BSEC has been organising road shows in different countries aiming to attract foreign investment in the capital market as well as to brand Bangladesh in the international arena, said BSEC Chairman Professor Shibli Rubayat-Ul-Islam on Sunday.
"We have already organised several Road Shows in the UK, USA and Switzerland and another one will be organized in Qatar in next month", he said.
He was addressing a view exchange meeting with DCCI President Rizwan Rahman as a DCCI delegation paid a courtesy call on him at BSEC headquarter in Agargaon.
He invited the DCCI to join the Road Show to showcase Bangladesh’s economic advancement, citing that the government of Bangladesh is a business friendly one and we all should uphold the positive image of Bangladesh in the international arena.
He sought cooperation from the private sector to expedite country branding in a much wider manner. Bangladesh has done tremendous progresses in many sectors especially in the infrastructure sector but these achievements did not get much promotion. During the meeting, DCCI President Rizwan Rahman said to encourage good companies and pursue well-performing large corporates for listing in the capital market, the tax difference between listed and non-listed companies should be rationalized.
He said as per the Global Infrastructure Hub Report, Bangladesh will need to invest USD 608 billion from 2016 -2040 in infrastructure sector. The current trend indicates that Bangladesh will be able to meet USD 417 billion investment in the infrastructure sector leaving a financing gap of USD 192 billion from 2016-2040.
"The capital market can play a pivotal role to reduce the investment gap in Bangladesh. Capital market has a huge potential to address the CMSME financing gap as well as encourage businesses to source long-term capital reducing dependence on banks and NBFIs", he added.
He said the DSE SME platform needs to be effectively operationalized as well aslisting rules for SME Platform needs to be relaxed. To create a vibrant secondary bond market, priority needs to be given to implementing enabling policy to develop market infrastructure, simplification of the bond issuance process, tax incentives for both issuer and investors, and credible credit rating by the national as well as international credit rating agencies. DCCI Vice President Monowar Hossain was also present on the occasion.
