Economic Reporter :
Bangladesh Bank Governor Dr Atiur Rahman said, the implementation of a business plan is the major challenge. “It’s not the question of funding or availability of fund. The market has enough liquidity and individuals too have funds”, said the governor while speaking at a session on the second day of Bangladesh Investment and Policy Summit recently.
“The problem is implementation and it’s the number one challenge for us. We need to really live up to our expectations and we should really implement these,” said the governor as a moderator of the session.
Meanwhile, Arif Khan, Commissioner of the Bangladesh Securities and Exchange Commission (BSEC) stressed on raising the Alternative Investment (AI) funds for further advancement of economy.
“We are preparing a law for it,” said Arif Khan while presenting a keynote on ‘policies and opportunities for alternative investment (venture capital and private equity)’ in the second day of Bangladesh Investment and Policy Summit.
A platform through which start-ups and small and medium enterprises will be able to raise funds is in the works.
The Board of Investment, the Prime Minister’s Office and the Business Initiative Leading Development jointly organised the investment summit.
Khan said, venture capital is important for the economic development. Information technology, biotechnology, medical devices, online retailing, social media and clean technology are the common sectors for venture capital and private equity investment.
Last year, the BSEC formulated “alternative investment rules” for private equity and venture capital firms so that they can pool funds and make equity investment in non-listed companies.
In the keynote paper Khan has dwelt at length on the regulatory frameworks issued by BSEC enabling operation of Alternative Investment (AI) funds in Bangladesh.
Intermediaries operating in the capital market and non-bank financial institutions can now engage in taking up roles in sponsoring and managing AI funds, besides investing in them.
Bangladesh Bank Governor Dr Atiur Rahman said, the implementation of a business plan is the major challenge. “It’s not the question of funding or availability of fund. The market has enough liquidity and individuals too have funds”, said the governor while speaking at a session on the second day of Bangladesh Investment and Policy Summit recently.
“The problem is implementation and it’s the number one challenge for us. We need to really live up to our expectations and we should really implement these,” said the governor as a moderator of the session.
Meanwhile, Arif Khan, Commissioner of the Bangladesh Securities and Exchange Commission (BSEC) stressed on raising the Alternative Investment (AI) funds for further advancement of economy.
“We are preparing a law for it,” said Arif Khan while presenting a keynote on ‘policies and opportunities for alternative investment (venture capital and private equity)’ in the second day of Bangladesh Investment and Policy Summit.
A platform through which start-ups and small and medium enterprises will be able to raise funds is in the works.
The Board of Investment, the Prime Minister’s Office and the Business Initiative Leading Development jointly organised the investment summit.
Khan said, venture capital is important for the economic development. Information technology, biotechnology, medical devices, online retailing, social media and clean technology are the common sectors for venture capital and private equity investment.
Last year, the BSEC formulated “alternative investment rules” for private equity and venture capital firms so that they can pool funds and make equity investment in non-listed companies.
In the keynote paper Khan has dwelt at length on the regulatory frameworks issued by BSEC enabling operation of Alternative Investment (AI) funds in Bangladesh.
Intermediaries operating in the capital market and non-bank financial institutions can now engage in taking up roles in sponsoring and managing AI funds, besides investing in them.
