Amazon, Chevron, Coca-Cola, Boeing keen to invest in Bangladesh: State minister
The state minister said the meeting also focused on streamlining the investment process and eliminating any barriers that might discourage new American companies from investing in Bangladesh
American conglomerates like Amazon, Chevron, Coca-Cola, and Boeing are interested in investing in Bangladesh, State Minister for Commerce Ahasanul Islam Titu said on Tuesday (28 May).
"We are working to make it easier for American companies to invest and operate in Bangladesh. The goal is to ensure that these companies can operate smoothly without any hindrances," he told reporters after a meeting with a delegation of the US-Bangladesh Business Council at the Ministry.
The state minister said the meeting also focused on streamlining the investment process and eliminating any barriers that might discourage new American companies from investing in Bangladesh.
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At the meeting, a representative from Amazon was present. "We discussed the opportunities and potential for Amazon to connect Bangladeshi products to the global supply chain and supply them to the Bangladeshi market. They mainly talked about Bangladesh's e-commerce infrastructure," he added.
Amazon, the largest e-commerce platform, plans to establish a central warehouse in Bangladesh from which it will collect products to sell regionally and internationally.
The US delegation also discussed the activities of energy, digital payments, and startup companies.
Titu mentioned that the United States-Bangladesh Business Council aims to address three main issues: facilitating market access for Bangladeshi products, facilitating US investment in Bangladesh, and strengthening US-Bangladesh relations. These initiatives are part of the government's Smart Bangladesh strategy for strategic growth.
In response to concerns about some American companies withdrawing their investments from Bangladesh's capital market, Titu emphasized the importance of welcoming international conglomerates interested in coming to Bangladesh.
He said, "If Facebook, Amazon, Chevron, Coca-Cola, and Boeing join the business value addition of Bangladesh, the country's path to progress will be easier."
The state minister also mentioned that Bangladesh is graduating from the Least Developed Countries (LDCs) category, scheduled to be effective in 2026. He emphasised the importance of gaining market access in different countries within the next two years.
Titu assured that the government is working to attract international investors with policy support, noting that Bangladesh represents a significant market with a stable government expected for the next five years.
