To enhance bilateral cooperation and exploring investment opportunities in the jute and shipbuilding industries of Bangladesh, South Korean Ambassador Park Young-sik paid a courtesy visit to Brigadier General (Retd.) Dr. M. Sakhawat Hossain, the Advisor to the Ministries of Textiles, Jute, and Shipping, at the advisor’s office in the Ministry of Shipping on Wednesday.
During the discussion, Dr. M. Sakhawat Hossain invite South Korean investors to explore opportunities in the country’s textile, jute, and shipbuilding sectors.
He said that jute mills, which were once managed by the government, are now undergoing a leasing process both locally and internationally.
Highlighting the government’s efforts to combat environmental pollution, he said, “The production of ‘Sonali Bag,’ made from jute, is already underway. Demand for eco-friendly jute and jute products is growing both locally and internationally.”
Highlighting the role of the Jute Diversification Promotion Center (JDPC), which is working to produce multi-purpose jute products, he also said, “We are exporting environmentally friendly raw jute and jute-based products, and research initiatives are being carried out to further strengthen the jute and textile sectors.”
Turning to the maritime industry, the advisor said, “Several projects related to the Ministry of Shipping are already in progress with South Korea. AS the shipbuilding industry is highly promising I invite Korean investors to consider investing here also.”
Ambassador Park Young-sik said the Bangladeshi government for its initiatives to curb environmental pollution by banning polythene, calling it a ‘global problem’.
He said jute as an eco-friendly natural fiber and expressed hope that South Korea would support Bangladesh’s jute sector.
The ambassador also revealed that a South Korean investment delegation had visited Bangladesh two years ago to explore investment prospects, including a visit to the Matarbari port.
"We are committed to continuing our efforts in this area," said the ambassador.
