Industries minister urges Russia to invest in Bangladesh

Industries Minister Nurul Majid Mahmud Humayun has called upon the Russian entrepreneurs to invest in different sectors, including fertilizer, cement, leather and shipbuilding industries, in the country.

 “As Bangladesh is an agricultural country, there is a huge demand for fertilizers here,” he said in a meeting with Russian Ambassador in Dhaka Alexander Vikentyevich Mantytskiy at the ministry yesterday.

In addition, trade relations between the two countries could be further enhanced through joint ventures, Humayun said.

In the meeting, they discussed various issues, including the bilateral investment protection agreement, the minister said.

He also emphasised accelerating the signing process of the Memorandum of Understanding (MoU) between the Bangladesh Standards and Testing Institute (BSTI) and the Russian Federal Agency on Technical Regulation and Metrology.

He said the proposed draft agreement has already been submitted to Russia through the Bangladesh Foreign Affairs Ministry.

Russian envoy assured to take necessary steps in this regard.