BIDA, StanChart announce partnership to increase FDI

Business Desk :
Bangladesh Investment Development Authority (BIDA) and Standard Chartered Bank on Tuesday announced a partnership to jointly promote Bangladesh as a preferred investment destination and work together to bring in targeted global investments to the country.
The first initiative to be undertaken through this partnership will be the China-Bangladesh Investment Summit, scheduled to be held on January 25, said a press release. The virtual event will showcase the partnership potential between Bangladesh and China and highlight the emerging strategic opportunities in the highly promising Bangladesh-China trade and investment corridor.
Over 300 delegates representing Chinese public and private sectors, policymakers, investors, bankers and economists, along with prominent leaders from Bangladesh’s private and public sectors are expected to be in attendance.
BIDA, the country apex investment promotion body, and Standard Chartered, Bangladesh’s largest global bank, will collaborate on marketing and trade exchange initiatives that will help companies invest in Bangladesh.