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

S. Africa condemns travel ban over Omicron

Latest from -Top News

Multi-alignment, upgraded

With US ties strained and China tense, New Delhi taps Europe’s harder edge for co-development, clean tech and strategic autonomy, writes Manoj Menon India is recalibrating its great-power hedging as frictions with

Reeves urged to break manifesto pledges

Chancellor under pressure as £40bn fiscal gap looms, with critics warning against a “pasty tax” budget of piecemeal revenue raisers…reports Asian Lite News Rachel Reeves is facing growing unease inside Labour’s ranks

Starmer to Visit India on Wednesday

UK and India to cement strategic ties with new free trade agreement and deeper cooperation across defence, technology and climate Prime Minister Keir Starmer will make his first official visit to India

UAE, India join on child services

The United Arab Emirates and India have opened discussions to enhance cooperation in integrated child development services, focusing on early childhood education, nutrition, and child participation initiatives. The talks took place on
Go toTop

Don't Miss

Hasina’s fight against radicalism in Bangladesh

The growing extremism in Bangladesh could also create more security

B’desh celebrates 50 years of independence

President Hamid first placed a wreath at the altar of