Malaysia Could Invest In Palm Oil-centric Industries In Bangladesh

Minister for Plantation, Industries and Commodities, Zuraida Kamaruddin, in a meeting with Bangladesh High Commissioner in Malaysia, Md Golam Sarwar, at her office in Putrajaya expressed interest to invest in the Bangladeshi palm oil-centric industries to diversify exports.

The aim is to indirectly and directly provide employment opportunities to many people and expand diversified businesses.

Zuraidah recalled the contribution of Bangladeshi workers in the development of Malaysia’s palm oil sector, adding that Malaysia is interested in expanding the palm oil market in Asian countries.

On the other hand, Malaysia would also look for uninterrupted manpower to increase its palm oil production and productivity in the sector.

Golam Sarwar says Malaysian investors can benefit by investing in economic zones and high-tech parks in Bangladesh.

Malaysia could also provide opportunities to Malaysian investors to invest in Bangladesh through special economic zones like the ones in South Korea and Japan.

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