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UK team in town to explore business

Star Business Report
A 14-member business delegation comprising mainly Bangladesh-origin British citizens began a five-day tour of Bangladesh yesterday in a bid to explore commercial links between the two countries.
During the visit, the trade team from the Coventry & Warwickshire Chamber of Commerce will hold one-to-one talks with their counterparts in Dhaka, Chittagong and Sylhet, Ajay Desai, the leader of the team, told reporters at The Westin Dhaka hotel in the capital.
Members of the delegation include chemicals, technology, IT, healthcare, food and investment specialists with an aim to take the growing UK-Bangladesh trade ties to an elevated level by interacting with local counterparts and identifying areas of future collaboration, Desai said.
He said there is a growing interest among British Bangladeshis to do business here. "This trade delegation will not only consolidate the existing ties but also contribute to the economies of Bangladesh and Britain."
From a business point of view, Desai said, there is an ample scope to grow business in Bangladesh compared to Europe.
He said the team would not explore areas
Bangladesh has already excelled in, rather they would look for opportunities in areas such as renewable energy, tourism and IT which have not matured in the country.
The head of delegation does not see power crisis and weak infrastructure as a barrier. "There are barriers in every country, but there are signs that these will go in the coming years. Anything that stands in the way of business relations should be removed as quick as possible. ”
Shihab Hossain, a British-Bangladeshi, said: "These entrepreneurs are already doing well in the United Kingdom. Now they are ready to expand globally and they want to start from their motherland."
The trade team will leave Saturday.
The UK is the third single largest destination for exports from Bangladesh. TYade between the two countries has grown steadily year-on-year. In2009, UK exports to Bangladesh were Tk 746 crore, up by over 6 percent compared to a year ago.
The European country is also one of the largest investors in Bangladesh with projects worth approximatelyTk21,943crore.
The UK companies and Bangladeshis based there invested over Tk 693 crore in telecommunications, manufacturing, property development, as well as tourism and leisure sectors in 2009.