‘Business-friendly environment will help in attracting FDI’

Creating a business-friendly environment as well as simplification of the investment process would help in bringing foreign direct investment, speakers say at a programme.

"Everybody is welcome to Bangladesh for investment. We need regular reforms of policies and regulation as per need for creating a business-friendly environment," said MA Mannan, minister for planning.

He was addressing an event styled "Accelerating Bangladesh" organised by the Foreign Investors' Chamber of Commerce and Industry (FICCI) at Sheraton Dhaka hotel today.

FICCI also unveiled a research report on "Growth drivers of Bangladesh: accelerating investment opportunities in agribusiness, digital economy, and green finance.''      

According to the research report, Bangladesh's resiliency and prosperity can be attributed to a number of causes, including increased private sector involvement, remittances, economic liberalisation, and trade integration.

Building on its achievements, Bangladesh intends to become an upper-middle-income country by 2031 and a developed country by 2041, but it must initially overcome fundamental high-level economic restrictions, FICCI said.

This report focuses on agribusiness, digital economy, and green financing for climate-smart investments to understand what is best to unleash their global and domestic competitiveness, taking into account global trends, Bangladesh's diversification needs and national priorities.