All distinguished speakers have focused on how to attract foreign investments in Bangladesh
Better Bangladesh Foundation in partnership with BBF Global has hosted its flagship webinar “Global Entrepreneurship & Investment Summit 2020” to connect Bangladeshi entrepreneurs with global investment opportunities.
Government officials and business leaders participated in the concluding session of the summit which was hosted online on Sunday with BBF Chairman Prof Masud A Khan conducting the webinar, a press release said on Tuesday.
Planning Minister MA Mannan, Commerce Minister Tipu Munshi, and and Bangladesh Investment Development Authority (BIDA) Executive Chairman Md Sirazul Islam participated in the webinar, among others.
Apart from the top ranking government officials, numerous leaders from business associations both at home and abroad took the opportunity to express their thoughts and insights in regards to working towards a structured approach to attracting foreign investments in Bangladesh, the release added.
“Bangladesh is no longer a basket case,” Sirazul said while highlighting the numerous initiatives taken from BIDA to encourage entrepreneurship at a grass root level and the plethora of investment opportunities available.
As Bangladesh is moving towards diversifying its export potential from RMG, the common consensus is that it will require time and commitment to attract attention in the global marketplace.
Dhaka Chamber of Commerce and Industry (DCCI) President Shams Mahmud while speaking on the session said: “We are capable of establishing any form of industry and compete in those categories with other regional players.”
Vibrant workforce with diverse range of industries
“There are large opportunities in the industrial supply chain due to the Covid pandemic” PanelXP Ltd Lead Consultant Ashif Jahan said. “We look forward to working with American multinational organizations in partnership with BBF and government agencies to consider Bangladesh as one of their manufacturing partners for industrial and construction materials, with the right public relations (PR) and branding effort.”
“Bangladesh hosts both a vibrant workforce and a growing base of entrepreneurs in a diverse range of industries. While there are challenges in all aspects but unfortunately the global media focuses on only the negative as of late and not on the positive ones,” noted the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Vice President Siddiqur Rahman.
“I am greatly awed and inspired by the positive attitude of the Non-Resident Bangladeshi (NRB) community,” the commerce minister said. “Bangladeshis living abroad are the brand ambassadors of the country, and if they want to contribute with foreign direct investment (FDI) into the country, my ministry will cooperate and work 24/7, if required.”
BBF aspires to work closely with local and international media partners, business associations and government agencies to bring about a positive, and much needed, transformation in the global perception of Bangladesh, the release also said.
The planning minister commented that an action oriented approach to ensure proper outcomes should be taken which can be measured and analyzed.
Bangladesh Bank former governor Dr Atiur Rahman while speaking on the session also emphasized the need to highlight Bangladesh’s exponential growth of the last decade in the global arena, acknowledging the contribution of farmers in ensuring the country’s food security.
US-Bangladesh Global Chamber of Commerce Chairperson Aziz Ahmad, BBF Global USA Chief Coordinator Rafiq Khan, BBF Global USA Advisor Sazzad Rashid, BBF Global USA Coordinator Deloar Khan, BBF USA Ashif Jahan, BBF USA Coordinator Arifur Rahman, BBF Italy Chief Coordinator Zakaria Kazi, BBF Malaysia Chief Coordinator Mahbub Alam Shah, BBF Germany Chief Coordinator Abbas Chowdhury, BBF Qatar Chief Coordinator Ashraf Azad, BBF UK Chief Coordinator Councilor Moin Quadri, Rotary International Bangladesh former district governor (DG) Safina Rahman, and Rotarian Parvin Sultana also joined the discussion, among others.
All distinguished speakers focused on how to attract foreign investment in Bangladesh and the necessary initiatives that must be taken by government to involve NRBs through the BBF network all over the globe.
The summit concluded with the BBF chairman thanking its partners and well wishers - BBF Global, Chittagong Stock Exchange and PanelXP for their respective contributions.