The government is going to frame new investment policy aiming to build a sustainable investment system, offering incentives including tax exemptions for green financing, BIDA executive member (Foreign Investment Development) Mohsina Yasmin.
She said the Bangladesh Investment Development Authority (BIDA) is working actively to draft the new policy which will be finalized after sharing opinion with foreign investors, private sector and policy-makers.
Mohsina was sharing her views as a panel discussant at the 60th Founding Anniversary of Foreign Investors' Chamber of Commerce and Industry (FICCI) and Investment Fair-2023 at a city hotel. Abul Kalam Azad, co-chair of Smart Bangladesh Network and former Principal Secretary to the Prime Minister, was the chief guest in the session titled 'Green Value Chain'.
Moderated by chairman and managing director of Unilever Bangladesh, Javed Akhtar, BUILD Chairperson Barrister Nihad Kabir, UNDP Resident Representative Stefan Liller, grameenphone CEO Yasir Azman, Dhaka Chamber of Commerce and Industry (DCCI) president Barrister Md. Sameer Sattar took part in the discussion. Mohsina Yasmin informed that the government is going to launch a program titled "Bangladesh Investment Climate Programme" to improve and determine the internal business climate of the country.
She said foreign investment in Bangladesh is safe while it is also being possible to make investments here within the stipulated timeframe.
Abul Kalam Azad called for attracting foreign investment for sustainable economic development adding that some 100 special economic zones alongside numerous hi-tech parks are being set up in Bangladesh. He invited foreign companies to invest there.
Nihad Kabir, also the former MCCI president, wants assurance of getting fair price from the buyers for the products of RMG factories and other eco-friendly industries.
She noted that the price of products of eco-friendly factories should be higher and thus urged foreign buyers to increase the price of environment-friendly products. Speakers, addressed the session among others, expressed need to frame a progressive strategy to strengthen the green value chain.
