Commerce minister Munshi calls for raising US investment in Bangladesh

Bangladesh commerce minister Tipu Munshi recently called for raising US investment in his country. "The factories in Bangladesh have been made safe and work-friendly. The government also amended the Labour Law and made it world class for the sustainable development of the readymade garments sector," he told US ambassador to Bangladesh Peter Haas.

Bangladesh has 157 certified factories of US Lead Green garments factories, Munshi said, adding that out of the top 10 green factories in the world, nine are in Bangladesh.

"Although the production cost of readymade garments in Bangladesh has increased, the buyers have not increased the price in comparison. It is necessary to ensure fair price of readymade garments in Bangladesh," he was quoted as saying by Bangla media reports.

Munshi further said as per the prime minister's directive, work on setting up 100 special economic zones is progressing fast.

"US investors will be benefited if they invest in Bangladesh's special economic zone. The government is providing special facilities to the investors," he added.