March 12, 2023, 9:00 AM
March 12, 2023, 9:00 AM
Slow and reflective businessmen Mohammed Shafiqul Alam, Mohammad Quamrul Hasan and Shabber Ahamded Bin Ashraf, from bangladeshexplain why they are in bolivian and what are the business niches in which they want to invest.
Before going into details, Alam specified that it is the economic stability of the country that caught their attention as well as all the energy and agricultural potential.
Alam Owner of AMMS Logistics Company, Senior Vice President and Current Director of the Bangladesh Shipping Agents Association; In addition to being the owner of an international residential boutique hotel, the Pearl Hotel, he explained that after carrying out a market and feasibility study, the first steps they seek to take in Bolivia are to carry out investments in real estate and achieve educational agreements that allow the transfer of technology and production processes.
Precisely in order to achieve these objectives, Alam indicated that the company Pearl Hights Inversiones y Representaciones SRL in Bolivia, Its general manager and legal representative will be businessman Ashraf, who explained that Santa Cruz will seek to invest in the real estate sector, which he considers a dynamic business with great potential for good profitability.
Ashraf pointed out that work will also be done to improve international relations. Promote products and Bolivian companies in Bangladesh and throughout Southeast Asia, including India, Nepal, Sri Lanka, and Burma
To make these businesses viable, a meeting was held with authorities from the Bolivian Ministry of Foreign Affairs, to whom the work plan was presented, which includes support for public and private companies in Bolivia to participate in trade and industrial fairs in Bangladeshincluding the organization of an exclusive fair for Bolivian companies, Hasan said.
other area of opportunity is health by importing medicines for humans and animals, bangladesh has large companies manufacture medicines at low cost complying with international standards in its manufacture. The intention is to participate in international tenders carried out by the central government and local governments and also seek representation in the private sector, Ashraf said.
Refering to education lThe investors indicated that they seek to ensure that students from Bangladesh can come to study at universities and institutes in Bolivia. especially in the Medicine careers and of commercial aviationFor this purpose, agreements are being signed with the Christian University of Bolivia (Ucebol) for the training of doctors and with Aviator Academy for the training of commercial pilots.
Alam believes that it is essential to work on the circular knowledge transfer and productive practices for which the sending of Bolivian students to Bangladesh, Australia and Canada will be sought.
The businessman stressed in this matter of the transfer of production processes bangladesh have great experience in the textile area in the manufacture of clothing through the maquila modality in Bangladesh.
“The intention is to setting up clothing factories in Bolivian free zones, This would allow the generation of thousands of sources of work for Bolivians and would allow the country to export to the European and North American markets”, said Alam, who observed that to achieve this objective, work must be done on different aspects such as feasibility, profitability and current legal regulations. in Bolivia.
Regarding possible investments in the energy area, the lithium appears as other opportunities, because according to the general manager of Pearl Hights Inversiones y Representaciones SRL in Bolivia, it is intended to set up in the country a factory that assembles lithium batteries – ion, for this, businessmen in Bangladesh already have strategic alliances with specialized companies in Europe.
“We have partners in Poland. It is a business that interests us. For this we must see how we can participate. We will see what doors open and how we can contribute”, said Alam.
Business in the public sphere
Alam noted that bolivian it’s a major soybean producer, corn and which has large reserves of lithium and iron. Products that are in high demand in Southeast Asia, hence the interest in wanting to gradually invest in the Bolivian market.
As for the agriculture, Alam maintained that meetings were held with authorities and technicians from the Food Production Support Company (Emapa), to address the silo construction. At this point the feerum company, which is the second company in the world in the manufacture, assembly and equipment of silos, would be in charge of carrying out the project and that its feasibility will depend on the opening have the Government.
Alam, Hasan and Ashraf hope to close deals in the country / Photo: Jorge Gutiérrez
