Sherpa Hossainy's Blog

Thailand seeks land and logistic support

Posted in Bangladesh, Business, Dhaka, Economy, Export and Import by Sherpa Hossainy on July 21, 2011

Published in The Independent on 20 July 2011

Read the article in Independent website

Digital print version

Thailand on Monday sought out land from Bangladesh government to set up new power plant and paper mills and ensure investments flow from Thai entrepreneurs.

“Thai businesspersons are ready to invest here to set up industries, but they are not getting any suitable land,” said Tasanawadee Miancharoen, ambassador of Thailand to Bangladesh.

Logistic support from the government is also a major concern while investing in Bangladesh, she added.

She was speaking at the installation ceremony of the newly formed governing body of Bangladesh Thai Chamber of Commerce and Industry (BTCCI) at Hotel Westin in Dhaka.

The ambassador said that Thailand mainly exports consumer products now, but it would like to invest more in Bangladesh and diversify the bilateral trade, which amounts to almost $1 billion.

“Bangkok Cables would like to come to Bangladesh to set up industry, and there are many power and paper companies in Thailand that would like to invest here,” she added.

Mingpant Chaya, president of Thailand Bangladesh Business Council (TBBC), said, “We could not find any suitable land to set up factories. Lands are very scarce here.”

The TBBC president added that if the government provide the Thai businesspersons with land, which has good infrastructure and transportation facility, they are ready to set up the industries very soon.

Commerce Minister Faruk Khan, who was present as the chief guest, acknowledged the issue and said the government would move to acquire some land in the port city for the Thai entrepreneurs to set up their industries.

MA Momen, president of BTCCI, Sajjatuz Jumma, senior vice president, and Mohammed Ali, vice president, were also present in the ceremony.


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