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Dhaka Tribune

BB: Several incentives in offing for wooing NRB investment

Update : 05 Dec 2015, 06:21 PM

Bangladesh Bank Governor Dr Atiur Rahman has said several incentives for the non-resident Bangladeshis are under consideration if they invest in the special economic zones like hi-tech park and industrial park.

He urged the NRBs to invest more in Bangladesh for making their investment secure and profitable with taking full advantage of all facilities.

“Bangladesh is now an attractive hub for investment,” he said while addressing a conference on NRB Investment: Capital Market and Real Estate at a city hotel held yesterday.

He said different savings instruments such as non-resident foreign currency deposit, US dollar premium bond and wage earners development bond are available for investment by NRBs.

The central bank has taken additional measures to attract NRBs to participate in these trading platforms, which are now mostly digitised, he added.

Moreover, BB Governor said, “The government is also encouraging public-private partnership, tax holiday and other exemptions on investment to boost investment by the NRBs.”

“Virtually all industrial sectors in Bangladesh are open for investment by the NRBs. They can engage in profitable investment by setting up cost effective labour intensive export manufacturing bases in Bangladesh producing for markets in host countries and elsewhere,” he noted.

In fact, some of them already invested in the areas of aviation, hotels and restaurants, fish and agro-processing industries.

The governor said, “BB is now working to facilitate the NRBs to investment in the real estate sector in Bangladesh.

“A circular will be issued in this connection immediately.”

The central bank is also working to allow the NRBs for opening their bank accounts through online, he added. 

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