DHAKA, Dec 6, 2021 (BSS) - Prime Minister's Private Industry and
Investment Adviser Salman F Rahman today expressed his optimism that the
Foreign Direct Investment (FDI) to Bangladesh would increase two to three
times within the next couple of years.
The Adviser expressed such hope when a high-level delegation, led by
Hartwig Schafer, Vice-President, South Asia Region of the World Bank, held a
meeting with him today at his office in Bangladesh Investment Development
Authority (BIDA) building in the capital's Agargaon area.
The meeting discussed various issues including expansion of trade and
investment opportunities in Bangladesh and capital market development, said a
press release.
Hartwig Schafer highly praised the inclusive growth achieved by
Bangladesh in the last decade. The vice-president drew the attention of the
adviser to the lower GDP-FDI ratio of Bangladesh.
In response, the advisor apprised of the delegation that the ratio has
been steady in the last decade. "As the size of GDP is increasing every year,
the inflow of FDI is also growing," he added.
Salman briefed the World Bank delegation about the steps undertaken by
the government of Prime Minister Sheikh Hasina which include unprecedented
growth in the power sector, turning agriculture into agribusiness, setting up
of more than 100 economic zones to promote foreign direct investment as well
as local investment and save arable land from unplanned development.
The government's steps also include establishing National Skills
Development Authority to train and developing skilled human resources for
meeting the needs of Fourth Industrial Revolutions, building nationwide IT
infrastructure for widening digital connectivity across the country, framing
new laws and amending regulations for creating an enabling environment for
boosting investment in the private sector.
The advisor also mentioned the extraordinary success of the government
in mass vaccination to tackle the COVID-19 pandemic and keep the detection of
coronavirus and death rate under control.
Md. Sirazul Islam, Executive Chairman, BIDA, Professor Shibli Rubayat-
Ul-Islam, Chairman, Bangladesh Securities and Exchange Commission (BSEC),
Bikarna Kumar Ghosh, Managing Director (Additional Secretary), Bangladesh
High-tech Park Authority were present, among others, at the meeting.
The World Bank delegation members who accompanied the Vice-President are
Mercy Tembon, Country Director for Bangladesh and Bhutan, Zoubida Allaoua,
Regional Director, Equitable Growth, Finance, and Institutions, South Asia
Region, Cecile Fruman, Director, Regional Integration and Engagement, South
Asia, Yutaka Yoshino, Lead Country Economist and Program Leader.