Bangladesh has secured a commitment of $2.1 billion in Chinese investments, loans, and grants from the Chinese government and its companies during Chief Adviser Professor Muhammad Yunus's "milestone" visit to China, according to officials.

Bangladeshi officials and Chinese Ambassador to Dhaka Yao Wen said that nearly 30 Chinese companies have pledged to invest $1 billion in the exclusive Chinese Economic and Industrial Zone (CEIZ) after the chief adviser urged private enterprises to invest in Bangladesh's manufacturing sector.

China has also agreed to lend $400 million for the Mongla Port modernisation project, $350 million for the development of the CEIZ, and another $150 million as technical assistance. The remaining amount will come as grants and other forms of lending.

"It is a milestone visit," Chinese envoy Yao Wen said, referring to the chief adviser's four-day bilateral tour to China.

Ashik Chowdhury, the executive chairman of the Bangladesh Investment Development Authority and the Bangladesh Economic Zone Authority, said the visit could propel a "surge" of Chinese investment in Bangladesh.

During the meeting, on CA's request, President Xi agreed to encourage Chinese firms to move manufacturing to Bangladesh to diversify their production, Chowdhury said.

"This visit will play a big part in persuading many Chinese companies to invest in Bangladesh. It is just a matter of time," he added.

Earlier today, Prof Yunus and Ashik Chowdhury briefed officials from more than 100 Chinese companies on investment opportunities in Bangladesh's manufacturing sector, particularly in advanced textiles, pharmaceuticals, light engineering, and renewable energy. They spoke during three interactive sessions in Beijing.

"So far, the response has been very positive," Chowdhury said.