Economy, Domestic Economy

Iran Vets Investment Potential in Dhaka

Iran Vets Investment Potential in DhakaIran Vets Investment Potential in Dhaka

A 15-member Iranian business delegation led by Mohammad Reza Mowdoudi, an adviser to the Iranian industries, mining and trade minister, visited Dhaka last week and expressed eagerness to invest in Bangladesh. At a meeting with Hossain Khaled, president of Dhaka Chamber of Commerce and Industry, and its board of directors’ members, the delegation showed interest in investing in cement, clinker, rail transportation, polymer, leather, shoes and chemical industries in Bangladesh, Bangladeshi English-language newspaper Dhaka Tribune reported. Khaled invited Iranian businesses to invest in Bangladesh’s readymade garments, textile, shipbuilding, tourism, power and energy, railroad and cement industries. Trade volume between Bangladesh and Iran reached $67.63 million in 2014-15, of which Bangladesh exported goods worth $59.80 million and its imports reached $7.43 million, according to another Bangladeshi newspaper The Financial Express.