Plastics and ceramics emerged as key areas for potential business cooperation between Bangladesh and Kuwait, with Bangladeshi industry leaders inviting Kuwaiti investors to explore opportunities in petrochemicals and a possible joint venture to manufacture tableware ceramics in Kuwait.
The opportunities were discussed at an online meeting between Bangladeshi business representatives and the Kuwait Chamber of Commerce and Industry, organised by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Wednesday.
FBCCI Administrator Md Fazlul Hoque chaired the meeting, attended by business leaders, diplomats and industrialists from both countries.
Hoque invited Kuwaiti businesses to invest in Bangladesh’s leather, plastics, ceramics, processed food, garments and information and communication technology sectors, highlighting the country’s industrial capabilities and scope for joint ventures.
Bangladesh’s Counsellor (Political and AOC) in Kuwait Mohammad Moniruzzaman highlighted opportunities for Bangladeshi garments, leather goods, ICT services and plastic products in the Kuwaiti market, citing its high consumer purchasing power.
The Bangladesh Embassy was working to strengthen business contacts and partnerships between the two countries, he said.
Bangladesh Plastic Goods Manufacturers and Exporters Association President Md Shamim Ahmed urged Kuwaiti entrepreneurs to invest in Bangladesh’s petrochemical industry.
PRAN-RFL Group Chairman and CEO Ahsan Khan Chowdhury said Bangladesh imports substantial volumes of petrochemical and petroleum products from Kuwait, creating scope for joint investment.
He also called for the removal of visa complications to make business travel between the countries easier.
Bangladesh Ceramic Manufacturers and Exporters Association President Mainul Islam invited Kuwaiti investors to explore Bangladesh’s ceramics sector.
Citing domestic constraints in electricity and gas supplies, he also proposed cooperation to establish a tableware ceramics factory in Kuwait.
Kuwait Chamber representative Abdul Aziz highlighted the potential for Bangladeshi finished ceramic products in Kuwait’s housing market.
Kuwait Chamber Deputy Director General Imad Al-Zayed assured the Bangladeshi delegation that the chamber would help strengthen business links and facilitate information exchange between entrepreneurs in the two countries.
FBCCI Secretary General Md Alamgir, business leaders and representatives of the Bangladesh Embassy in Kuwait also attended the meeting.
