‘Capital market to be main source of long-term financing’

Published : 21 Sep 2021 09:28 PM | Updated : 22 Sep 2021 07:53 PM

The Capital Market will surely appear as the main source of long-term financing very soon in Bangladesh.

Land Minister Saifuzzaman Chowdhury came with the remark while addressing as the chief guest of the first investment summit on ‘Bangladesh Capital Markets’ of a roadshow with the theme ‘The Rise of Bengal Tiger: Potentials of Trade and Investment in Bangladesh’ on Monday. 

This was organized by the Bangladesh Securities and Exchange Commission (BSEC) at a hotel in Zurich, Switzerland to showcase investment opportunities in the capital market of Bangladesh to the expatriate Bangladeshi and foreign, especially Swiss investors in the development of the capital market of Bangladesh.

Ambassador of Switzerland to Bangladesh Nathalie Chuard, Bangladesh Securities and Exchange Commission Chairman Professor Shibli Rubayat-Ul-Islam were also present at the event.

Land Minister further said, “If you look at our Balance in the economy, between Macro-economy and Micro-economy, I think we are quite well balanced and we are heading towards the right direction. Under the leadership of Prime Minister Sheikh Hasina we have been able to bring Bangladesh into a certain level of development.”

Saifuzzaman Chowdhury called upon the investors and businessmen present at the time and said, “There is a wind of change in the air of Bangladesh, you’ll see it, you’ll feel it, once you’re there, once you invest in there. Since this growth is led by private sectors, you’ll also enjoy it along with the private sectors. Bangladesh is a country with political stability for a decade where you can rely on. And our economy is doing great during this time.”

Swiss Ambassador said, “Take a good look at Bangladesh, its vast growing economy, its 168 million people, mostly young populations, talented entrepreneurs and see how you can be bought into this success story.”

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BSEC Chairman Professor Shibli said, “We have a trained and educated labor force, we have a very business-friendly government, we have a favorable environment. That’s why Bangladesh Government is here to invite you, we want to be with you, we want you to come to Bangladesh with all your technical and innovative resources, and making a partnership with Bangladesh will be a Win-Win situation for both parties.”

BSEC has organized this series of roadshows to demonstrate Bangladesh Capital Markets and Trade and Investment opportunities globally and attract global investors and NRBs to invest in Bangladesh. After successful completion in Dubai and four major cities in the USA earlier this year, BSEC is conducting shows at Zurich and Geneva in Switzerland now.

The summit was attended by investors and business leaders of both Non-resident Bangladeshis and foreign institutional and individual investors. Bangladeshi high-level delegation team discussed and exchanged opinions with them and showcased the robust economic growth and investment potentials of Bangladesh, especially the immense opportunities in the refurbished capital markets and the infrastructural development to facilitate investments.

Senior Secretary of Finance Division Abdur Rouf Talukder, Senior Secretary of the Information and Communication Technology Division N M Zeaul Alam, Executive Chairman of BEPZA Major General Md Nazrul Islam, Member of National Board of Revenue Md. Alamgir Hossain participated in the summit, along with private sector leaders among others.