Ficci vows to help improve investment climate

The Foreign Investors' Chamber of Commerce and Industry (Ficci) yesterday committed to promoting investment in Bangladesh and sought support from the Bangladesh Investment Development Authority (Bida) to this end.

Ficci President Naser Ezaz Bijoy provided this assurance during a meeting with Bida Executive Chairman Lokman Hossain Miah at the latter's office in Dhaka, according to a statement from the country's apex trade body of foreign investors.

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"Ficci's resilient efforts to improve the investment climate in Bangladesh is always appreciated by Bida and it allows members to conduct business with ease by reshaping the economy," said Bijoy, also chief executive officer of Standard Chartered Bank Bangladesh.

As a key partner of Bida, Ficci has embraced several actions that express some core priorities and aims to continue engaging in bringing fourth purposeful change by working more closely with the government, the statement said.

During the meeting, Miah told the Ficci delegation that there is a lot of scope to work together in building a more investment friendly economy.

The Ficci delegation expressed their interest to work hand in hand with Bida as it had in previous years. They also appreciated that Bida holds its relationship with Ficci even during times of crisis such as the Covid-19 pandemic.

"It was overall a very engaging meeting that may lead to various future collaborative activities between Ficci and Bida in different investment sectors of Bangladesh," Miah said.

The meeting was also attended by Ficci's board of directors, including Riad Mamun Prodhani, managing director and country president of Novartis (Bangladesh); Engr Abdur Rashid, managing director of SGS Bangladesh Limited; and TIM Nurul Kabir, executive director of Ficci.