Business

Bangladesh a suitable place for UK investors: Experts


By BSS
Published : 11 Nov 2021 09:18 PM | Updated : 13 Nov 2021 11:44 AM

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 Wednesday.   

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.  

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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."

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