Bangladesh has more US investment scope in energy sector : Nasrul Hamid Bangladesh has more US investment scope in energy sector : Nasrul Hamid  News Desk
State Minister for Power Energy and
Mineral Resources Nasrul Hamid on a
virtual dialogue in the city said
Bangladesh as a rising economy contains a
vast foreign investment opportunities here
particularly for the United States and
calling for more US investments in
different energy sub-sectors here.
“Country’s infrastructure, communication,
information technology, health services
and power and energy sector are quickly
expanding, so there is huge foreign
investment scope in those sectors”, he
said while presenting a keynote paper at
online function in the city on Tuesday.
A number of US companies including
Chevron, Accelerate Energy, Exxon Mobil
Corporation, Halliburton and General
Electric Company or GE are already working
here, he said, but more US companies have
a scope to invest in Bangladesh.
The American companies, who are always
welcome here, can invest here in the
renewable energy, new technology of power
and energy sector, modern management of
power and energy, energy expertise
conservation and promotion and
modernization of natural gas
infrastructure.
Hamid at the function, organized by the
United States Chamber of Commerce (USCC),
a business-oriented American lobbying
group, said Bangladesh can arrange a
programme like ‘Bangladesh Investment
Branding’ in association with the World’s
largest business organization.
Bangladesh, has achieved 5.24 percent GDP
growth in 2019-20 fiscals amid facing
global corona endemic, however going to
announce offshore bidding round under
production sharing contract or model PSC
2019 with a plan to explore more natural
resources from the offshore blocks
adjacent to gas-rich blocks of Myanmar.
The function was coordinated by USCC’s
senior vice president Nisha Biswal while
power division secretary Dr Sultan Ahmed
also spoke, among others.
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