A MoU between Public Private Partnership Authority (PPPA) of the Prime Minister’s Office and the Embassy of Denmark has set in motion greater Danish and European investment initiatives in Bangladesh.
The partnership builds on the 50 years of strong bilateral relationship between Denmark and Bangladesh, which will increasingly transition to become trade- and investment-led, ensuring that the economies of the two countries stay globally competitive, sustainable, and green, said a media release on Tuesday.
‘‘With a growing population, economic growth, and graduation from LDC status, Bangladesh is becoming a key player on the global stage,” said Danish Ambassador Winnie Estrup Petersen after signing the MoU.
Bangladesh’s wealth of resources and untapped domestic consumption potential has made it a good candidate for investment, she said.
“Ultimately, working together we hope to spark a green industrial transformation by cooperating in sectors like clean water & energy, food & agriculture, urban development and transportation,” the Danish envoy said.
“Concretely, we foresee this as an opportunity to match Bangladeshi needs with Danish strongholds, e.g., in maritime and logistics, to develop sustainable maritime and port infrastructure that will ensure stronger integration of Bangladesh into global supply chains as it continues its growth.”
The Secretary of the Government of Bangladesh and CEO of Public Private Partnership Authority (PPPA), Sultana Afroz (Secretary), echoed the same aspirations, highlighting that public private partnership between Denmark and Bangladesh is a great way to advance Bangladesh’s economic growth with sustainable investments.
“Bangladesh welcomes investors from Denmark and looks forward to opportunities to work together on green technologies and innovative industrial methods. Collaboration paves the path for green transition for both our economies in a positive and fruitful way,’’ she said.