Economic Reporter :
Experts at a seminar on Monday stressed announcing a policy guideline to reduce the risk of venture capital and take its high growth and profit through financing in high-risk projects.
“Venture capital has a high risk, but it has also high profit possibilities. A team will have to be formed for preparing a guideline to cut the risk of venture capital and take its high profits. Bangladesh Bank or the Financial Institutions Division can take an initiative to form the team,” Chief Coordinator (SDG Affairs) of the Prime Minister’s Office M Abul Kalam Azad told the seminar. He urged the central bank to take an initiative for forming a committee immediately and prepare a policy guideline within next six weeks.
Bangladesh Investment Development Authority (BIDA) organised the seminar on ‘Venture Capital and Investment Eco-System’ at Bangladesh Bank headquarters in the city.
While delivering his keynote speech at the seminar, BIDA executive chairman Kazi Aminul Islam said once the committee is formed, it will identify the problems of the demand and supply sides of the venture capital and will help make the capital more effective for the country’s economy.
“Normally, venture capital will be developed. But, we will have to take it under a process for taking high profit as soon as possible and making the country developed one by 2041,” he said.
Noting that necessary fund is essential for creating an entrepreneur-friendly atmosphere, Aminul said the financial sector can play a vital role to ensure such environment.
Bangladesh Bank governor Fazle Kabir urged both the public and private sectors to come forward for creating entrepreneurs across the country.
Bangladesh Securities and Exchange Commission (BSEC) chairman Dr M Khairul Hossain, Financial Institutions Division senior secretary Eunusur Rahman, managing director of the Better Stories Limited Minhaz Uddin Anwar and general secretary of the Venture Capital and Private Equity Association of Bangladesh Shawkat Hossain, among others, spoke at the seminar.
Experts at a seminar on Monday stressed announcing a policy guideline to reduce the risk of venture capital and take its high growth and profit through financing in high-risk projects.
“Venture capital has a high risk, but it has also high profit possibilities. A team will have to be formed for preparing a guideline to cut the risk of venture capital and take its high profits. Bangladesh Bank or the Financial Institutions Division can take an initiative to form the team,” Chief Coordinator (SDG Affairs) of the Prime Minister’s Office M Abul Kalam Azad told the seminar. He urged the central bank to take an initiative for forming a committee immediately and prepare a policy guideline within next six weeks.
Bangladesh Investment Development Authority (BIDA) organised the seminar on ‘Venture Capital and Investment Eco-System’ at Bangladesh Bank headquarters in the city.
While delivering his keynote speech at the seminar, BIDA executive chairman Kazi Aminul Islam said once the committee is formed, it will identify the problems of the demand and supply sides of the venture capital and will help make the capital more effective for the country’s economy.
“Normally, venture capital will be developed. But, we will have to take it under a process for taking high profit as soon as possible and making the country developed one by 2041,” he said.
Noting that necessary fund is essential for creating an entrepreneur-friendly atmosphere, Aminul said the financial sector can play a vital role to ensure such environment.
Bangladesh Bank governor Fazle Kabir urged both the public and private sectors to come forward for creating entrepreneurs across the country.
Bangladesh Securities and Exchange Commission (BSEC) chairman Dr M Khairul Hossain, Financial Institutions Division senior secretary Eunusur Rahman, managing director of the Better Stories Limited Minhaz Uddin Anwar and general secretary of the Venture Capital and Private Equity Association of Bangladesh Shawkat Hossain, among others, spoke at the seminar.
