Prime Minister Sheikh Hasina in Bangladesh has called for increased foreign investment, stating that her government is taking possible measures to attract more foreign investments. She mentioned this during the inauguration of the 60th-anniversary celebration of the Foreign Investors Chamber of Commerce and Industry (FICCI) at ‘Hotel Radisson Blu’ on Sunday morning and the launch of the two-day Investment Expo-2023.
“We have established 39 hi-tech parks throughout the country, keeping them open for foreign investment,” she said. She added that if any country wants a contiguous piece of land, Bangladesh is ready to provide it. Moreover, if anyone wants to collaborate in joint ventures, it will be facilitated, or partnerships based on public-private partnerships (PPPs) can also be pursued.
She mentioned that her government has created several institutions, including the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zone Authority (BEZA), Bangladesh Economic Processing Zone Authority (BEPZA), Bangladesh Hi-Tech Park Authority (BHTPA), and Public-Private Partnership Authority (PPPA). One-stop services have been initiated in investment development institutions to facilitate investment.
The Prime Minister stated, “We have planned to digitize and make all investment service provider offices fully online. Simultaneously, we are working relentlessly to make the investment policy more user-friendly, including foreign investment protection.”
Sheikh Hasina also highlighted Bangladesh’s economic growth, infrastructure development initiatives, investment-friendly policies, large domestic market, skilled workforce, high profitability, and ease of doing business as factors that have transformed Bangladesh into an attractive destination for investment, industrialization, and exports in the eyes of many countries around the world.
Describing various infrastructure developments, expansion of communication networks, and the establishment of international standard institutions in the country, the Prime Minister said that standing on the success of these achievements, Bangladesh has set the goal of becoming an upper-middle-income country by 2031 and a developed and prosperous country by 2041.
