Monday, 23 May, 2022
E-paper

Expecting more US investment

Bangladesh is at the threshold of becoming a middle-income country. But domestic investors are not alone capable of exploiting the country's unused resources. For optimum use of resources the country needs advanced technology, sufficient capital and know-how et cetera. FDI may cater to the need for achieving faster economic growth. As to why, the government is providing various benefits including tax exemption for foreign investors. Whenever Prime Minister Sheikh Hasina goes abroad she always urges foreign investors to invest in the country. Bangladesh is an ideal country for investment. The investment policies of the government are excellent. The country has already created one of the most attractive and liberal investment regimes.

Since independence, the US has been one of the development partners of Bangladesh and is contributing significantly to our socio-economic progress. The US is the single largest source of FDI and export market for our goods. The American businesses are keen to strengthen the bilateral ties with Bangladesh. As to why, a team of 30 US business executives are now visiting Dhaka. The team members expressed their spirit of collaboration with local businessmen and the government at the US Bangladesh Business Summit held in the capital on Monday. While addressing a meeting with the visiting business delegation of the US-Bangladesh Business Council at her official Ganabhaban residence yesterday the PM said Bangladesh needs enhanced investment from its friendly countries, especially from the USA, as it aspires to become a prosperous country by 2041.

The government is setting up 100 special economic zones for domestic and foreign investors across the country. It is ready to earmark one of the zones exclusively for the US investors, if they are willing to invest. The US investors should avail themselves of the opportunity being offered by Bangladesh. They may invest more in potential sectors like power and energy, ICT, infrastructure, light engineering products, mobile phone and electronic goods, automobile, agro-processing, pharmaceuticals, ceramics, among others. We believe the US trade team would be able to appraise the congenial atmosphere and feel confident for investment in Bangladesh.