Sakhawat seeks Korean investment in jute, textile sectors

Jute and Textile Adviser Brig Gen (retd) Dr. M Sakhawat Hussain today urged South Korea to come up with investments in jute and textile sectors, as its envoy Park Young-sik called on him.

“Jute Diversification Promotion Center (JDPC) is working to produce multipurpose jute products, while steps are also being taken to enrich the jute and textile sector through research,” he said during the meeting with the envoy at the ministry of shipping.

Sakhawat Hussain, also the adviser of the ministry of shipping, mentioned the jute diversification as a very promising sector and urged the envoy to invest in this sector for mutual benefits, said a ministry press release.

He said the present government has taken steps to introduce jute bags instead of polythene to prevent environmental pollution. 

Production of “Sonali Bag” from jute is on the way, he said, adding that the demand for eco-friendly jute and jute products is increasing both in the country and abroad.  

Applauding the government's initiative to stop the use of polythene to prevent environmental pollution, the Korean ambassador said jute is environmentally friendly as a natural fiber.

Park Yong-sik expressed his country’s eagerness to cooperate in the development of Bangladesh’s jute sector. 

Referring to the visit of a Korean delegation here to see investment opportunities and possibilities two years ago, he said such efforts will continue in the future. 

The ambassador also noted Bangladesh’s bright potential in the shipping industry. 

The adviser also urged Korean investors to invest in the country's ship industry, saying that more projects of the ministry are underway with South Korea.

Secretary of the ministry and officials concerned were present.