Singapore keen to relocate factories in Bangladesh: HC

http://www1.bssnews.net/newsDetails.php?cat=0&id=254065&date=2012-06-03

Singapore keen to relocate factories in Bangladesh: HC

CHITTAGONG,June 3 (BSS) – Singaporean High Commissioner to Bangladesh Chan Heng Wing today said Chittagong could be a suitable destination for Singaporean investors.

Singaporean investors are now reluctant to continue industrial augmentation in China due to soaring of labour cost, Wing said.

So, he said, the investors are now looking for relocating their factories in Bangladesh.

Wing was exchanging views with leaders of Chittagong Chamber of Commerce and Industries (CCCI) on its Chamber premises here.

He also laid emphasis on infrastructural development, supply chain management and creating skilled human resources for attracting huge foreign investment.

Lawmaker MA Latif, CCCI president Murshed Murad Ibrahim, Senior Vice-President Mahbubul Alam, directors — Mahfuzul Hoque Shah and Mohammad Shahin Alam – and consuls of Singapore Darryl Lau and Derek Chua were present on the occasion, among others.

Speaking on the occasion, Murshed Murad Ibrahim favoured development of Bangladesh’s industry sector through Singaporean expertise.

He also stressed the need for making Singapore Visa procedure easier for businessmen.

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