Prime Minister Sheikh Hasina on Wednesday invited investors from the Commonwealth countries to come to Bangladesh in a bigger way. While addressing the two-day "Commonwealth trade and investment forum Bangladesh-2023” the premier said that Bangladesh will become the third largest market globally, leaving behind Germany and the United Kingdom.
Over the last 10 years, FDI has been playing an essential role in maintaining the tempo of the current economic development of Bangladesh. Considering the country’s prevailing investment-friendly policies and overall development, foreign companies are showing their zeal to invest in Bangladesh.
We need to step up efforts and devise necessary initiatives to attract more foreign investments. Following the other Asian countries which have been able to attract massive FDI, Bangladesh should devise necessary measures to develop more infrastructures, build more skilled workforce, improve connectivity and encourage high-tech for a sustainable economic growth.
Necessary steps should be taken
to ensure better business facilities
alongside market
diversification to garner more FDI
FDI has immensely contributed to reinforcing foreign reserves, creating new job opportunities and increasing labour skills in recent times. Needless to say, all these are the consequences of the government’s earnest endeavours and various time-befitting policies to attract investors and to create a congenial atmosphere for boosting the FDI inflow. It is worth mentioning that the incumbent government pursues the most liberal investment policy in South Asia which incorporates protection of FDI by law and duty-free import of raw materials.
Though FDI has been increasing over the years, experts say that yet there is room for further investment in the coming days, especially in the post-corona era. Hence, necessary steps should be taken to ensure better business facilities alongside market diversification to garner more FDI. Last but not the least, business-friendly environment, taxation reform and long-term policy are needed to boost FDI inflow.
