Canadian investment sought in Bangladesh power sector

Bangladesh Commerce Minister Faruk Khan urged Canadian businessmen to invest more in the power sector to help alleviate the country's energy crunch.

So far, the Canadian entrepreneurs have invested $300 million in Bangladesh in different sectors and the bilateral trade balance between the two countries stood at $1.4 billion in fiscal 2009-10.

“The bilateral trade balance between the two countries will cross the $2.0 billion mark at the end of the current fiscal year,” said Khan.

In the two-way trade, the main Canadian exports to Bangladesh include iron and steel, pulses, cereals, machinery, oilseeds, electrical machinery and pharmaceutical raw materials.