November 29, 2021
2 mins read

Bangladesh all set for investment boom

Prime Minister Sheikh Hasina inaugurated the summit at a city hotel in Dhaka which was aimed at showcasing the potential of Bangladesh to foreign investors….reports Asian Lite News

A two-day international investment summit has started in the Bangladesh capital to help the country woo more foreign investors.

Prime Minister Sheikh Hasina inaugurated the summit at a city hotel in Dhaka on Sunday joining virtually from her official residence Ganabhaban.

Speaking as the chief guest, she invited investors of the world to come up with investment in Bangladesh, saying Dhaka is set to provide all policy support for creating investment-friendly environment, Xinhua news agency reported.

https://www.youtube.com/watch?v=eORLuBeM45c

The Bangladesh Investment Development Authority (BIDA) organised the summit in which video messages of Chinese Vice Minister of Commerce, Ren Hongbin and World Economic Forum Managing Director, Jeremy Jurgens, among other world dignitaries, were broadcast.

ALSO READ: B’desh bans travellers from S.Africa

An audio-visual documentary titled “Discover Limitless Opportunities” in Bangladesh was screened at the function. The summit is aimed at showcasing the potential of Bangladesh to foreign investors.

Pic credits @BangladeshBida

Hasina said 11 potential investment sectors have been identified, including infrastructure, capital markets, financial services, information technology, electronics manufacturing, leather, automotive and light engineering, agro-products and food processing, healthcare and medicine, jute-textiles and blue economy.

ALSO READ: ‘B’desh War of Liberation was moral fight against injustice’

The government has formulated sector-wise industrial development policies, the Prime Minister added, along with the National Industrial Policy, and passed the Labor (Amendment) Act-2018, taking environmental protection projects and automating bond management for growth of the export-oriented industry.

She said the government has built 39 high-tech parks and are building 100 economic zones in phases.

https://twitter.com/BangladeshBida/status/1464816377957470212

“We’ve received investment proposals of $27.07 billion in the economic zones,” she added.

Meanwhile, Hasina said about $30 billion of investment proposal is awaiting implementation in 79 public-private partnership (PPP) projects.

Speaking of Bangladesh’s graduation from one of the least developed countries to a developing country, she added that the size of Bangladesh economy is now $411 billion, foreign exchange reserves stand at $48 billion and per capita income is $2,554.

ALSO READ: Bangladesh finally gets graduation

ALSO READ: Bangladesh on high alert

Previous Story

Palestine concerned over detection of Omicron variant in Israel

Next Story

New Covid rules from Tuesday

Latest from -Top News

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of

India Eyes Supply Chain Shift

India’s electronics manufacturing sector is undergoing a remarkable transformation, positioning the country as a major global hub for production and supply chain diversification. Riding on favourable government policies, geopolitical tailwinds, and a

Carney Confirms May 6 White House Visit

Canadian Prime Minister Mark Carney will travel to Washington on May 6 for a high-stakes meeting with US President Donald Trump, just days after taking office following a contentious federal election. Speaking

Rubio Backs AfD, Slams Berlin

US Secretary of State Marco Rubio has strongly criticised Germany for officially classifying the far-right Alternative for Germany (AfD) party as an extremist organisation, accusing the German government of undermining democracy under

India Bans All Pakistan Imports

In a sharp escalation of diplomatic hostilities, India has banned all direct and indirect imports from Pakistan with immediate effect, following the brutal terror attack in Jammu and Kashmir’s Pahalgam region that
Go toTop

Don't Miss

Bangladesh’s Opposition Accuses Hasina of Manipulating with ‘Dummies’

The BNP says it does not have any confidence in

Bangladesh, India ink deal to boost military education

The MoU was signed during the official state visit of