Saturday, 27 November, 2021

Expanding Business

Bangladesh to act as bridge between East, West: PM

Prime Minister Sheikh Hasina on Tuesday said the businessmen who come to invest here would get the opportunity to avail the market of South and Southeast Asia as Bangladesh will make a bridge between east and west for expanding business.

“In future, Bangladesh will be developed as a communication bridge between East and West,” she said while inaugurating the weeklong “Bangladesh Trade and Investment Summit-2021” at Bangabandhu International Conference Center (BICC), reports BSS.

Joining virtually from her official residence Ganabhaban in the capital as the chief guest, the premier said different opportunities are being created in various ways keeping in mind the geographical location and importance of Bangladesh.

She opined, “Those who come to invest in Bangladesh will not only get Bangladesh, I would say there will also be an ample opportunity (for them) to capture the South Asia and Southeast Asian market and export”.

The prime minister added it will further help expand trade and commerce in the country.

Sheikh Hasina said the communication networks are being built all over the

country through improving water, rail, road and airways.

Mentioning that, there was only one international airport in Dhaka in 1996, she said after assuming office, Chattogram and Sylhet airports have been turned into international ones while work is going on for another international airport in tourist hub Cox’s Bazar. 

“We are developing Syedpur airport as a regional one so that the neighbouring countries can also use it,” she added.

Speaking about the sea ports, Sheikh Hasina said they are improving country’s principle Chattogram sea port, Mongla port and a new Payra port, which will be developed as a deep sea port in future.

Extensive development work is also being done at Maheshkhali in Cox’s Bazar centring the new sea port, which will also turn into a deep sea port in future, she added. As part of the celebration of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the Golden Jubilee of the country’s Independence, Ministry of Commerce and Dhaka Chamber of Commerce and Industry (DCCI) are jointly hosting this international virtual Summit.

Foreign Minister Dr AK Abdul Momen, Commerce Minister Tipu Munshi, Prime Minister’s Private Industry and Investment Adviser Salman F Rahman, Commerce Secretary Tapan Kanti Ghosh, President of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) Md. Jashim Uddin and President of DCCI Rizwan Rahman also spoke at the ceremony.

An audio-visual documentary on Bangladesh’s economic progress was screened.

The summit includes nine sectors, underscoring critical enablers and avenues of the economy, seeking massive investments especially in Infrastructure (Physical, logistics and Energy), IT/ITES and FINTECH, Leather goods, Pharmaceuticals, Automotive and Light Engineering, Plastic products, Agro and Food Processing, Jute and Textiles and FMCG (Fast-moving consumer goods) and retail business.

A total of 552 companies from 38 countries along with Bangladesh of five continents will participate in 450 business to business (B2B) match-making sessions, which will help explore new business opportunities and attract FDI in Bangladesh.

Six webinars on different trade and investment related issues will be organized, where representatives from the business community, experts from local and international and Policy makers will participate to put their insights on these issues. The prime minister said the nine sectors which have been prioritized in Bangladesh Trade and Investment Summit is time befitting, but more sectors and products will have to be explored to increase exports.

She said, “Along with these sectors, I will also say that we need to research and find out what new products we can produce and export”.

She added, “We also need to consider whether we can produce those products in Bangladesh by realizing country-wise products demands.”

Sheikh Hasina also requested the business leaders, especially in the private sector, to pay special attention to this issue.