Bangladesh is set to hold a roadshow in Frankfort, Germany tomorrow with a view to branding itself and attracting foreign direct investment into the country.
A 36-member delegation, comprised of government officials and private entrepreneurs, leaves Dhaka in the early hours today to attend the show.
The team is led by Syed A Samad, Executive Chairman of Board of Investment (BoI) of Bangladesh.
BoI and Bangladesh German Chamber of Commerce and Industry (BGCCI) are jointly organising the event titled “‘Bangladesh Investors’ Meet 2013: Emerging Bangladesh.”
Investments will be sought mainly in the fields like production of garment industry’s machinery, hospital equipment, establishing vocational training institutions and generation of renewable energy, said a BoI official preferring not to be named.
He said this (roadshow) is one of initiatives the government has taken for the private sector development to continue economic growth and also to take it to a new height.
Apart from attending the roadshow, the team will meet business people and chamber leaders of Germany to discuss business opportunities and privileges Bangladesh is offering to foreign investors, said a source.
Representatives from Bangladesh Bank, Power Development Board, Export Promotion Bureau, Ministry of Power and Energy and chief executive officer of Public Private Partnership (PPP) Project, Vice Chancellor of Bangladesh University of Engineering and Technology (BUET), first secretary of National Board of Revenue, media personalities and representative from private sector, among others, will be present during the show.
The past three years’ data showed the Foreign Direct Investment (FDI) in Bangladesh maintained a continuous growth.
In 2012, FDI rose to $1,292.6m with 13.75% up from the previous year’s $1,136.38m while in 2010 the figure was $913.32m, showed an UNCTAD report.
According to the report, the 2012 FDI inflow was the highest ever in Bangladesh.
The year’s FDI came to the sectors mainly of fresh equity, $497.63m, and intra-company loans, $207.4m. And, a total of $587.53m was received from the reinvested earnings.
In 2012, the telecommunication sector received the highest FDI of $375m while the textile sector got $307.5m.
