Bangladesh, June 26 -- Prime Minister Tarique Rahman has invited Chinese companies to expand their manufacturing value chains into Bangladesh, pledging sweeping reforms, faster approvals and stronger institutional support as the government seeks to position the country as a leading destination for foreign investment.

Addressing the Bangladesh Investment Forum in Beijing on Thursday, the prime minister announced that Bangladesh will establish its first Investment Office in China to provide direct support to prospective Chinese investors and facilitate quicker investment decisions.

"We are inviting Chinese companies to extend their value chain into Bangladesh.

We can help Chinese companies serve global markets while benefiting from growing...