Dhaka – Malaysia can explore the opportunity of Bangladesh’s chief labour for more investment for mutual benefit, a top businessman of the country said on Friday.
Abdul Matlub Ahmad, president of Federation of Bangladesh Chamber of Commerce and Industry, made the comment at a three-day exposition organized jointly by Malaysian External Trade Development Corporation (MATRADE) and Malaysian Association of Indian Women Entrepreneurs and Professionals (WiE)in Dhaka.
Ahmad said Dhaka and Kuala Lumpur could be mutually benefited if the Malaysian investors come to Bangladesh to take advantage of cheaper labour.
“It will help reduce the production cost on the one hand and will help the consumers to get the product within reasonable price as many Malaysian products are destined for Bangladeshi market,” the FBCCI chief added.
Therefore, Malaysian investors should come up direct with investment stead of looking for market for their products that involve higher costs at their home, he suggested.
“It is better they (Malaysian investors) to look for more investment in Bangladesh,” Ahmad said adding that Bangladesh and Malaysia need to remove the existing trade barriers.
Bangladeshi businessmen are highly keen if the Malaysian government and businesses are interested to boost their economic relations.
Malaysian High Commissioner to Bangladesh Nur Ashikin Mohd Taib welcomed the proposals floated by the Bangladeshi business man saying that the two countries could initiate dialogue over the matters.
“I will definitely take the matters to the Malaysian government if Bangladesh is serious,” she said.
The three-day Malaysian product exposition will come to an end on December 12. The show will remain open between 10 am to evening every day.
The inaugural session of the exposition was presided over by WiE president Swapna Das. It was also addressed by President of Bangladesh Women Chamber of Commerce and Industry Selima Ahmad, president of Bangladesh Malaysia Chamber of Commerce and Industry Md. Alamgir Jalil, president of Association of Grassroot Women Entrepreneurs Bangladesh Moushumi Islam among others.