Bangladesh a suitable place for UK investors : experts  

Bangladesh a suitable place for UK investors : experts  

DHAKA Nov 11 2021 :

Experts at an investment summit recently
observed that Bangladesh is a suitable place for investors of the United
Kingdom (UK).

They made the observation at the “Showcase Bangladesh 2021: Bangladesh-UK
Investment Summit” in London on November 4, said a press release on Nov 10 2021, BSS.

Public and private sector leaders of Bangladesh and UK came together at
the summit to discuss the many win-win propositions that can take UK-
Bangladesh trade and investment relations to new heights.

The event was jointly organised by Standard Chartered and Bangladesh
Investment Development Authority (BIDA).

Salman Fazlur Rahman, Private Sector Industry and Investment Adviser to
the Prime Minister, Zunaid Ahmed Palak, State Minister for ICT, Md Sirazul
Islam, Executive Chairman of BIDA, Robert Chatterton Dixon, British High
Commissioner to Bangladesh, Saida Muna Tasneem, Bangladesh High Commissioner
to the UK, Ireland and Liberia and Md Jashim Uddin, President, Federation of
Bangladesh Chambers of Commerce and Industry attended the event.

Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh
and Torry Berntsen, CEO, Europe and Americas and CEO, UK Standard Chartered,
among others, also spoke on the occasion.

In his speech, Salman Fazlur Rahman said, “The sustained, broad-based
growth Bangladesh achieved over the last decade did not happen by accident,
it was achieved through insightful planning and visionary leadership of our
Prime Minister- Thank you Prime Minister. Now, in order to beat the ‘middle-
income trap’ and become a high-income nation by 2041, we need to continue to
develop our domestic markets and diversify our export baskets – both of which
would be catalysed by Foreign Direct Investment (FDI) and domestic
Investment.”

Zunaid Ahmed Palak said “12 years after the declaration of Digital
Bangladesh by Prime Minister, we have achieved major milestones as a nation
and have graduated to middle income status. ICT has played a role in this
incredible journey and will continue to be a key enabler of our sustained
progress.”

Mohammad Sirazul Islam said, “The UK is already the second-largest investor
in Bangladesh, but there is vast potential to do more. Bangladesh’s
liberalized investment policies and concessions encourage foreign investment.
Our government is keen on facilitating more investments from the UK, which is
a strong partner in our progress.”

Naser Ezaz Bijoy said, “2021 is a very special year for Bangladesh, as we
celebrate 50 years of our achievements as a nation. Bangladesh’s achievements
in terms of growth in nominal GDP in the first 36 years since independence
was trebled in a third of the time, over the last 12 years. Despite the
challenges posed by pandemic, the country achieved one of the highest
economic growth rates in the world, thanks to judicious policy intervention
by the Government and the resiliency of the people. The country is expected
maintain a growth trajectory that will enable GDP to exceed economies like
Malaysia, Hong Kong, Singapore, Denmark and others. This is absolutely the
right time to invest in Bangladesh which I believe is the “Best Kept Secret
of Asia.”