Bangladesh is intensifying its push to attract foreign capital into renewable energy, with solar power emerging as a central pillar of its strategy to deepen economic cooperation with Canada. During a high-level meeting at the Secretariat in Dhaka on April 19, Khandaker Abdul Muktadir extended a formal invitation to Canadian investors to explore opportunities in the country’s rapidly expanding solar energy market.
He held talks with Ajit Singh of the High Commission of Canada to Bangladesh, underscoring Bangladesh’s commitment to building a strong pipeline of sustainable energy projects.The government’s vision is closely tied to its broader development agenda, which prioritizes energy security, reduced reliance on fossil fuels, and alignment with global climate goals.
Bangladesh has set an ambitious target of generating 10,000 MW of electricity from solar power, part of a wider plan to significantly increase the share of renewables in its national energy mix over the coming decade. This effort complements existing initiatives such as utility-scale solar parks, rooftop solar programs for industries, and incentives for private sector participation in clean energy generation.
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Muktadir emphasized that both domestic and foreign investors will play a crucial role in achieving these targets. He highlighted policy measures designed to ease market entry, including tax incentives, simplified approval processes, public-private partnership frameworks, and guarantees to ensure long-term investment security.
Authorities are also working to upgrade grid infrastructure and integrate smart technologies to better accommodate renewable energy inputs, addressing one of the key challenges in scaling solar capacity.
Ajit Singh welcomed Bangladesh’s proactive approach, noting that Canadian businesses are increasingly looking toward emerging markets that demonstrate policy stability and a clear commitment to sustainability.
He pointed out that sectors such as renewable energy, agri-food, and fintech offer strong potential for bilateral collaboration, with solar energy standing out as a particularly promising area due to Bangladesh’s geographic advantages and growing energy demand.
Canada’s expertise in clean technology, financing, and project management could complement Bangladesh’s need for scalable and efficient energy solutions.
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He also highlighted the role of the Bangladeshi diaspora in Canada as a valuable connector between the two economies, facilitating trade links, knowledge transfer, and investment flows. Over the years, diaspora-led enterprises and partnerships have contributed to expanding bilateral engagement, and this trend is expected to strengthen further as new sectors open up.
The meeting reflected a shared intention to translate diplomatic goodwill into concrete economic outcomes. Both sides expressed optimism that enhanced cooperation—especially in solar energy—will not only accelerate Bangladesh’s transition toward a low-carbon economy but also create new trade channels, generate employment, and support industrial growth.
Senior officials, including Md. Abdur Rahim Khan, were present at the discussion, signaling institutional backing for these initiatives.This engagement aligns with Bangladesh’s broader ambition to position itself as a competitive destination for green investment in South Asia.
With rising global interest in sustainable supply chains and clean energy, the country is aiming to leverage its strategic location, growing industrial base, and reform-oriented policies to attract long-term international partnerships.
