Bangladesh to become a trillion-dollar economy, even before 2041

Staff Reporter :
Claiming the three-day-long Bangladesh Business Summit-2023 has gained its success, the Federation of Bangladesh Chambers of commerce and industry (FBCCI) said that the country will become a trillion-dollar economy, even before 2041.
The global entrepreneurs feel that they will be successful by making investment here as investment-friendly environment is prevailing in the country and recognizing the competence of Bangladesh, the ministers and representative of government of different countries, global businesses and entrepreneurs have participated in the summit, it said.
“Some 100 economic zones are ready for these entrepreneurs. We will reach a trillion dollar economy, even before 2041, when the zones will be functional,” said FBCCI President Md Jasim Uddin at a press conference at the closing day of the business summit at Bangabandhu International Conference Center in the city on Monday.
“It is our great achievement that more than 300 foreign delegates join the summit through getting registration and they accepted the strength of Bangladesh,” he said.
The FBCCI president said that the aim of the summit was showcasing the strength of Bangladesh before the world and Branding the country globally.
“Hopefully, we have gained our success and businesses from many of the countries will make investments in Bangladesh to take advantage of the growing domestic market, strategic location and young workforce,” Jashim said.
“Saudi Arabia would make a significant amount of investment in Bangladesh as a minister of the country attended the summit and signed an agreement and three memoranda of understanding with Bangladesh aiming investment in many areas including fertilizer industry,” he hopped.
“After the successful completion of the business summit we are confident that the journey for the trillion dollar economy would also be successful,” the chief of the country’s apex trade body said.
Jashim said that many of the western countries have been relocating their manufacturing industries from China due to geopolitical reasons and Bangladesh would benefit from the relocation.
Prime Minister Sheikh Hasina has assured private sector businesses that investors in the country would get all-out support from the government and tyranny of red tape would be eliminated.
Prime minister Sheikh Hasina on Saturday inaugurated the Bangladesh Business Summit which featured three plenary sessions on strategic issues, 13 parallel sessions, business-to-business meets, networking sessions, an open house reception and guided tours for international delegates.
Ministers from several countries including the United Kingdom, the Kingdom of Saudi Arabia, and Bhutan, CEOs of 12 multinational companies and more than 200 foreign investors took part in the summit.