Business Desk : dhakamirror.com
German Business Council (GBC), a platform of German private enterprises working in Bangladesh, formally began its journey today in Dhaka to promote investment and trade with the country.
Additionally, it will help create a favorable business environment for the European nation’s companies.
Formally registered as a trust in December 2019, GBC’s launch was delayed by the coronavirus pandemic. The platform is managed by five Board of Trustees, representing German renowned business organisations.
“In the past, a genuine representation of German business was missing in Bangladesh. The GBC will be a platform for purely German business interest in Bangladesh,” said German Ambassador Achim Tröster at a press conference in his residence.
He hoped that the GBC would play an advisory role for German enterprises as well as for the German embassy.
Currently, GBC’s 15 members operate in the energy and power, chemical, agriculture, and textile sector in Bangladesh and some of the firms have been working here for decades—even before the independence of Bangladesh.
Speaking at the event, Md Sazzadul Hassan, chairman of the GBC, said: “The GBC also aims to help German companies that want to come to Bangladesh. It will raise voices to the concerns of German businesses operating in Bangladesh too.”
He said that there are plenty of opportunities to diversify exports from Bangladesh to Germany and imports from the biggest economy in Europe. He said some leading companies have shown interest to invest in Bangladesh.
Tawfiq Ali, managing trustee of the GBC, said Bangladesh offers a lot of positive things.
“Every company that tries to grow should understand the growth momentum of this country. Bangladesh could be a good destination for any company that wants to grow. The government of Bangladesh also needs to improve the business environment.”
