Staff Reporter :
Prime Minister Sheikh Hasina on Sunday assured both local and foreign investors of highest level state support to facilitate their investment proposals in various economic sectors in Bangladesh.
She also assured of simplification of investment laws so that the investors do not face difficulty in making their investment in the country.
Hasina came up with the assurance while inaugurating the two-day “Bangladesh Investment and Policy Summit-2016 at a city hotel in the morning.
Board of Investment (BoI), Business Initiative Leading Development (BUILD) and Prime Minister’s Office (PMO) are jointly organising the Summit.
“Security and profitability of your investment are guaranteed here. You will never find another country like this anywhere else in the world,” Hasina said mentioning the country’s investment potential.
She further said the country is now marching ahead towards growth and development and the investors can be the part of it.
“Our government has already taken various development projects to facilitate the business and investment. Apart from this, it is also going to establish ‘Bangladesh Development Authority’ for simplification of investment procedure,” she added.
Highlighting her government’s initiative to promote investment, she said: We have taken the initiative to felicitate investment in infrastructure under Public Private Partnership (PPP).Such a programme offers a new window of opportunity for investors. Besides, steps have been taken to expand the Existing Export Processing Zones (EPZs) and Special Economic Zones (SEZs) considering the need of investors.
“We are planning to establish 100 more economic zones across the country. More than thirty sites have already been selected for special economic zones and foundations stones of 10 zones will be laid next month,” she added.
The Prime Minister said that Bangladesh economy has been growing steadily for the last seven years overcoming all odds. It has achieved remarkable growth during the period despite economic uncertainties in developed countries.
“We achieved 6.51 per cent GDP growth in the last fiscal year. During the previous five years, our average GDP growth was 6.2 per cent. We are hopeful of achieving a 7.0 per cent GDP growth this year,” she added.
Highlighting the importance of the summit, Hasina said, it will provide the investors the most appropriate platform to know Bangladesh’s investment trend, policies and potential.
Finance minister AMA Muhith, industries minister Amir Hossain Amu, commerce minister Tofail Ahmed, chief minister of Meghalaya Mukul Sangma, South Asia Region CEO of Axiata Limited Hans Wijayasuriya, chairman of Adani Group Gautam Adani, director of the International Finance Corporation of the World Bank Group Sujoy Bose and FBCCI president Abdul Matlub Ahmed spoke at the inaugural session of the summit.
According to the organigers, local and foreign Investors, experts in foreign direct investment and industrial and international trade and policymakers, business entrepreneurs and government officials are joining the summit.
About 2,000 local and foreign participants from more than two dozen countries, including the UK, Japan, China, India, Germany, France, Belgium, the Netherlands, Singapore, Malaysia, Indonesia, Thailand, Kuwait and Qatar, are attending the event.
The investment meet will highlight the latest improvements in Bangladesh’s investment climate and specific investment opportunities in agribusiness, manufacturing, transport and infrastructure, economic zones, power and energy and opportunities for alternative investment.
Prime Minister Sheikh Hasina on Sunday assured both local and foreign investors of highest level state support to facilitate their investment proposals in various economic sectors in Bangladesh.
She also assured of simplification of investment laws so that the investors do not face difficulty in making their investment in the country.
Hasina came up with the assurance while inaugurating the two-day “Bangladesh Investment and Policy Summit-2016 at a city hotel in the morning.
Board of Investment (BoI), Business Initiative Leading Development (BUILD) and Prime Minister’s Office (PMO) are jointly organising the Summit.
“Security and profitability of your investment are guaranteed here. You will never find another country like this anywhere else in the world,” Hasina said mentioning the country’s investment potential.
She further said the country is now marching ahead towards growth and development and the investors can be the part of it.
“Our government has already taken various development projects to facilitate the business and investment. Apart from this, it is also going to establish ‘Bangladesh Development Authority’ for simplification of investment procedure,” she added.
Highlighting her government’s initiative to promote investment, she said: We have taken the initiative to felicitate investment in infrastructure under Public Private Partnership (PPP).Such a programme offers a new window of opportunity for investors. Besides, steps have been taken to expand the Existing Export Processing Zones (EPZs) and Special Economic Zones (SEZs) considering the need of investors.
“We are planning to establish 100 more economic zones across the country. More than thirty sites have already been selected for special economic zones and foundations stones of 10 zones will be laid next month,” she added.
The Prime Minister said that Bangladesh economy has been growing steadily for the last seven years overcoming all odds. It has achieved remarkable growth during the period despite economic uncertainties in developed countries.
“We achieved 6.51 per cent GDP growth in the last fiscal year. During the previous five years, our average GDP growth was 6.2 per cent. We are hopeful of achieving a 7.0 per cent GDP growth this year,” she added.
Highlighting the importance of the summit, Hasina said, it will provide the investors the most appropriate platform to know Bangladesh’s investment trend, policies and potential.
Finance minister AMA Muhith, industries minister Amir Hossain Amu, commerce minister Tofail Ahmed, chief minister of Meghalaya Mukul Sangma, South Asia Region CEO of Axiata Limited Hans Wijayasuriya, chairman of Adani Group Gautam Adani, director of the International Finance Corporation of the World Bank Group Sujoy Bose and FBCCI president Abdul Matlub Ahmed spoke at the inaugural session of the summit.
According to the organigers, local and foreign Investors, experts in foreign direct investment and industrial and international trade and policymakers, business entrepreneurs and government officials are joining the summit.
About 2,000 local and foreign participants from more than two dozen countries, including the UK, Japan, China, India, Germany, France, Belgium, the Netherlands, Singapore, Malaysia, Indonesia, Thailand, Kuwait and Qatar, are attending the event.
The investment meet will highlight the latest improvements in Bangladesh’s investment climate and specific investment opportunities in agribusiness, manufacturing, transport and infrastructure, economic zones, power and energy and opportunities for alternative investment.
