Photo: Messenger
The visiting South African businessmen have said that they are interested in investing in the jewelry industry of Bangladesh.
The South African delegation said this on Wednesday during a meeting to this effect with the Bangladesh Jewellers Association (BAJUS) in the capital city. The meeting between the BAJUS Executive Committee and the South African business delegation took place at the BAJUS office.
During the meeting, the South African businessmen expressed their keenness to invest in Bangladesh's jewelry sector.
During the event, they emphasized the significant potential present in Bangladesh's jewelry industry, highlighting the mutual investment opportunities available between Bangladesh and South Africa to foster a strong bilateral relationship.
Nokuthula Noki Ndlove, a member of the South African delegation, remarked, "Bangladesh is a developing country with immense potential for investment in the jewelry sector."
He further emphasized that with proper investment, Bangladesh's jewelry industry could progress substantially. BAJUS Vice-President Masudur Rahman noted the continuous advancement of the jewelry sector in Bangladesh, urging the South African delegation to consider investing in this growing industry.
Pawan Kumar Agarwala, a BAJUS executive committee member, pointed out the rising demand for diamond-studded ornaments in the country, underscoring the absence of large-scale diamond-cutting factories. He urged the South African delegation to consider investing in establishing such factories due to the vast potential they offer.
Elisa Makwa represented the South African delegation at the meeting. Alongside BAJUS Vice-President M.A. Hannan Azad, Md. Ripnul Hasan, and Joynal Abedin Khokon, members of the BAJUS delegation, other attendees included Assistant General Secretary Mustafa Kamal, Kazi Nazneen
Hossain, Farida Hossain, Treasurer Uttam Banik, and Executive Committee members Pabitra Chandra Ghosh, Narayan Chandra Dey, Md. Mujibur Rahman Khan, Jaydev Saha, Md. Chalam, and Md. Ali Hussain.
Meanwhile, another development on Tuesday said there will be further expansion of South Africa's foreign trade with Bangladesh. The businessmen said that more foreign investment would increase.
Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA) have given this assurance in a discussion with the business team coming from South Africa.
Nokuthula Patience Ndlovu, managing director of the South Africa-Indian Ocean Rim Business Forum (IORBF) and head of the visiting delegation, led the meeting held at Hotel Pan Pacific Sonargaon in the capital on March 12.
The meeting was attended by a business delegation consisting of the Black Business Council (BBC) and others.
Prime Minister's Private Industry and Investment Adviser and Member of Parliament Salman Fazlur Rahman, BIDA Executive Chairman Lokman Hossain Miah, BSEC Chairman Professor Shibli Rubayat-Ul-Islam, Information and Communication Technology Department Secretary Samsul Arefin and business representatives of Bangladesh were present on behalf of Bangladesh.
In the meeting, the possibilities and opportunities of business, trade and investment in various sectors of Bangladesh were discussed with the businessmen. Following the discussion, members of the African delegation expressed interest in investing in Bangladesh.
Earlier, a road show was held in South Africa in the wake of the 2023 South Africa Trade and Investment Conference, a joint initiative of BSEC and BIDA. Then, on March 11, the African delegation visited Bangladesh for investment.
Messenger/Disha
