Speakers in different plenary sessions on the second day of the Bangladesh Business Summit 2023 said that the country is secure for investment with the advantage of a low-cost workforce and lucrative tax exemption offers for both domestic and foreign investors.
They said Bangladesh has also the advantage of being the hub for regional connectivity for several big markets of Asia.
Commerce Minister Tipu Munshi said that investment in Bangladesh is much more affordable, attractive, and safe than in other countries of the world. China, Korea, and Japan have already invested here, he said.
“The development work of 100 economic zones of the country has also progressed. There is an export target of $100 billion by 2031,” he added.
Prime Minister's Advisor on Private Industry and Investment Salman F Rahman said Bangladesh has a more affordable and safer investment environment than other countries in the world.
“Investing in this country will save 47 to 84 percent of cost for workers, and 41 to 69 percent of operational spending,” he said.
State Minister for Foreign Affairs Shahriar Alam said, “Infrastructure development has taken place around our mega project. Many other developments, including Padma Bridge, Karnaphuli Tunnel, and Payra Bridge have been made to facilitate investment and business.
Bangladesh has the most green factories in the world. The top cleanest green factory in the world is also in the country, he said.
“We have a safe working environment, come here, we have all facilities, for investors,” said Alam.
Ministers from seven countries, including the United Kingdom, Saudi Arabia, China, Bhutan, and the United Arab Emirates, chief executive officers of 12 multinational companies, more than 200 foreign investors’ representatives, and business leaders from 17 countries participated in the summit. FBCCI organised the summit to celebrate 50 years of its foundation.
FBCCI called for highlighting Bangladesh's achievements in the economy in 50 years.
Prime Minister Sheikh Hasina inaugurated the three-day summit at the Bangabandhu International Conference Centre (BICC) on Saturday.
On Monday (March 13) several sessions will be held on circular economy, public-private partnership, hi-tech and automobiles, SMEs development, pharmaceuticals and healthcare, Special Economic Zone, women’s participation, tourism and blue economy.