Finance Minister AMA Muhith has said Bangladesh is well prepared for attracting Foreign Direct Investment (FDI), with the country offering various incentives to foreign investors besides ensuring a favourable environment for doing business in Bangladesh.
"We are well prepared for attracting FDI", the finance minister told a 15-member Norfund delegation of Norway while it met him at his secretariat office in the capital on Monday.
He said the investors, both foreign and local, on many occasions expressed their satisfaction over the investment environment in Bangladesh and the incentives they have been enjoying for years in this country. Referring to Bangladesh Investment Development Authority (BIDA), the minister said the new authority would make the rules and regulations for making investment easier.
He said the business environment improved a lot in the past few years following a stable political situation.
Describing the achievements in the economic front, Muhith said the country made remarkable progress in all socio-economic indicators because of the government's inclusive and pro-poor policies.
Muhith said the GDP growth reached 7.28 percent this year, with maintaining a steady rise in the past few years and taking per-capita income to $1610 last financial year.
Urging Norwegian investors to invest in the country, the minister said there are huge demands for investment in the country's leather and pharmaceutical sectors as export of leather products and medicines are on the rise in the global markets, including USA.
The finance minister informed the Norwegian team that the government is establishing technical schools in every upazila across the country to cater the needs of skilled manpower.