President of Dhaka Chamber of Commerce and Industry (DCCI) Abul Kasem Khan on Tuesday urged the Philippine entrepreneurs to invest in the infrastructural development projects of Bangladesh.
He came up with the call when Ambassador of the Philippines to Bangladesh Vicente Vivencio T Bandillo met the DCCI chief in the city.
Such trade relations, he thinks, will ultimately boost the bilateral relations between the two countries.
Abul Kasem Khan also stressed the need for introducing direct air link between Dhaka and Manila which will be a catalyst in enhancing bilateral trade volume.
Philippines is a successful country in exporting skilled manpower to various countries, the DCCI chief added.
He proposed collaboration with the Philippines to establish an institution for skill development of Bangladeshi outbound manpower as there is a huge demand of skilled workforce throughout the world, reports UNB.
Philippines as well as the ASEAN region can explore the large market of 160 million people here in Bangladesh. Bangladesh and Philippines can jointly invest in industrial manufacturing like chemicals, construction materials, machineries/transport equipment and electronic products, he mentioned.
Ambassador Bandillo said potential sectors in Bangladesh for Philippines entrepreneurs are information technology, business process management, travel and transport, agriculture and fisheries and processed food industry. Technical education sharing, two-way tourism development, technological research programmes, deepening people to people connectivity are some of the areas where Bangladesh and Philippine can cooperate each other.
Philippines can become a gateway for Bangladeshi businesses into ASEAN region. Investment in biotechnology tools, portable technologies, photonics and nanotechnology in Philippine will get incentives,
the envoy added.
DCCI Vice President Riyadh Hossain, Directors Md Alauddin Malik, Hossain A Sikder, Waqar Ahmad Choudhury, Engr Md Al Amin, SM Zillur Rahman, Kh. Rashedul Ahsan, Humayun Rashid and Secretary General AHM Rezaul Kabir were also present on the occasion.