Sunday, 29 January, 2023

Bangladesh to be trn-dollar economy by 2035: FM

Prime Minister Sheikh Hasina to inaugurate Bangladesh Business Summit 2023 in March

  • Special Correspondent
  • 20 January, 2023 12:00 AM
  • Print news
Bangladesh to be trn-dollar economy by 2035: FM

Foreign Minister AK Abdul Momen said Bangladesh is moving towards the right direction to become a trillion-dollar economy by 2035.

“We are moving towards the right direction to become a trillion-dollar economy by 2035.We have potential to become an international business and manufacturing hub,” he said.

The minister was addressing a briefing about the upcoming Bangladesh Business Summit 2023 as the chief guest.

The summit is scheduled to be held on March 11-13, 2023. This  is an international trade and investment promotion event organised by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) marking its 50th anniversary.

Prime Minister Sheikh Hasina is expected to inaugurate the event and join the fireside chat with Richard Quest, one of the most prominent media figures from CNN in the USA.

The Bangladesh Business Summit is a very timely initiative in the backdrop of Covid- 19 pandemic and the Russia-Ukraine war, which disrupted the global economy and supply chain, the foreign minister said.

“We are working with our best possible calculations to stimulate our production ecosystem and keep trade in investment points,” he added.

“We’re highly optimistic that this event will help us reach out to international business communities and uphold the strength of our global connections for finding win-win paradise for the economic prospect of Bangladesh,” AK Momen said.

Commerce Minister Tipu Munshi was also present. He said that the potential investors are expected to invest in a big way at 100 special economic zones here as Bangladesh’s agriculture based economy is being transformed by export oriented industrialisation.

He said this at a briefing “The potential investors are expected to invest in a big way with the completion of 100 special economic zones in the country. Agriculture based economy is being replaced by export oriented industrialization and gradually moving to a knowledge-based economy.”

The minister requested that the diplomats join the FBCCI’s 50 years’ celebration and brand Bangladesh as the best trade and investment destinations having lucrative business opportunities and incentives.

Bangladesh stands as a success story attracting investors from the dominating global players like Saudi Arabia, Singapore, Japan, India, China, Russia & USA and the sustainable progress of Bangladesh has been reflected in the UN declaration of Bangladesh as eligible for LDC graduation, Tipu Munshi said.

He thanked the FBCCI for taking this wonderful initiative to represent Bangladesh to the world as the business hub of Asia and beyond.

The summit that envisaged to become Bangladesh’s flagship business event seeks to highlight Bangladesh economic and market strengths, and concrete trade and investment opportunities in Bangladesh by convening national and global business leaders, investors, policymakers, practitioners, policy and market analysts, academia, and innovators.

The Bangladesh Business Summit will also host the best of Bangladesh Expo and FBCCI Business Awards 2023.

There will be three plenary sessions on strategic issues, 13 parallel technical sessions, B2B Meets, Networking Sessions, Open House Reception & Guided Tours for International Delegates.

As a special feature, for the first time in Bangladesh, CNN Experience is going to host a Fireside Chat with Sheikh Hasina, hosted by Richard Quest, anchor and correspondent, CNN Business Editor at Large. CNN will also conduct a session on Bangladesh Business Opportunities and a Panel Discussion with Richard Quest.

The FBCCI is partnering with CNN to cover the event globally. The Ministry of Foreign Affairs, Ministry of Commerce and Bangladesh Investment Development Authority- BIDA are also working with the FBCCI for the summit.

Md. Jashim Uddin, President of the FBCCI and the key person to organise such a large-scale international summit, said, “This country is now moving forward with a new vision. That is Smart Bangladesh.”

“A cost-effective, sustainable, intelligent, knowledge-based, innovative Smart Bangladesh will be built on the four main foundations of Smart Citizen, Smart Economy, Smart Government and Smart Society by 2041,” he said.

Md. Jashim Uddin said, “FBCCI is also playing a significant role to make this journey successful. As a part of this journey FBCCI is going to organise Bangladesh Business Summit 2023 to showcase all the improvements and dynamic business opportunities of this country.”

FBCCI Senior Vice-President Mostofa Azad Chowdhury Babu also spoke on the occasion. The Networking Luncheon was also attended by business leaders of Bangladesh, FBCCI members and officials and media personnel.