Directors of the UKBCCI attended a meeting on the 25th August at HQ to talk through the UKBCCI’s Business and Entrepreneur Awards, planned for 20th November at the Park Lane Hilton, London. For details on booking seats/table or entering, visit the website: http://www.ukbccibusinessawards.co.uk
With a delegation headed by Bangladesh’s Honourable Land Minister Shamsur Rahman Sherif, the UKBBCI hosted a meeting with the Bangladesh Economic Zone Authority (BEZA), at the UKBCCI offices, in Hanbury Street, in June.
BEZA announced that it’s seeking to establish about 100 “economic zones” in Bangladesh to promote exports and to meet the demand for local manufacturing products. This will be done it is hoped by BEZA setting up 100 economic zones in Bangladesh.
The Land Minister stated that there had never been a better time in Bangladesh for investment and the conditions and benefits being offered by the government – plus the fact that there is no tax levied on investors who invest within the economic zone.
Introduced and chaired by Jamal Uddin Mokoddus, London Regional President of UKBCCI, the meeting was attended by community leaders, commercial councillors from the Bangladesh High Commission, an assortment of media, as well as UKBCCI members and directors of the UKBCCI including Nazmul Islam Nuru, Rohema Miah, Oli Khan, Dr Moula Miah, Jamal Khalique, Harun Miah and Barrister Anawar Babul Miah.
The UKBCCI are planning a trade mission to Bangladesh in 2016.
As Bangladesh is one of the fastest growing economies in the world and is developing in several sectors at pace, the aim of the comprehensive delegation will be to showcase leading British companies to the local business community, and to introduce them to the flourishing Bangladesh economy and market.
To seek out the best business opportunities, the delegation will visit the main cities of Dhaka, Sylhet and Chittagong during a five day visit to Bangladesh. This will see them meeting relevant local businesses and entrepreneurs, Ministers and leading Government officials at the Ministries of Commerce and Education in the capital, and national chambers and industry leaders in all three cities.
Figures from the Bangladesh Bank show the UK was the second largest cumulative investor/source of FDI into Bangladesh in the financial year 12/13 with £159.5m worth of investment projects. Some 100 UK firms have operations locally with the main centres of operation focused around Dhaka, Chittagong and Sylhet.
In particular, the UKBCCI would like to focus the delegation on the following important sectors, many of which are key to both the UK and Bangladesh economy :
• Food Processing
• Service Industry
Aside from the skills and knowledge transferred via the business relationships, the UKBCCI is keen to encourage developing bilateral trade as both the UK and Bangladesh have much to offer each other and grow economically.
Four UCL Undergraduates became ambassadors for the UKBCCI. They were introduced to influential business guests at a UKBCCI meeting in London, January 2015.
The UKBCCI Link Project is a programme that will enhance the way in which businesses can grow, communities can flourish, and individuals can lead more enriching lives. That’s the difference an internship can make and we want to help to make that happen.