Even amid this dire pandemic situation and countrywide lockdown, it is encouraging to note that Bangladesh is becoming a centre of investment for global business community. Low labour cost, skilled manpower, favourable government policies, uninterrupted electricity supply, high productivity and political stability have made Bangladesh a global investment hub.
According to a report published in this daily on Sunday, Bangladesh Economic Zones Authority (BEZA) is the best place for the planned industrialization. Despite the pandemic, Bangladesh is keeping open all sorts of services through ports, Bangladesh Investment Development Authority (BIDA), BEZA and Bangladesh Export Processing Zones Authority (BEPZA). Investors from home and abroad are easily receiving the services.
All things are going in Bangladesh’s
favour in terms of attracting
foreign investments
Currently all things are going in Bangladesh’s favour in terms of attracting foreign investments. This is happening because of the trend in country’s purchasing power parity and macro economic stability. The massive numbers of industrial land in our advanced economic zones with proper infrastructure and striking incentive packages are also helping the cause.
To maintain this current flow more attractive incentive packages should be introduced by BEZA. This is because when we offer these packages to foreign investors, a compromise with revenue collection for a short period of time will bring greater return in the future.
We know that amid the pandemic countless people are losing their jobs and livelihoods and therefore, a perfect macro economic response with more foreign investments will decrease unemployment. Foreign companies go through a lot of time consuming hassel to transfer profits back to their country. The government should make sure that this issue is being addressed so that the investors face less complexities while taking the profit back home.