US investment sought in shipping, jute sector sectors

Textiles and Jute Adviser Brigadier General (R.) Dr. M Sakhawat Hussain has urged the United States to invest in Bangladesh’s jute and jute products producing industries and shipping sector.

The adviser said this while the US Embassy Charge d'Affaires Helen LaFave paid a courtesy call on him at the latter’s ministry office at Secretariat on Monday. 

The adviser said there are huge scopes for the foreign investments in the public jute and textiles mills in Bangladesh, adding that Bangladesh have enough skilled and trained manpower in the sector.   

The use of jute and jute products have been showing increasing trend to ward off the environmental catastrophe across the globe by cutting dependency on the use of plastic and polythene, he said.

The government has already imposed a ban on using polythene or polypropylene bags in all the super-shops in the country from October 1, he said.

“So, the bags of jute and clothes will be available in all  super shops as substitute of the polythene bags,” he said. 

Sakhawat, also Shipping Adviser has sought cooperation from the US to build dockyard in the Matarbari Deep Seaport as well as their investment in Matarbari Deep Seaport and ship building industries.
The US Embassy Charge d'Affaires said the US and Bangladesh would work together in future to reduce the trade deficit between the two friendly countries , mentioning that the countries have closely been working on trade, business and different bilateral issues for mutual interests.