Public-private coordination crucial

Foreign and local investment will increase in the country if Bangladesh is able to remove the barriers to the ease of doing business, said the UK prime minister's trade envoy to Bangladesh

Bangladesh has a lot of success in the economic and social sectors but coordination between the public and private sectors is very important for their continuity, said Rushanara Ali, the UK prime minister's trade envoy to Bangladesh.

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Ali, also a British parliament member, made the remarks in a meeting with business leaders of Bangladesh at the Dhaka Chamber of Commerce and Industry (DCCI) yesterday.

She said the development of the private sector, economic growth and trade expansion were the real growth drivers for Bangladesh's economy.

Foreign and local investment will increase in the country if Bangladesh is able to remove the barriers to the ease of doing business, she added. 

British High Commissioner to Bangladesh Robert Chatterton Dickson said Bangladesh's private sector was very strong and they were leading the economy from the front.

He said the Mirsarai economic zone in Chattogram was a good place for attracting foreign investment and there was a lot of opportunities there for the UK's investors as well. 

DCCI President Rizwan Rahman invited British investments in shipbuilding, garments, agro-processing, leather and footwear, light engineering and skills development sectors of Bangladesh.