‘Bangladesh investment-friendly state’

Economic Correspondent: Executive Chairman of Bangladesh Investment Development Authority (BIDA) Kazi M Aminul Islam regarded Bangladesh as the investment-friendly liberal democratic state.

Aminul Islam said, “We have tremendous labour markets and consumer categories. Infrastructural development, LNG services, communication system for transporting goods and deep sea port access are increasing day by day in Bangladesh. The world witnessed a nosedive in foreign currencies in last year when gross domestic product (GDP) of Bangladesh has doubled. Foreign direct investment in Bangladesh has increased to 68 percent which is the maximum in the world.”

The BIDA chairman came up with the comments when a business delegation of the United Arab Emirates (UAE) paid a courtesy call on him at his office in Dhaka on Tuesday.

Aminul Islam said, “Now, our journey is towards the developed world. Bangladesh will turn into a developed country by 2041. BIDA will always extend its cooperation for the sake of business.”

Appreciating the development of Bangladesh, the UAE business delegation shared a plan to establish an economic zone of their own in the country and expressed their keenness to invest in the agriculture and food processing sector of the country.

risingbd/Dhaka/Jul 2, 2019/Nasir/AI