Indian businesses want to invest heavily in various sectors in Bangladesh, said representatives of the Bharat Chamber of Commerce at a view exchange meeting with high officials of Bangladesh Investment Development Authority (BIDA) yesterday.

Lokman Hossain Miah, BIDA executive chairman presided over the meeting.

Shah Mohammad Mahbub, BIDA director general, gave a PowerPoint presentation on the gradual economic development and future plans of Bangladesh, various sectors of investment, investment facilities and overall activities of BIDA.

"In the recent decade, Bangladesh's infrastructural development, political stability, despite the Covid-19 pandemic and consistent economic growth, have made Bangladesh one of the greatest investment destinations," Lokman said.

“Bangladesh is a large and growing market of 170 million people and the number of our middle class is also increasing day by day, in addition, we have already taken various investment expansion activities including the establishment of 100 economic zones, 27 hi-tech parks,” he said.

“As a result, Bangladesh will become an upper middle-income country after a decade, so now is the best time to invest in Bangladesh,” the BIDA executive chairman added.

NG Khaitan, president of the Bharat Chamber of Commerce, praised Bangladesh’s gradual development and said, "India and Bangladesh have always been friendly countries, and Bangladesh’s development in the last ten years is visible, Indian investors are always eager to be a partner in this development."

"We are on a four-day visit to Bangladesh to examine the areas of investment. Our investors are keen to invest in different sectors here,” said Avik Roy, secretary of the Bharat Chamber of Commerce.

Senior officials of BIDA were present on the occasion.