Business Seminar on "Foreign Direct Investment: Why Bangladesh?"
A business seminar themed uoon "Foreign Direct Investment: Why Bangladesh?" is organized by BGCCI on 27th August 2017 in The Westin Dhaka. The seminar intended to inform its audiance regarding the advantages Bangladesh offeres in foreign direct investment. This business seminar was chaired by the state minister of Ministry of forign affairs Mr. Mohammad Shahriar Alam M.P.
“Organising visits at the highest level, concluding agreements/MoUs to enhance trade, ensuring more interactions among the chambers, sending business delegations are creating more opportunities for enhanced engagements between our businesses,” Md Shahriar Alam said, speaking on why countries should invest in Bangladesh.
Chargé d’Affaires of German embassy Michael Schultheiss also spoke at the discussion chaired by BGCCI President Tawfiq Ali.
The state minister said Bangladesh has come a long way since 1971 and now is fast making an economic transformation. “From subsistence agriculture, it is becoming marginalized, process oriented, diversified and value added economy.”
The manufacturing and the service sectors occupy four-fifth of Bangladesh’s GDP.
Science, technology and innovation are increasingly becoming the hallmark of the present day economic activities in Bangladesh.
“We are now working to establish 100 economic zones in different parts of the country as part of our new plan to industrialise Bangladesh inclusively – 76 have already been identified, four private EZs and two public, private partnership EZs have been prepared for investment,” he said.
“We are also developing a number of Hi-tech parks,” he said, inviting German companies to take advantage of these new economic opportunities through building new business partnerships in Bangladesh.
He also cited some global reports that portrayed Bangladesh’s development.
The PwC report projected Bangladesh as one of the three fastest growing economies globally over the next three decades along with India and Vietnam.