Bangladesh Bank’s approval for seven local firms to invest abroad is a welcome move.
There are significant foreign investment opportunities for Bangladeshi businesses, but these opportunities have been held back quite a bit due to the central bank’s conservative attitude.
There is nothing wrong with local firms, which have already invested heavily within the country, looking to expand beyond our borders, and breaking into the global market.
The government deserves kudos for starting to review policy guidelines that will facilitate more investment abroad in the future, to cater to market demand.
It is a mistake to think all our investments should be made locally -- Bangladesh should not limit itself this way in an era of global business.
