While inaugurating ‘7th BAPA Food Pro International Expo 2019’ on Wednesday, Agriculture Minister Dr Abdur Razzak said the government is ready to provide all sorts of supports to the foreign investors. Of late, Bangladesh has been labelled as a lucrative destination for foreign investors by the Nikki Asian review. The government is providing continued support for increasing FDI inflow and has already completed standard operation measures for providing smooth services to attract more foreign investors. Reportedly, the government pursues the most liberal investment policy in South Asia which incorporates protection of FDI by law, duty free import of raw materials. Considering the country’s prevailing investment-friendly atmosphere and overall development, foreign companies have continued showing their zeal to invest here.
special attention should be given to
ensure better business facilities alongside
market diversification to attract more foreign
Japan, China, Russia, India, Saudi Arabia and many European countries have reportedly signed a large number of contracts to work in Bangladesh. Thus Bangladesh has registered a record level of FDI inflow last year. Reportedly, the amount of FDI rose to record high by 68 percent to the level of USD 3.7 billion. There is no denying that such rise in FDI inflow is the consequence of the government’s various time-befitting policies to attract investors and to create a congenial atmosphere for fuelling the FDI inflow. Also experts attribute the contribution of new economic zones in attracting foreign direct investment (FDI) in Bangladesh.
Though the FDI has been increasing over the years, experts say that yet there is room for further investment in the coming days. In this regard, special attention should be given to ensure better business facilities alongside market diversification to attract more foreign investors. Also friendly business environment, taxation reform and long-term policy are needed to attract more foreign investors.
Currently FDI comes from Japan, Malaysia, Australia and China and in order to sustain the country’s economic growth in coming days, more foreign investments are needed. In this regard, maintaining the political stability in near future will be crucial.