BIDA to attract Canadian investment

Bangladesh Investment Development Authority (BIDA) executive chairman Md Sirazul Islam on Tuesday said various measures are being taken to attract more investment from Canada. BIDA is planning to organise a roadshow in Canada to promote opportunities and build a positive image for Bangladesh, he said during a dinner hosted by Canadian High Commissioner to Bangladesh Benoit Préfontaine at his residence yesterday. “BIDA is working to enhance its efforts of promoting investment opportunities. If Canadian investors feel there are barriers, we will identify and resolve those problems while providing all necessary support,” the BIDA chief said.

Benoit Préfontaine said Canadian industries have many competitive advantages and there are several scopes of investment in Bangladesh. He discussed the potential for Canadian investment in Bangladesh’s infrastructure, agro-processing, medical services or training, education and more.

The High Commissioner also explored the possibility of investment through Canada Pension Plan (CPP) fund, one of the world's largest sovereign wealth funds, worth over 409.5 billion Canadian dollars. Canada Bangladesh Chamber of Commerce and Industry (CanCham) President Masud Rahman and Vice President Mohammad Kamal Uddin, among others, were also present in the reception.