Chairman of RRM Group and Vice President of Bangladesh Steel Manufacturers Association Dr. Suman Chowdhury said on Thursday that the steel industry is already over capacity of 5 to 6 million tonnes of steel, which can be exported to Commonwealth countries.
"It can be a potential item for exporting. Industries have already set up many factories and increased capacity seeing earlier growth," he told a seminar in Dhaka.
The seminar was held during the Commonwealth Trade and Investment Forum that ended on Thursday in Dhaka with the promise of enhancing cross-border investment to flourish respective economies. Bangladesh hosted the conference for the first time in collaboration with the Commonwealth Enterprise and Investment Council (CWEIC). Prime Minister Sheikh Hasina inaugurated the programme on Wednesday.