Bangladesh offers tax break to RI investors<\/p>\n
JAKARTA (JP): Visiting Bangladeshi Minister of Textile
\nIndustries Abdul Mannan pledged here yesterday to offer a 12-year
\ntax holiday to Indonesian investors who establish industrial
\nprojects in his country.<\/p>\n
After paying a courtesy call on President Soeharto at Merdeka
\nPalace, Mannan told reporters that the Bangladeshi government is
\noffering the tax break so that Indonesia will relocate its
\ntextile plants and invest in various sectors in Bangladesh.<\/p>\n
Indonesia, which has comparative advantages in its textile
\nindustry, will have a better chance of establishing textile
\nplants in Bangladesh than in other developing countries, Mannan
\nstressed.<\/p>\n
Mannan, who was leading a Bangladeshi trade mission to
\nIndonesia, ended his four-day visit yesterday. Earlier he met
\nwith Coordinating Minister for Industry and Trade Hartarto and
\nState Minister of Investment\/Chairman of the Investment
\nCoordinating Board Sanyoto Sastrowardoyo.<\/p>\n
\"We are inviting Indonesian companies to run businesses in
\nBangladesh,\" he said.<\/p>\n
He said Soeharto promised to promote Indonesian investment in
\nBangladesh and encourage cooperation in the production of textile
\nmachinery and products.<\/p>\n
Mannan said the President reacted with great interest to the
\ninvitation written by Bangladeshi Prime Minister Begum Khaleda
\nZia to promote economic cooperation between the two countries.<\/p>\n
He said the prime minister also invited the President and
\nfirst lady Tien Soeharto to visit Bangladesh this year.<\/p>\n
Suara Pembaruan daily reported yesterday that Bangladesh has
\nshown interest in investing in the carpet industry here.<\/p>\n
The newspaper quoted Soesanto Sahardjo, an advisor to the
\nminister of industry, as saying that his ministry will support
\nBangladeshi investment, considering that raw materials for the
\ncarpet industry are readily available in Indonesia.<\/p>\n
The carpet industry will use jute as its raw material.<\/p>\n
Both countries are committed to sending officials to each
\nother's capitals in the future to follow through on plans to
\nimprove trade and investment cooperation. (fhp)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bangladesh-offers-tax-break-to-ri-investors-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}