The UK-Bangladesh Catalysts of Commerce and Industry (UKBCCI), a organisation representing British-Bangladeshi entrepreneurs, has announced its intention to expand business operations and investments in Bangladesh.

The delegation has urged the creation of a more investment-friendly environment to attract additional British investors and stimulate economic growth.

A 22-member UKBCCI business delegation made these remarks during a meeting with the Bangladesh Investment Development Authority (BIDA) on Saturday, held at the BIDA conference room in Dhaka.

The delegation, led by UKBCCI chairman Iqbal Ahmed, is on a seven-day visit aimed at enhancing bilateral relations and exploring business opportunities.

The delegation includes British MP Rupa Huq, UKBCCI president M G Moula Miah, founder president Bajloor Rashid and other business leaders and professionals.

BIDA chairman Ashiq Mahmud bin Haroon, presided over the event.

British MP Rupa Huq highlighted the significant investment potential in Bangladesh, particularly in sectors such as energy, railways, telecommunications, IT, pharmaceuticals, light engineering, education, and readymade garments (RMG).

She said that the country has become one of the most lucrative destinations for foreign investment and urged Bangladeshi authorities to simplify investment procedures and offer comprehensive facilities to attract foreign investors.

‘The special economic zones and hi-tech parks in Bangladesh offer tremendous opportunities for both local and foreign investors,’ Rupa said.

She also mentioned the UK’s strong trade and economic ties with Bangladesh and noted the active participation of British companies in sectors such as agriculture, garments, and pharmaceuticals.

UKBCCI Chair Iqbal Ahmed expressed the organisation’s interest in exploring opportunities in ICT, garments, infrastructure, engineering, logistics, tourism, financial services and other sectors.

He stressed the importance of collaboration to foster prosperity for both nations.

The delegation commended the Bangladeshi government’s efforts in establishing investment-friendly economic zones and reaffirmed their commitment to strengthening cooperation between the two nations to foster mutual growth and development.