the delegation members both from public and private sectors showed their keen interest to invest in the country’s infrastructure development, road construction, housing etc during their visit.

But they expressed their ‘ignorance’ about anything regarding the projects for which tenders have already been invited as well as the opportunities

“The delegation members did not know that Malaysia has opportunity of investment in power plants of Bangladesh, and an opportunity to relocate Malaysian sunset industries,” said Moazzem Hossain, BMCCI president.

He blamed the Bangladesh foreign missions for their failure to make the foreign investors aware of the investment opportunities and said the country has lost many opportunities of investment due to the reason.

The Malaysian delegation led by members of Construction Industry Development Board of Malaysia (CIDB) called on the communications minister and held meetings with leaders of Federation of Chambers of Commerce and Industry and Real Estate and Housing Association of Bangladesh, Chittagong Development Authority and Metropolitan Chambers of Commerce and Industry.

During their three-day visit since April 26, the delegation has explored the possibility of investment in the country’s roads, rail and highways.

However, officials said during the meeting Communications Minister Syed Abul Hossain invited the delegation members to consider their investment in the country’s massive Padma bridge, metro and mono rail projects and Dhaka-Chittagong expressway as there is still possibility of involvement of Malaysian companies in different areas of these projects.

“The government has no problem getting Malaysian companies along with the bid winning companies,” a senior official who was present in the meeting with the Communication Minister said.

thefinancialexpress