Dhaka, Nov 28 (V7N) — Chinese investors have expressed strong interest in investing in Bangladesh’s eco-friendly technology, jute, textile, pharmaceutical, and green energy sectors. The announcement was made following discussions with Chief Advisor Professor Muhammad Yunus at the State Guest House Jamuna on Thursday.

Yang Dongning, Vice President of China’s Export-Import Bank (Exim Bank), highlighted China’s focus on the manufacturing sector, beyond its long-standing infrastructure investments in Bangladesh. He noted that Chinese investors are particularly interested in rooftop solar panels, energy projects, biochar production, and plastic alternatives derived from jute, the country’s “golden fiber.” Exim Bank is ready to finance these direct manufacturing investments.

Dr. Ma Jun, President of China’s Institute of Finance and Sustainability, added that the traditional jute industry offers tremendous potential for joint ventures with local entrepreneurs. Chinese companies are prepared to use up to 1 million tons of jute per year to produce green energy, fertilizers, and plastic alternatives.

Welcoming the interest, Chief Advisor Professor Muhammad Yunus said Bangladesh could become a manufacturing hub for exports, particularly in pharmaceuticals and healthcare. He emphasized that China, as the world’s largest producer of solar power, could play a key role in supporting Bangladesh’s green energy initiatives, including rooftop solar projects.

Professor Yunus encouraged Chinese companies to relocate manufacturing plants to Bangladesh, citing the country’s young workforce and idle state-owned jute mills as significant opportunities. He further highlighted the strategic advantages of the country’s southeastern region, with its largest seaport and proximity to Southeast Asian markets like Myanmar and Thailand. Establishing rail links with southern China could further enhance regional connectivity and export potential.

Yang Dongning also mentioned that China is exploring opportunities in artificial intelligence (AI) and e-commerce, areas where China is already a global leader.

The meeting was attended by Lamia Morshed, Chief Coordinator for SDG Affairs, Senior Secretary of the Office of the Chief Advisor, and Yao Wen, Chinese Ambassador to Dhaka, among others. At the beginning of the meeting, Professor Yunus expressed condolences for the recent deadly fire in a Hong Kong residential building.

This development marks a significant step in Bangladesh-China economic cooperation, particularly in promoting sustainable and eco-friendly industrial projects.