Dhaka: Highlighting environmental technology and power generation as the two major areas of trade, British Business Ambassador Lord Swraj Paul on October 8 urged Bangladesh to take advantage of Britain's expertise in these sectors.

British suppliers of environmental technology and services currently command around five per cent of the global market, Lord Paul said in a speech to the Metropolitan Chamber of Commerce in Dhaka, referring to Bangladesh's investment requirements in the sector.

"We are especially prominent in water and wastewater treatment, which account for around 80 per cent of Britain's environmental exports of 2.5 billion Pounds," said the non-resident Indian (NRI) industrialist adding, "I would encourage you to give serious consideration to seeking out potential suppliers from Britain.

"This is not just to support the strengthening of British exports to Bangladesh, but also to enable you to tap the expertise of companies that are some of the best in the world," said Lord Paul, Chairman of the Caparo Group.

In the power generation sector, Lord Paul noted that British reputation is renowned and well established.

"We are already a leading player in the provision of power generation solution in Bangladesh... British suppliers are some of the market leaders in high quality technology, both diesel and gas fuelled," he said.

PTI