Staff Report :
Bangladesh needs a US$ 7-8 billion investment in physical infrastructure to promote its 8 percent GDP growth, says Dr SA Samad, Executive Chairman of the Board of Investment on Thursday.
“We’ll have to address legal complications and physical infrastructure problems. We’ll require US$ 7-8 billion investment for physical infrastructure development to achieve an 8 percent GDP growth,” he said.
“Adequate gas and electricity connection is very important for attracting FDI as well as boosting economy”, said the BoI Chairman while addressing a joint chambers meeting in the conference room of Dhaka Chamber of Commerce and Industry (DCCI) in the city. The meeting jointly organised by Canada Bangladesh Chamber of Commerce and Industry (CanCham) and BoI.
He said, country needs investment of about $seven to $eight billion in infrastructure development to attain 8-9 per cent GDP. He expected that the joint chambers could play a pivotal role to give a big push for trade and investment in the country.
The economic and social indicators of the country are showing commendable progress and the FDI inflow has been increasing steadily since 2009, he said. The government has identified 27 locations for establishing special economic zones and called upon the joint chambers’ leaders to come forward for investment, he also said.
Addressing the welcome speech, President of CanCham Bangladesh Masud Rahman urged for a strong network of joint chambers to strengthen their voice in the policy formulation of trade and investment as well as attracting FDI. He said, the present investment regime in the country is quite attractive than many other countries in Asia. “Actually, we have failed to reap the maximum benefit from it because of precarious condition in areas like infrastructure, port, energy and gas”, he said.
Director of Nordic Chamber of Commerce and Regional Head of Bangladesh and Pakistan Roger Hubert said, the present government is providing various facilities and incentives for investment in Bangladesh. The foreign investors want to invest in Bangladesh due to its geographical location. “Of course, Bangladesh has to improve its infrastructure to attract adequate FDI”, he said.
President of Dutch-Bangla Chamber of Commerce Hasan Khaled, Senior Vice President of Indonesia-Bangladesh Chamber of Commerce Muhammad Golam Mustafa, Director of France- Bangladesh Chamber of Commerce Dr Rifat Rashid, Chief Executive Officer of India-Bangladesh Chamber of Commerce Jahangir Bin Alam, Senior Vice President of Bangladesh-Thai Chamber of Commerce Charles CR Patra, Advisor of Turkey-Bangladesh Chamber of Commerce Halef Ozkurt, President of Italy-Bangladesh Chamber of Commerce Hakim Ali, President of Philippine -Bangladesh Chamber of Commerce R Maksud Khan and Executive Member of BoI Nabhash Chandra Mandal were present on the occasion.
Bangladesh needs a US$ 7-8 billion investment in physical infrastructure to promote its 8 percent GDP growth, says Dr SA Samad, Executive Chairman of the Board of Investment on Thursday.
“We’ll have to address legal complications and physical infrastructure problems. We’ll require US$ 7-8 billion investment for physical infrastructure development to achieve an 8 percent GDP growth,” he said.
“Adequate gas and electricity connection is very important for attracting FDI as well as boosting economy”, said the BoI Chairman while addressing a joint chambers meeting in the conference room of Dhaka Chamber of Commerce and Industry (DCCI) in the city. The meeting jointly organised by Canada Bangladesh Chamber of Commerce and Industry (CanCham) and BoI.
He said, country needs investment of about $seven to $eight billion in infrastructure development to attain 8-9 per cent GDP. He expected that the joint chambers could play a pivotal role to give a big push for trade and investment in the country.
The economic and social indicators of the country are showing commendable progress and the FDI inflow has been increasing steadily since 2009, he said. The government has identified 27 locations for establishing special economic zones and called upon the joint chambers’ leaders to come forward for investment, he also said.
Addressing the welcome speech, President of CanCham Bangladesh Masud Rahman urged for a strong network of joint chambers to strengthen their voice in the policy formulation of trade and investment as well as attracting FDI. He said, the present investment regime in the country is quite attractive than many other countries in Asia. “Actually, we have failed to reap the maximum benefit from it because of precarious condition in areas like infrastructure, port, energy and gas”, he said.
Director of Nordic Chamber of Commerce and Regional Head of Bangladesh and Pakistan Roger Hubert said, the present government is providing various facilities and incentives for investment in Bangladesh. The foreign investors want to invest in Bangladesh due to its geographical location. “Of course, Bangladesh has to improve its infrastructure to attract adequate FDI”, he said.
President of Dutch-Bangla Chamber of Commerce Hasan Khaled, Senior Vice President of Indonesia-Bangladesh Chamber of Commerce Muhammad Golam Mustafa, Director of France- Bangladesh Chamber of Commerce Dr Rifat Rashid, Chief Executive Officer of India-Bangladesh Chamber of Commerce Jahangir Bin Alam, Senior Vice President of Bangladesh-Thai Chamber of Commerce Charles CR Patra, Advisor of Turkey-Bangladesh Chamber of Commerce Halef Ozkurt, President of Italy-Bangladesh Chamber of Commerce Hakim Ali, President of Philippine -Bangladesh Chamber of Commerce R Maksud Khan and Executive Member of BoI Nabhash Chandra Mandal were present on the occasion.
