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Agribusiness, green economy to be FDI growth drivers

Says FICCI study report

  • Staff Correspondent
  • 22 November, 2021 12:00 AM
  • Print news

Agribusiness, green finance and digital economy will play the key role to attract foreign direct investment in Bangladesh in post-pandemic era, said a study report.

Foreign Investors' Chamber of Commerce and Industry (FICCI) unveiled the report at a summit titled “Accelerating Bangladesh” in Dhaka on Sunday.

Planning Minister MA Mannan was the chief guest. The report identified private sector involvement, remittances, economic liberalisation and trade integration for resiliency of Bangladesh.

The report was prepared in association with Policy Exchange Bangladesh marking the 50th anniversary of the country’s independence and birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

The report focused on climate-smart investment to understand what is best to unleash their global and domestic competiveness, taking into account global trends, Bangladesh’s diversification needs and national priorities.

Presenting a roadmap, FICCI shared its vision on the country’s next economic leap through FDI.

The summit discussed the global best practices to follow in development planning and policy formulation for FDI.       Prime Minister’s Private Industry and Investment Advisor Salman F Rahman was the special guest on the occasion.

FICCI President Rupali Haque Chowdhury, vice-president MHM Fairoz, Standard Chartered Bangladesh CEO Naser Ezaz Bijoy and FCCI executive director TIM Nurul Kabir were also present.

FICCI executive committee member Shwapna Bhowmick chaired the session.

Planning Minister MA Mannan said the roadmap and three growth drivers as presented by the FICCI will be a good reference in the country’s development planning.

“We need to keep this in mind that the driving sectors will be the key agents of success,” said the minister.

“Supporting their competitiveness through sharing global best practices and exploring policy opportunities in Bangladesh will be key to unlocking the potential across the economy,” he added.

Salman F Rahman said the country has attained high potentials for meeting economic goals in creating employments and increasing export earnings.

“Besides, there is a significant impact on small and medium enterprises, unlocking potentials for long-term sustained growth, and exploring new investment opportunities,” he said.

Rupali Haque Chowdhury said, “FICCI is here to extend full support to the government promoting FDI.” “We are in touch with foreign investors and help build confidence among the existing investors so the government effectively implement policies and commitments,” said Chowdhury, also managing director of Berger Bangladesh.

Bangladesh Investment Development Authority (BIDA) Executive Chairman Md Sirazul Islam, Apex Footwear Managing Director Syed Nasim Manzur, Grameenphone CEO Yasir Azman, Metropolitan Chamber of Commerce and Industry (MCCI) President Nihad Kabir were also present in the session titled “Branding Bangladesh.”

FICCI was established on the 1st of July 1963 in the port city of Chattogram.