Longi to Invest in Bangladesh’s Solar Sector, Strengthening Economic Ties
Longi, the largest solar panel manufacturer worldwide, will invest in Bangladesh, as confirmed by Ambassador Yao Wen. Several Chinese manufacturers visited Bangladesh, seeking investment opportunities after an invitation from Chief Adviser Prof Muhammad Yunus. The anticipated official visit of Prof. Yunus to China is expected to strengthen ties further, emphasizing healthcare and manufacturing collaborations between the two nations.
Longi, the world’s largest solar panel manufacturer, plans to establish an office and invest in solar panel manufacturing in Bangladesh, as announced by Chinese Ambassador Yao Wen. This decision follows visits from several top Chinese solar manufacturers in December, who were invited by Chief Adviser Prof Muhammad Yunus to consider relocating their manufacturing to Bangladesh to support the country’s transformation into a significant economic hub.
Ambassador Yao conveyed that at least two Chinese firms, including Longi, have committed to setting up operations in Bangladesh. “They will invest in Bangladesh very soon,” he stated during discussions with Dr. Yunus at the State Guest House Jamuna. Ambassador Yao highlighted that since August 5, Chinese firms have emerged as the largest investors in Bangladesh amid favorable conditions created by the interim government.
He noted a growing interest from numerous Chinese companies, particularly as a dedicated Chinese export processing zone is set to become operational soon. Furthermore, Ambassador Yao emphasized the significance of the Chief Adviser’s forthcoming visit to China, characterizing it as a pivotal moment in the longstanding bilateral relations between the two nations.
Prof Yunus welcomed the influx of Chinese investments, advocating for Bangladesh’s potential as a premier manufacturing hub for exporters to the West. He specifically called on Chinese hospital chains to establish clinics or joint venture healthcare facilities in Bangladesh, underscoring the urgent need for substantial healthcare investments in the country.
Ambassador Yao also mentioned that four hospitals have been designated in Kunming, China, for Bangladeshi patients. Recently, a group of Bangladeshi nationals traveled to Kunming for medical treatments. Additionally, he announced that during the Chief Adviser’s visit, Peking University would honor Prof. Yunus with an honorary doctorate, and he will address the university’s students.
This visit marks the Chief Adviser’s first official foreign trip, where he is expected to participate in the Boao Forum—often referred to as the Davos of the East. There, he will speak on the topic of Asia in a Changing World: Towards a Shared Future, alongside high-ranking officials, including China’s executive vice premier. The Chief Adviser will also have a meeting with Chinese President Xi Jinping on March 28, with plans to release a joint statement following their discussion.
Longi’s investment in Bangladesh represents a significant step towards enhancing the country’s solar energy sector. With Chinese firms increasingly perceiving Bangladesh as an investment opportunity, the upcoming visit of Prof. Yunus to China could further solidify bilateral relations and facilitate Chinese investments in diverse sectors, including healthcare. This partnership signifies Bangladesh’s growing status as a favorable manufacturing hub for global markets.
Original Source: unb.com.bd
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