DHAKA, Aug 3, 2021 (BSS) - Prime Minister's Private Sector Industry

and Investment Adviser Salman F Rahman today urged the Bangladeshi
expatriates to invest in Bangladesh.

  "Investment is needed to accelerate the progress of country's
economy and initiatives have been taken to reduce problems related to
investment of expatriates," he told the closing session of a
ten-day-long road show on Bangladesh's economy in San Francisco, USA.

   Mayor of the state of California Lisa M. Gilmore spoke at the
event, said a press release.

  Among others, Bangladesh Securities and Exchange Commission (BSEC)
Chairman Prof. Shibli Rubaiyat-ul-Islam, Financial Institutions
Department Senior Secretary Abdur Rauf Talukder, Commerce Secretary
Tapan Kanti Ghosh, Investment Development Authority (BIDA) Executive
Chairman Sirajul Islam, Bangladesh Export Processing Zones Authority's
(BEPA) Executive Chairman Major General Nazrul Islam and BSEC
Commissioner Dr Mizanur Rahman also spoke.

   Salman F Rahman said, "Bangladesh's economy is steadily advancing
and the private sector is leading the economy. The private sector is
also leading various manufacturing companies, banks, insurance, media
and power sectors."

  This was possible due to the dynamic leadership of Prime Minister
Sheikh Hasina, he added.

   Prof. Shibli said, "The current environment in Bangladesh is
investment friendly. Political stability, economic viability,
purchasing power of people, exchange rate, youth labor force and
ecosystem are in favor of investment."

   The potential for venture capital and startup businesses is
increasing in Bangladesh. So it is the high time for investment, he
added.

  Mayor Lisa termed Bangladesh as a country of emerging economies and
praised Bangladesh's progress. This progress was possible due to
dynamic leadership of Prime Minister Sheikh Hasina.