Business report: South African business representatives are interested in investing in the jewelry industry in Bangladesh. A delegation of business representatives from South Africa held a meeting with the Bangladesh Jewelers Association (BAJUS) during their visit to Dhaka. The meeting took place at the BAJUS office on Wednesday (March 13).
During the meeting, South African businessmen expressed that there is substantial potential in the jewelry sector in Bangladesh. They emphasized the possibility of investment from South Africa to Bangladesh, which would enhance business relations between the two countries.
Nokuthula Noki Andlovu, a member of the South African delegation, described Bangladesh as a developing country with vast opportunities in the jewelry industry. She stated that with proper investment, Bangladesh’s jewelry sector could advance significantly.
Masudur Rahman, Co-Vice President of BAJUS, highlighted the continuous advancement of Bangladesh’s jewelry sector. He urged the South African delegation to consider investing in this sector.
Pawan Kumar Agarwala, a member of the executive committee of BAJUS, pointed out the increasing demand for diamond-studded jewelry in Bangladesh. However, he noted the absence of large-scale diamond cutting factories in the country. Therefore, he urged the South African delegation to consider investing in establishing diamond cutting factories.