Dhaka, Bangladesh (BBN) – The Malaysian Agate group has intended to invest US$3.0 billion in power, human resources and international trade sectors in Bangladesh.

This was disclosed when a13-member business delegation of Malaysian Agate Group, led by its Managing Director Sultan Abdul Quadir, called on Commerce Minister of Bangladesh Faruk Khan at latter’s office in Dhaka on Sunday, according to a official press statement.

The Agate’s proposals include setting up 1000-megawatt (MW) power plants based on coal fire facilities, setting up medical schools and other training facilities to create qualified nurses and other technicians, developing manpower having three months to three years training suitable for employment market abroad.

In the field of international trade, the delegation on behalf of Malaysian government expressed their desire to export 1.5 million metric tons of palm oil to Bangladesh.

Bangladesh commerce minister welcomed the offer of the delegation and thanked them for their desire to go for joint investment with Bangladesh.

The minister also said Bangladesh has the manpower while Malaysia has the land, so the two friendly countries can add pace to development of both countries by making use of these resources.

BBN/SS/SI/AD-31August09-1:26 am (BST)