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German investment in renewable energy sought

Commerce Minister Faruk Khan yesterday asked for German investment in
river dredging and renewable energy. The minister made the request
when Holger Michel, German ambassador to Bangladesh, met him at his
ministry in Dhaka yesterday. The minister also expressed its interest
to utilise the expertise of Germany in shipbuilding and textile
industries. Germany is the second largest export destination of
Bangladesh and hoped that the export volume would increase further,
said Khan. The German envoy said trade between the two countries
increased four times in the last 10 years and would increase further
as his government is willing to invest here more. He also thanked
the German government for providing GSP facility to Bangladeshi
products to enter its market. Last fiscal year, Bangladesh exported
goods worth $ 2269.75 million to Germany and imported $ 410.44
million from the country.