Seeking more Russian investment especially in the power and energy sector, DCCI President Ashraf Ahmed on Tuesday hoped that it will play significant role for a steady economic progress and industrialization in Bangladesh.
President of the Dhaka Chamber of Commerce & Industry (DCCI) expressed this while addressing a business meeting with the visiting Russian trade mission held on Tuesday at DCCI Auditorium in Motijheel.
The 14-member business delegation led by Dr. Alexander Rybas, Trade Commissioner of Russian Federation in India visited DCCI to explore new win-win business opportunities for the entrepreneurs of both these two friendly countries.
Chamber President Ashraf Ahmed said that currently, bilateral trade between these two countries recorded USD 965.61 million where export and import of Bangladesh reached USD 460.39 million and USD 505.22 million respectively, Moreover, the total FDI stock from Russia
to Bangladesh stood USD 17.26 million.
Ashraf Ahmed urged the Russian importers to import more products from Bangladesh especially ready-made garments, pharmaceuticals, jute and jute goods, light-engineering, leather goods, plastics, footwear, shipbuilding, ceramics, IT & ITES products. Leader of the delegation, Dr. Alexander Rybas, Trade Commissioner of Russian Federation in India said that Russia and Bangladesh have been maintaining a cordial bilateral trade relation since long and in 1972, both Bangladesh and Russia signed a joint trade agreement to foster bilateral trade and investment.
He said that Russia has already extended all out support to the execution of Rooppur Nuclear Power Plant in Bangladesh and will continue its cooperation in Bangladesh's energy security and natural gas exploration in the future.
After the meeting the members of the Russian delegation took part in a networking B2B where they expressed their keen interest in doing businesses in Bangladesh.
They said that Bangladesh is nice place for investment. Members of the Board of Directors of DCCI were also present during the meeting.
