PM Hasina: Bangladesh an ideal place for investment

Bangladesh has been improving its connectivity within the country and also with neighbouring countries, says the prime minister

Prime Minister Sheikh Hasina on Sunday said many renowned companies from around the world are setting up their factories in the economic zones of Bangladesh.

"Bangladesh has emerged as an ideal place for investment with a favourable investment climate. We are building 100 Special Economic Zones across the country with all amenities available. Many of the world's famous companies are setting up their factories in these zones," she said.

The premier said this in a pre-recorded speech played at the World Marketing Summit 2022 that started on Sunday.

She said Bangladesh has the potential to be a large marketing hub for over three billion consumers due to its geographical location.

"It has its own market of 165 million people. There is a market of half a billion on its East and over a billion on the North. Besides, a market of another billion people lies in the West," she said.

Besides, she said that Bangladesh has been improving its connectivity within the country and also with neighbouring countries.

Harking back to June this year, she said: "We inaugurated the country's longest bridge, the Padma bridge, that has connected 19 southern and south-western districts directly with the capital Dhaka and other parts of the country."

She added that marketing is a discipline that can play an important role in changing the world in terms of creating jobs and making commodities available.

The prime minister hoped that the deliberations of the summit will help create a better world for future generations.

She thanked President of World Marketing Summit 2022 Professor Philip Kotler for inviting her to address the summit.

In 2012, Sheikh Hasina said she inaugurated the first World Marketing Summit held in Dhaka.

"I hope that the 3rd summit will focus on the ongoing challenges in the marketing arena in the aftermath of the Covid-19 pandemic and the Russia-Ukraine war, and the subsequent sanctions and counter-sanctions," she said

Noting that this year's theme of the summit “Marketing Changes to Meet Sustainability Goals”, she said, "I think, is appropriately chosen."

The Covid-19 pandemic and the Russia-Ukraine war, and the subsequent sanctions and counter-sanctions have made the commodity markets unstable across the world, she said.

She added that food and oil prices have gone up beyond imagination, and the supply chains got disrupted.

As a result, import-dependent countries like Bangladesh have been facing a formidable task in meeting the demand of essential commodities, she said.

Along with these, the premier said that the depreciation of currencies, high inflation and economic stagnation are making the situation more complicated.

In Bangladesh, she said: "We have been working to turn Bangladesh into a happy and prosperous country as dreamt by our Father of the Nation Bangabandhu Sheikh Mujibur Rahman."

Bangladesh has made an impressive progress in socio-economic fronts in the last 14 years, she said.

The prime minister said: "We are now self-sufficient in food production. Cent percent households are brought under electricity coverage."

Healthcare facility has been reached upto the remote villages with establishment of Community Clinics and Union Healthcare Centres, she added.

Bangladesh is at the top of the South Asian nations in women empowerment, she said.

"Per capita income rose to $2,824 from just $540 in 2006. Poverty rate went down to 20.5% from over 41% during the period. Bangladesh has been qualified for graduating from the LDC status," she went on saying.

Bangladesh faced the Covid-19 pandemic striking a balance between lives and livelihoods, she said.

She pointed out that Bangladesh has ranked 5th out of 121 countries in the Nikkei Covid-19 Recovery Index while the country secured top position among the South Asian countries.

Almost all eligible people have been brought under vaccination program, she informed

"Bangladesh is the top-ranking country in implementing SDGs. But the gains we have made over the years are being eaten away by the impacts of the pandemic and the war," she said.

The world must resolve the ongoing crisis immediately for the sake of protecting humanity from disastrous consequences, she said.