This is the largest ever investment from a single country, he said and added this has given a positive signal to other countries and investors.
Bangladeshi Planning Minister AHM Mustafa Kamal said Bangladesh, which grew at a faster-than-expected 7.05 percent in the last fiscal year, is moving forward with all economic indicators suggesting a positive trend.
The upward economic trend shows that the country is likely to achieve 7.5 percent economic growth in the current 2016-17 fiscal year and the Bangladeshi parliament on June 30 this year passed a 3.41 trillion taka (42.58 billion U.S. dollars) national budget for the 2016-17 fiscal year, targeting an economic growth of 7.2 percent.
Bangladeshi Information Minister Hasanul Haq Inu has said, "One of the most important components of the economy is the garment and textile industry. China is a great performer in this industry. We're deeply pleased that China has recently announced a zero tariff policy for 4,762 Bangladeshi products that will surely boost Bangladesh's exports to the Chinese market."
To keep the development on track, Bangladesh looks forward to Chinese cooperation in sectors such as finance and investment, technology, management, defense, agriculture, industry and media," said Inu.
China has also been making immense contributions to Bangladesh's efforts in building a "digital Bangladesh," namely the Information and Communication Technology (ICT), State Minister Zunaid Ahmed Palak said.
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