Longi’s Investment in Bangladesh: Enhancing Sino-Bangladeshi Relations
Longi, a leading Chinese solar panel manufacturer, will invest and set up operations in Bangladesh. This decision follows recent visits by several Chinese firms to explore investment options. Chief Adviser Muhammad Yunus has welcomed these investments and encouraged collaborations in healthcare. Yunus will soon visit China, marking a significant moment in bilateral relations.
Longi, a prominent Chinese solar panel manufacturer, plans to establish an office and invest in solar panel production in Bangladesh, as announced by the Chinese ambassador to Bangladesh, Yao Wen, on March 16. This decision follows the visit of several leading Chinese solar companies to Bangladesh in December to explore investment opportunities, as part of the government’s initiative to make the nation an economic hub.
Ambassador Yao Wen noted that, from the companies that visited, at least two, including Longi, have committed to setting up their offices and manufacturing plants in Bangladesh. He assured Chief Adviser Muhammad Yunus that these investments would materialize promptly. He further highlighted that Chinese companies have been the largest investors in Bangladesh since August 5, following the ousting of Sheikh Hasina’s regime.
Yao Wen reported that numerous Chinese firms are poised to invest in Bangladesh, primarily due to the imminent establishment of a dedicated Chinese export processing zone. He characterized the upcoming official visit of Chief Adviser Yunus to China as a pivotal moment in the 50-year relationship between the two countries, which he referred to as “trustworthy” and close friends.
In the context of attracting further investments, Yunus expressed optimism about Bangladesh becoming a premier manufacturing hub for exporters to Western nations, appealing to Chinese hospital chains to establish clinics or collaborate on healthcare facilities here. He emphasized the urgent need for considerable investment in healthcare, presenting a unique opportunity for Chinese hospital chains to build institutions in Bangladesh.
Ambassador Yao Wen mentioned that China has allocated four hospitals in Kunming specifically for Bangladeshi patients, with a group traveling there last week for treatment. Additionally, it was announced that Peking University would confer an honorary doctorate upon Professor Yunus, who would also address the university during his visit.
The Chief Adviser’s first foreign trip will include participation in the Boao Forum, a significant gathering for leaders and CEOs discussing global issues, where he will speak on “Asia in a Changing World: Towards a Shared Future.” He is also anticipated to meet with Chinese President Xi Jinping on March 28, with a joint statement expected to follow their discussion.
In summary, Longi’s commitment to invest in Bangladesh reflects a growing trend of Chinese investment in the nation, particularly in the solar energy sector. The upcoming visit of Chief Adviser Yunus to China is poised to strengthen bilateral relations and foster further investments, especially in healthcare and manufacturing. The enhanced cooperation between Bangladesh and China signifies a promising future for economic development in the region.
Original Source: www.tbsnews.net
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