Sunday, 17 October, 2021

Bangladesh to attract more FDI

State minister for planning says

  • Staff Correspondent
  • 26 September, 2021 12:00 AM
  • Print news
Bangladesh to attract more FDI

State Minister for Planning Dr Shamsul Islam on Saturday said Bangladesh is poised for attracting more foreign investments, especially from China.

"Bangladesh as the number one country in terms of per capita income and all human development indexes in Southeast Asia is poised for more attractive and fruitful investment, especially Chinese investment," he said.

He was addressing a webinar titled "Chinese Investment – Prospects & Challenges in Bangladesh," arranged by Bangladesh China Chamber of Commerce and Industry (BCCCI), said a press release.

The keynote paper was presented by Dr Md Rakibul Islam and Associate Professor of the Dept of Management Information Systems, Dhaka University.

Mohsina Yasmin, Executive Member, Bangladesh Investment Development Authority (BIDA), Mahbub Uz Zanan Ambassador of Bangladesh to China were the special guests at the webinar.

Md Mazadul Hoque, Economic Analyst, Dr M. Abu Eusuf, Professor of Dhaka University and Director of RAPID, Siddiqui Legal Economist and Co-Convener of Bangladesh Columnists Forum took part in the discussion.

On behalf of BCCCI the webinar was attended Gazi Golam Mortuza, President of BCCCI and vote of thanks offered by ATM Azizul Akil David, Senior Vice President of BCCCI.

In the speech as chief guest Dr Shamsul Alam, State Minister for Planning, underscored the need of expanding the horizon of Chinese investment in Bangladesh.

He said the number of Chinese companies operating in Bangladesh should be raised keeping in consideration of the volume and growing intensity of investment cooperation from the government and people of China.

Current number of Chinese companies operating in Bangladesh is 400 in comparison with 600 Japanese companies, he noted. 

With advanced technology, human skills, congenial infrastructure and investment friendly atmosphere, he said, “Bangladesh could become the leading investment destination of Chinese investment.”