DHAKA, Aug 25, 2021 (BSS) - South Africa has urged Bangladeshi

entrepreneurs to invest there in different sectors including clothing,
textiles and footwear sectors.

  The urge was made at a meeting between foreign minister Dr AK Abdul
Momen, who is now in South Africa on an official visit, and South
African trade minister held on Tuesday, a foreign ministry press
release said here today.

 During the meeting, the South African minister strongly suggested
that Bangladesh investors may visit South Africa to see the investment
opportunities there.

  In reply, Dr Momen said that Bangladesh investors have invested in
some African countries and if the South African government extends
their accord for similar investment, Bangladesh investors are likely
to consider investing in South Africa.

  He said that collaboration in many sectors like IT and
agro-processed industry would provide win-win situation for the both
countries.

  The South African Trade Minister also underlined the importance of
joint ventures between Bangladesh and South Africa.

 He suggested sharing knowledge between Bangladesh and South Africa in
IT sector.

  Both the minister underscored the importance of institutional
cooperation in the form of exchange of the visits of trade and
business delegations and conclusion of Agreements in the trade,
investment and commerce areas.

  The Bangladesh Foreign Minister also informed Patel about various
facilities and incentives that are provided to the foreign investors
in Bangladesh.

  Both the ministers agreed to continue cooperation with a view to
enhancing trade, economic and business relations between the friendly
countries.

  Dr Momen also joined an exchange of opinion session with Bangladeshi
entrepreneurs in Pretoria of South Africa on Monday.

  During the discussion session, the Bangladeshi entrepreneurs identified that

  South Africa is the business hub for Southern African countries.

  Bangladeshi entrepreneurs observed that Bangladeshi garments
manufacturers should consider exporting their products to South
Africa.

  They also said Bangladeshi investors can consider purchasing such
land and invest in agro-based industries like fruits and vegetables
production and processing.

  The Bangladeshi entrepreneurs also suggested that real estate
business in South Africa could also be explored by Bangladesh
investors.

  Besides, they mentioned that mining industry is the biggest sector
in South Africa and the Bangladeshi investors can also explore this
area.