Turkey keen to invest in SEZ
Turkish envoy says in meeting with EBL officials Star Business Desk Star Business Desk
Turkish businesses are keen to invest in a special economic zone in Bangladesh as it offers attractive incentives for foreign investors, said Turkish ambassador to Bangladesh Mustafa Osman Turan on Tuesday.
The Western Asian country also wants to make an increased investment in Bangladesh and raise the bilateral trade volume through product diversification, he said.
He spoke at a meeting with the senior officials of Eastern Bank Ltd (EBL) at the bank s head office at Gulshan in Dhaka.
EBL Managing Director and CEO Ali Reza Iftekhar briefed the ambassador about its banking operation, its role in overall economic development of the country, Covid-19 response and its role in facilitating foreign trade and investment.
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Business leaders expect recovery by mid-2021
Several business leaders and entrepreneurs have expressed their hope that Bangladesh s economy will start to recover from mid-2021 after the Covid-19 vaccine arrives. We expect the garments sector to recover from June 2021, said Rubana Huq, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
With a vaccine already being disbursed in the UK and US, the Bangladesh government signed a trilateral deal with Beximco Pharmaceuticals and the Serum Institute of India for three crore doses.
The coronavirus fallout on businesses was the most memorable aspect of 2020.
Besides, the ongoing crisis has exposed the garment sector s vulnerability to forced closures and contract losses, Huq said.
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