Yunus urges Chinese investors to set up production hubs in Bangladesh

He highlights the opportunity to include jute into the economic programmes

Chief Advisor Muhammad Yunus has called on Chinese investors to help transform Bangladesh into a “production hub”.

Speaking at an event on Sunday, Yunus noted that half of Bangladesh’s total workforce is under the age of 26, and this demographic is ready to be engaged in productive work, according to state news agency Bangladesh Sangbad Sangstha (BSS).

"I urge Chinese investors to make Bangladesh their home and their production hub...the young people are ready to accept that challenge," he said.

Yunus highlighted that half of Bangladesh’s total workforce is under the age of 26, and this demographic is ready to be engaged in productive work.

He urged Chinese businesses to integrate them into the workforce.

Stressing the importance of reviving the jute industry to strengthen the national economy, Yunus said: “When you talk about jute, it is an emotional issue for Bangladesh.”

He added that jute is often viewed solely as a material for sacks, despite its potential as an eco-friendly fibre that could play a vital role in protecting the environment and the planet.

“Together we can make a wonderful start of jute to give it a right place in our economic programmes,” Yunus added.

He also recalled the lost glory of Dhakai Muslin, once a world-renowned and highly prized fabric.