Fakhrul hails Bangladesh as a fertile ground for investment

Local Government, Rural Development and Cooperatives (LGRD) Minister Mirza Fakhrul Islam Alamgir has said that Bangladesh is currently a highly promising and fertile destination for investment, with extensive opportunities for foreign investors in infrastructure, public-private partnerships (PPP), transport, and technology sectors.

He made the remarks on Monday during a courtesy meeting with Non-Resident High Commissioner of Singapore to Bangladesh Derek Loh at the Secretariat, said a press release.

The minister said Bangladesh is facing various challenges related to development and modernisation, but under the leadership of Prime Minister Tarique Rahman, the government is taking effective initiatives across different sectors to maintain economic growth and progress.

During the meeting, both sides emphasised the importance of further expanding and strengthening bilateral cooperation between Bangladesh and Singapore. Discussions focused on making ongoing cooperation more effective in areas such as investment, healthcare, technology exchange, waste management, and rural development.

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The minister invited Singapore to invest in Bangladesh’s potential sectors, saying Singapore’s experience and technological expertise could further accelerate the country’s development activities.

Rural Development and Cooperatives Division Secretary Mohang Shawkat Rashid Chowdhury, Director General of the Planning, Monitoring, Evaluation and Inspection Division Md Mahmudul Hasan, along with senior ministry officials, were also present at the meeting.