PM seeks larger foreign investment in Bangladesh

Business Desk  :
Prime Minister Sheikh Hasina on Sunday sought robust foreign investment in Bangladesh saying her government has been taking every possible measure to attract overseas investment.
“We’re taking various measures as foreign investment in larger volume can come to Bangladesh,” she said, reports BSS.
The premier said these while opening the two-day programme marking the 60th anniversary of the Foreign Investors Chamber of Commerce and Industry (FICCI) and Investment Expo-2023 at a city hotel here.
She said her government is setting up 100 economic zones and have already built 39 high-tech parks across Bangladesh.
“We have kept open the economic zones and high-tech parks for foreign investments. If a country wants land (in the economic zones or high-tech parks) it can get it, or it can also invest in joint collaboration if it wish or can go for investment under the private public partnership (PPP),” she said.
She continued that they are creating scopes for attracting foreign investments in many ways.
The premier also said her government has established Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zone Authority (BEZA), Bangladesh Economic Processing Zone Authority (BEPZA), Bangladesh Hi-Tech Park Authority (HTPA) and Public Private Partnership Authority (PPPA).
“One stop service has been introduced in investment development agencies to facilitate investment,” she said.
The prime minister said they have undertaken plans to make all offices with providing investment services fully online and digitized.
At the same time, she said they are continuously working to simplify the investment policy, including tax waivers, remittance royalties, exit policies, dividends and full repatriation of capital, foreign investment protection by law.
Sheikh Hasina said her government has recognized logistics sector, fourth industrial revolution related sectors and tourism sector as industries in the National Industrial Policy 2022 to attract local and foreign investments.
She continued that her government has formulated new schemes to attract investments in larger volume in the blue-economy sector.
The prime minister said Bangladesh is going to be the world’s 9th largest consumer market by 2030.
She said: “We’ve been working with a target so that Bangladesh could surpass the established markets such as the UK and Germany, and the current high-growth countries Vietnam and Thailand during the period,” she said.