Market digest

Kamal calls for more British investment in Bangladesh

Staff Correspondent

2 August, 2019 12:00 AM printer

Finance Minister AHM Mustafa Kamal urged the British companies to come forward to invest in Bangladesh taking advantage of its young and growing population.

The finance minister made the urge at a breakfast meeting hosted by chair of British Business Group (BBG) Francois de Maricourt and British High Commissioner in Bangladesh Robert Chatterton Dickson in the capital on Wednesday.

Speaking at the breakfast meeting Finance Minister Mustafa Kamal, who was the guest of honour, said Bangladesh needs more foreign direct investment (FDI) to move forward.

The meeting was attended, among others, by Chowdhury Nafeez Sarafat, Chairman of the Padma Bank and Managing Director of the country's largest combined cycle power plant, Unique Meghnaghat Power Limited. 

The finance minister said Bangladesh was strategically positioned between China, India and other growing economies in Asia, and that it’s time had come.

He acknowledged that the country needed foreign direct investment (FDI) to move forward and said that more British companies should look to invest in Bangladesh and take advantage of its young and growing population

The Chair of BBG, Francois de Maricourt, the CEO of HSBC Bangladesh, said companies of the United Kingdom (UK) are among the biggest investors in Bangladesh and are fully supporting the country’s growth.

He noted Bangladesh is the fastest growing economy in the Asia Pacific region, with HSBC forecasting growth of 8.1 percent this year.