British Bangladeshis Now Look Back Home

 

The British Bangladeshis, who made their fortunes mainly through traditional curry business, have now started looking back home to put their money in industries, services and social sectors in their quest for serving the homeland people, according to an interview in Bangladesh's New Age with Edinburgh's Dr Wali Tasar Uddin.

  Their interests range from setting up academies for rural women to hospitals- from hotels to industrial parks.

  'We want to serve our country, our people. That's why we are here,' said Wali Tasar Uddin, chair of the Bangladesh British Chamber of Commerce that brought a delegation for interactions with local businesspeople and government officials.

  The delegation, which also included representatives from Commonwealth Business Council, had extensive discussions with trade bodies and government leaders to convey their intensions and get the pulse of potential local partners and the government as well.

  The delegation members told the meetings that they want to break the common belief that the British Bangladeshis, prominently from Sylhet region, love to spend money on houses and shops in their home towns and villages.

  They also want to look beyond curry business that brought them money and fame, and now explore the areas like IT.

  Several executives from the BoB network, which groups young Bangladeshi professionals based in UK, were also included in the delegation.

  'We want our offspring to get involved directly in the country's affairs. We want to portray a positive Bangladesh to them,' Wali said.

  The Western-educated young Bangladeshi talents seek ventures in sectors like business management and information technology. They are also interested in capital market.

  During their stay here, the delegation visited Sylhet to select site for an industrial park they are planning to set up in cooperation with Sylhet chamber. 'We are considering three possible sites near the town.'

  A medical college for women and a modern hospital, funded by a group of non-resident Bangladeshis, are in progress in Sylhet. About Tk 130 crore has been earmarked for the project.

  'We hope to start enrolment in the medical college in two months. The hospital may get ready for services in a year,' Wali said.

  Still concentrated largely on Sylhet, 'Londonis' have now started looking beyond their home district, though in a limited scale. They are exploring the hospitality sector. Some of them grouped in a 10 million pound joint venture with international hotel chain, Hyatt Regency, to build a 600-room hotel on the Airport Road.

  Some of them also ventured on hotel management institutes to develop skilled manpower for hospitality and catering sectors for home and abroad.

  'We now discourage real estate business. Instead, we are trying to explore areas that create jobs,' Wali said, explaining their present and future focuses.

  They also want to invest in the country's capital market to mobilise funds for their ventures at home.

  The Bangladesh Business Show 2005 helped develop stronger ties between businesses in Bangladesh and the United Kingdom. Claiming the first ever such venture of the Bangladesh-British chamber a great success, Wali said the show would help further promote Bangladeshi business brands in UK.

  About prospects of export of fresh vegetables and spices from Bangladesh to cater to the demand of the restaurants owned by Bangladeshis, he said, 'Market is there, but you have to ensure bulk supply maintaining British standards.'

  Bangladeshi restaurants use spices from Pakistan, India and some other countries, which supply products of far better quality than Bangladeshi ones. 'The products targeting Karwanbazar won't fit London market,' he said.

  To promote export of Bangladeshi fresh vegetables and fruits, the chamber is planning to charter a cargo plane. 'But then, there must be an ensured and uninterrupted supply,' Wali stressed.

  He described the visit of the delegation this time as successful and expressed his satisfaction over the talks at various forums.

 

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