Chief Adviser Professor Muhammad Yunus on Tuesday asked the authorities to resolve the land rights issue of the Korean Export Processing Zone by early next month and bring all the investment promotion agencies under one umbrella to attract more foreign investment to the country. The Chief Adviser gave the instruction when Kihak Sung, the chairman of the Youngone Corporation, and several other top foreign investors met him at the State Guest House Jamuna in Dhaka. Kihak Sung, whose South Korean company is the largest exporter from Bangladesh, raised several issues that he believed were discouraging FDI in Bangladesh and urged the Chief Adviser to improve the conditions for large-scale investment in the country. The Chief Adviser told Sung that the land issue of the Korean EPZ, which acted as a key deterrent to FDI in the industrial park, would be solved by February 6. "We want the Korean EPZ to be the model for everyone in Bangladesh. We hope it will attract big investments and create a lot of jobs," the Chief Adviser said. Govt demands clarification from UN on Rohingya exodus report Kihak Sung appreciated the Interim Government's fast-tracked move to resolve the long-standing issues involving the KEPZ. He said more Korean investors would now be keen to invest in Bangladesh. "It will open the doors for other investors. The KEPZ surely will be a model for the investors," he said. The Youngone Corporation chairman also urged the government for expedited shipments through the Chittagong Port, saying slow turnaround time in the country's largest port was largely to blame for the lack of high-end and fashion clothing orders from top global brands. Fashion clothing needs very quick exports, possibly in 10-15 days, he said, adding that Bangladesh does not have high-end fashion orders because sometimes it takes months to ship the orders. He cited the example of Vietnam, as to how the Southeast Asian nation, where he invested hugely in recent years, took moves to expedite exports. Prof Yunus said he has asked the authorities to make port operations efficient. He said Special Envoy Lutfey Siddiqi is working on a series of plans to make Chittagong a top port in the region. Kihak Sung and British investor Mohammed A Matin spoke for the need to bring all the investment promotion agencies under one umbrella, saying it will offer efficient one-stop services to foreign investors. The Chief Adviser said he has asked the Bangladesh Investment Development Authority chief, Chowdhury Ashik Mahmud Bin Harun, to bring all five investment agencies under one office. Ashik said the five different agencies for investment promotion were a legacy of the inept and corrupt governments in recent decades. He said the BIDA has undertaken a move to bring the agencies under one umbrella. Bangladesh seeks balanced trade with Malaysia: Commerce Adviser Sung said Youngone was building one of the world's largest textile institutes in the country, which will train thousands of young Bangladeshis every year. He invited Professor Yunus to join the opening ceremony to be held within three months. Matin has called for streamlining labour laws and introducing a net metering system for solar panels set up in the export processing zones. He also said due to discriminatory policy, investors in EPZ pay at least 26 percent taxes on the import of solar panels. The Chief Adviser said the Interim Government has moved to carry out vital labour reforms and said his special envoy, Lutfey Siddiqi, was working on the issue. He also said the government would likely introduce green channels in the Chittagong Port to fast-track exports from the country. "We need clarity. We need it simple," Kihak Sung said, referring to the labour laws. Javier Carlos Santonja Olcina, the country head of clothing giant Inditex, praised the efforts of the Interim Government to conduct vital business reforms and ease the conditions for doing business in Bangladesh. "I am really impressed. This is the new Bangladesh we need," he said, adding he hoped the country's exports would increase substantially this year. Paul Anthony Warren, Director of Dewhirst, which operates several garment factories in Bangladesh, also attended the meeting.

European Investment Bank (EIB) Vice-President Nicola Beer on Tuesday said they find the current situation in Bangladesh "stable" for their investment in priority sectors. "The current situation I see... It's stable for investment. So, we go on with what we already decided together. So, this was the reason why I was speaking about further signatures during this year's time," she told reporters while responding to a question at the Ministry of Foreign Affairs after her first meeting with Foreign Affairs Adviser Md Touhid Hossain at his office. But of course, Beer said, it is up to the Bangladeshi citizens and bodies to decide on the moment of elections and of the power then in Parliament afterwards. The EIB Vice President said she can only express from the side of the European investment Bank group that they are "backing" this interim government and they are looking together with the different ministries and sectors, which investments they now can also speed up. They also talked about the priorities of investments in Bangladesh to deliver. "I'm quite optimistic that we will see through the signatures during this year to come on important projects, especially in the sector of water and sanitation," she added. "I think we are quite near when it comes up for the programme of the interim government to reform and lead it to elections, quite soon," Beer said. EIB VP Beer begins Bangladesh tour to strengthen ties with interim govt She said she is really happy now to be here in Dhaka to hear firsthand from the different ministries, but also from economy leaders and citizens groups about the challenges and about their own plans for the future of the country. "I hope we can deliver together, especially with the support of the European Union. So I'm very happy that the ambassador is with us who is very well connected here in the country and gives us valuable insights," Beer said. "I only can assure you that the European Union as a whole is standing behind this interim government together with the Bangladeshi people, to serve the Bangladeshi citizens for the future to come," she added. Responding to a question from the UNB correspondent, Beer said energy is a very important part of it. "We have a framework loan, we want to bring it really down now also in the project and this is something we will look further and try to speed up." In today's meeting they discussed international relations, how they can place this country also in the region as a strong nation on an equal footing. "We reaffirm the support of the European Union and also of its bank as European Investment Bank. And now we'll see the different projects and maybe also new proposals with the other ministries and sectors. So maybe you ask me in two days’ time," Beer said. She began her three-day visit on Tuesday to review existing partnerships, discuss various issues and explore expanded investment cooperation with the interim government. Ambassador of the European Union to Bangladesh Michael Miller, among others, accompanied her during the meeting with Adviser Hossain. "A number of meetings have been lined up, including a meeting with Chief Adviser Prof Muhammad Yunus," a senior official told UNB on Monday. European countries: CA's press wing shares progress on visa issues Vice-President Beer, during her stay in Dhaka, will also hold meetings with Finance and Planning Adviser Dr Salehuddin Ahmed, Power, Energy and Mineral Resources; Railways Adviser Muhammad Fouzul Kabir Khan, Environment, Forest and Climate Change, Water resources Adviser Syeda Rizwana Hasan, Local Government, Rural Development and Co-operatives Adviser Asif Mahmud Shojib Bhuyain and Bangladesh Bank Governor Ahsan H Mansur to discuss wide range of issues, officials at the relevant ministers said while speaking to the UNB correspondent. She will also have a breakfast meeting with the representatives of the KfW, AfD, ADB, IMF, WB, IFC and JICA. The Vice President will have an interaction over dinner with the European Union Chamber of Commerce in Bangladesh (EuroCham). She is likely to visit Ghandharbpur Water Treatment Plant on Thursday before wrapping up her visit. The EIB, owned by the 27 EU member states, is the world's largest multilateral financial institution and serves as the European Union's investment bank. Vice-President Beer oversees policy priorities, critical raw materials, EU Multiannual Financial Framework (MFF) and financing operations in South, Southeast and East Asia. While climate action is a big part of EIB activities, it also focuses on the environment, development, innovation and skills, small and medium-sized businesses (SMEs), infrastructure and cohesion. Govt trying to make things easy for investors: Foreign Adviser Prof Yunus recently urged the European Union (EU) to extend support to Bangladesh to transform its energy sector. “We look forward to your cooperation on that…we also talked to other countries to provide us support for transformation of our energy sector,” he said during an interactive session with the diplomats of European countries, stationed in Dhaka and New Delhi last month. Chief Adviser Prof Yunus said the environment is, of course, a top priority for them. Bangladesh is a victim of environmental degradation that is taking place, Prof Yunus said, adding, “In one area, I get very interested – renewable energy”. The EIB finances and invests both through equity and debt solutions companies and projects that achieve the policy aims of the European Union through loans, equity and guarantees. Since its establishment in 1958, the EIB has invested over a trillion euros in projects in Europe and countries worldwide.

Bangladesh needs promotional campaigns in Turkiye to attract FDI (foreign direct investment), said Dhaka Chamber of Commerce and Industries (DCCI) President Rizwan Rahman. An 86-member business delegation of the Dhaka Chamber led by its president attended a forum on “Exploring trade and investment opportunities between Bangladesh and Turkiye” in Istanbul organized by Foreign Economic Relations Board of Turkiye (DEIK) on Thursday, according to a press release. Rizwan said Bangladesh is ready to take Turkish investment right at this moment. It needs to be figured out if there are any tariff and non-tariff barriers in terms of exporting to Turkiye, he added. He also stressed on knowledge transfer and technology transfer, research and knowledge sharing. He invited Turkish carpet makers to import quality jute from Bangladesh. He further termed RMG value chain, automotive, leather and footwear, pharmaceutical, plastic and infrastructure as the potential sectors for Turkish entrepreneurs in Bangladesh. Mentioning that export grew by 34.38% till June 2022 despite Covid situation, he said that Bangladesh has a good demographic dividend. The total working age people is 65% in Bangladesh. The Turkiye-Bangladesh Business Council was established in 2011 and the Bangladesh-Turkiye Business Forum was established in 2022. Moreover both the countries are member states of D8 and OIC. He also suggested forming a joint economic commission with an active participation of the private sector. During the meeting Chairman of DEIK/Turkiye-Bangladesh Business Council Onur Ozden said Turkish entrepreneurs are already in operation in Bangladesh and the others are very keen to explore these possibilities further. But the bilateral trade between these two countries should be increased and for that exchange of such business delegations would be the best option. Ambassador of Turkiye in Bangladesh Mostafa Osman Turan said Bangladesh is giving different fiscal and non-fiscal incentives to the foreign investors. B2B in that case plays a vital role for enhancing trade and investment. He also said that at present bilateral trade has crossed USD1.3 billion and it has a potential to grow more. Bangladesh’s market is a large market and Turkish investors may explore this opportunity. Infrastructure development, policy reforms and ease of business registration process will attract Turkish investors in Bangladesh, he added. Ambassador of Bangladesh in Ankara Mosud Mannan said private sectors of both the countries need to play a catalytic role. Despite there being a language barrier between the two countries but still it can be overcome, he added. Bangladesh government will establish 100 economic zones with different lucrative packages and that will foster foreign investors to come and invest in Bangladesh, hoped Mosud. More than 110 companies invited by DEIK joined for an interactive B2B session with the DCCI business delegation members after the business forum. At the end, a memorandum of understanding was signed between Dhaka Chamber of Commerce & Industry and Istanbul Gedik University. DCCI President Rizwan Rahman and President, Board of Trustees, Istanbul Gedik University Hulya Gedik signed the document on behalf of their respective organizations. Mohammad Nore-Alam, Consul General of Bangladesh to Istanbul was also present during the meeting.

Foreign Minister AK Abdul Momen has called on the British Bangladesh Chamber of Commerce and Industry (BBCCI) leaders to help attract more foreign direct investment (FDI) to Bangladesh. He had a courtesy meeting with BBCCI – which works in close cooperation with agencies specialised in Bangladeshi business, the Bangladesh High Commission in the UK, the British High Commission in Dhaka, the UK's Department for International Trade, the Federation of Bangladesh Chambers of Commerce and Industry and other local chambers – at a London hotel Sunday. "Bangladesh's biggest strength is its human resources, which can be exported abroad to earn foreign currencies and raise people's standard of living. But for this to happen, we will have to turn our human resources into skilled ones," Momen said. Read: Your democracy is for you to develop: Doraiswami He assured them of all the required support in setting up catering institutes in the country to meet the great demand for skilled people in the UK's catering sector. Momen also called on them to invest in Bangladesh's health and agriculture. Replying to a question from BBCCI President Sayedur Rahman Ranu, he said the government will do what it takes to stop the harassment of expatriates, especially those from the Middle East, at the airport. He also talked about Prime Minister Sheikh Hasina's instruction to launch the cargo service of Biman Bangladesh Airlines. BBCCI Director General AKM Nurujjaman, Finance Director Ataur Rahman Kuti, former president advisor emeritus Shahagir Bakth Faruk, ex-president Bashir Ahmed, and Director and Advisor Shafiqul Islam were also present at the meeting. Momen, the chief patron of BBCCI, is now in the UK as a member of Sheikh Hasina's entourage.    

Bangladesh does not want foreign direct investment (FDI) only in the form of funds, but also in the form of minds, thoughts, intelligence and individuals, the foreign ministry told US global investment management firm T. Rowe Price Group Thursday. Syed Muntasir Mamun, director general (international trade, investment and ICT) at the foreign ministry, and officers of the International Trade, Investment and Technology Wing and ICT wings had a meeting with the representatives of the US firm. The delegates suggested that for successful utilisation of the special economic zones and attracting foreign companies there, Bangladesh would need to highlight shining examples of companies that achieved great success after setting up business here. Founded in 1937, T. Rowe Price manages a portfolio of nearly 1.5 trillion $ funds. Johannes Loefstrand, portfolio manager of the frontier markets equity fund, Sebastian Murphy, investment analyst, and Rainbow Moore, investment analyst from T. Rowe Price, participated in the meeting. Read: Global FDI recovered to pre-pandemic levels in 2021 but uncertainty looms in 2022: UNCTAD They enquired about the actions taken for attracting more foreign direct investment, changes taking place in Bangladesh, initiatives for increasing export volume to strengthen the export-led economy of Bangladesh, activities and success of special economic zones and the digitalisation process. Muntasir mentioned the strength and technical excellence of human resources in Bangladesh, the size and texture of the domestic market, strong connectivity to northeastern India and South and East Asia in general, increased participation of women in the workforce and also in the leadership roles, booming local businesses, digitalisation, infrastructure in terms of connectivity and investment options that available here. Agencies like the Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA), Public Private Partnership Authority, Bangladesh Investment Development Authority, Bangladesh Securities and Exchange Commission (BSEC), and the Ministry of Commerce are working very hard to improve the ease of doing business and the Ministry of Foreign Affairs (MoFA) is work as a bridge to give the foreign investors full support 24x7, the DG said. MoFA has set up the International Trade, Investment and Technology Wing to facilitate and support foreign investors in every step of the process, he added. Muntasir also shared the ministry's plan to build a neural network for facilitating connections among markets and facilitating the flow of funds and technology. MoFA is also working on deploying a blockchain solution to entrench a data authentication protocol into the existing paper-based system, the DG said.

Flows of foreign direct investment (FDI) recovered to pre-pandemic levels last year, hitting nearly $1.6 trillion but the prospects for this year are grimmer, the latest UNCTAD World Investment Report said. The report entitled "International tax reforms and sustainable investment" said that to cope with an environment of uncertainty and risk aversion, developing countries must get significant help from the international community. Developing Asia, which receives 40% of global FDI, saw flows rise in 2021 for the third straight year to an all-time high of $619 billion. FDI in China grew 21% and in Southeast Asia by 44% but South Asia went the other way, falling 26% as flows to India shrank to $45 billion. "The need for investment in productive capacity, in the Sustainable Development Goals (SDGs) and in climate change mitigation and adaptation is enormous. Current investment trends in these areas are not unanimously positive," said Rebeca Grynspan, Secretary-General of United Nations Conference on Trade and Development (UNCTAD). Read: Padma Bridge to lead to unprecedented improvement in communication system: Kamal "It is important that we act now. Even though countries face very alarming immediate problems stemming from the cost-of-living crisis, it is important we are able to invest in the long term." Coming off a low base in 2020, global FDI flows rose 64 percent to $1.58 trillion last year with momentum from booming merger and acquisition (M&A) activity and rapid growth in international project finance due to loose financing and major infrastructure stimulus packages. Explore UNCTAD’s interactive data visualization on FDI inflows and outflows in countries and regions over the last 30 years. While the recovery benefitted all regions, almost three-quarters of the growth was concentrated in developed economies as FDI flows rose 134% and multinational companies posted record profits. Flows to developing economies rose 30% to $837 billion – the highest level ever recorded – largely due to strength in Asia, a partial recovery in Latin America and the Caribbean and an upswing in Africa. The share of developing countries in global flows remained just above 50%. The reinvested earnings component of FDI – profits retained in foreign affiliates by multinational companies – accounted for the bulk of the global growth, reflecting the record rise in corporate profits, especially in developed economies. The top 10 economies for FDI inflows in 2021 were the United States, China, Hong Kong (China), Singapore, Canada, Brazil, India, South Africa, Russia and Mexico. 2022 Prospects This year, the business and investment climate has changed dramatically as the war in Ukraine results in a triple crisis of high food and fuel prices and tighter financing. Other factors clouding the FDI horizon include renewed pandemic impacts, the likelihood of more interest rate rises in major economies, negative sentiment in financial markets and a potential recession. Read: xBudget FY23: Kamal sees rising inflation as a major challenge Despite high profits, investment by multinational companies in new projects overseas were still one-fifth below pre-pandemic levels last year. For developing countries, the value of greenfield announcements stayed flat. "UNCTAD foresees that the growth momentum of 2021 cannot be sustained and that global FDI flows in 2022 will likely move on a downward trajectory, at best remaining flat," the report underline. "However, even if flows should remain relatively stable in value terms, new project activity is likely to suffer more from investor uncertainty." In 2021, FDI in Latin America and the Caribbean rose 56% – with South America’s growth of 74% sustained by higher demand for commodities and green minerals. For structurally weak, vulnerable and small economies rose by 15% to 39 trillion, however influx to the least developed countries, landlocked and small island developing states combined accounted only for 2.5 percent of the world total in 2021, down from 3.5 percent in 2020. The impact of the pandemic intensified fragility and investment in sectors relevant for the SDGs – especially food, agriculture, health and education – continued to fall. "In 2022, FDI flows to developing economies are expected to be strongly affected by the war in Ukraine and its wider ramifications, and by macroeconomic factors including rising interest rates," the report said. "Fiscal space in many countries will be significantly reduced, especially in oil- and food-importing developing economies." Investing in Sustainable Development Goals After taking a significant hit in the first year of the pandemic, international SDG investment jumped 70% last year. But most of the recovery growth came in renewable energy and energy efficiency, where project values reached more than three times the pre-pandemic level. "While the 2021 recovery in value terms is positive, investment activity in most SDG-related sectors in developing economies, as measured by project numbers, remained below pre-pandemic levels," the report said. Read: Around US$ 4 billion invested in private economic zones : Kamal "Across developing Asia, investment in sectors relevant for the SDGs rose significantly," the report said. "International project finance values in these sectors increased by 74% to $121 billion, primarily because of strong interest in renewable energy." International project finance is increasingly important for Sustainable Development Goals and climate change investment. Some positive steps in these areas in 2021 could be tested this year. Announced international project finance deals hit a record of 1,262 projects last year and more than doubled in value to $656 billion. The introduction of a global minimum tax on foreign direct investment will have important implications for the international investment climate but both developed and developing countries are expected to benefit from an increased revenue collection.

Even as the jury is still out on the extent of capital account convertibility, the reforms in the capital account have been strong enough to attract among the highest foreign direct investment (FDI), finds a study by RBI economists. An analysis of the recent trends in FDI flows at the global level and across regions/countries suggests that India has generally attracted higher FDI flows and continued to remain among the top attractive destinations for international investors in line with its robust domestic economic performance and gradual liberalisation of the FDI policy as part of the cautious capital account liberalisation process, reports The Economic Times. " An empirical analysis of factors influencing inward FDI, considering major countries in terms of its FDI stock position in India reflects that inward FDI is significantly influenced by the trade openness, economic growth prospects, market size, labour cost and capital account openness of the host countries" said a study published in the Reserve Bank of India's latest monthly bulletin. Besides, foreign trade had a substantial share in the business where import intensity in purchase remained higher than export in sales for foreign subsidiary companies, the study notes.  Read: No foreign leader at India's Republic Day parade this year FDI in India initially picked up in the mid and late nineties following a series of policy measures to liberalise and strengthen the FDI environment in the country. But they slowed down after the global financial crisis of 2008 because it affected India macro-economic fundamentals which continued till FY '2013-14. FDI again got a major push during September 2014 after the government launched the ‘Make in India’ initiative to facilitate investment, foster innovation and build best in class manufacturing infrastructure. The reform made a positive foreign investment climate in India and helped in increasing growth in FDI inflows mainly due to strong investment in top three industry recipients viz., ‘manufacturing’, ‘communication’ and ‘financial services', the study notes. During 2015 to 2019, India received a cumulative FDI inflow to the extent of $ 173.3 billion and the share of top five investing countries in India stood at 76.7 per cent. Three major sectors viz., ‘manufacturing sector’, ‘communication services’ and ‘financial services’ together accounted for more than 50 per cent share in FDI inflows amounting US$ 89.6 billion during 2015-2019 Read: India seeks FBCCI's cooperation in boosting bilateral trade Over the period the quality of FDI data has also improved in lines with globally best standards. A number of information bases on FDI Statistics for India have become available. Global concepts help in understanding the statistical methodologies that countries employ in compiling the statistics and the resultant statistics can be used for cross-country comparison though countries with liberal investment schemes experience major challenges in estimation of foreign investment.

Two-day International Investment Summit, 2021 will begin at a city hotel on Sunday, aiming to promote Bangladesh as an attractive Foreign Direct Investment (FDI) destination and highlight different opportunities for private investors.The slogan of the summit has been selected as "Bangladesh Discover Limitless Opportunities" marking Mujib Borsho, the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, said Md. Sirajul Islam, executive chairman of Bangladesh Investment Development Authority (BIDA).  READ: FBCCI seeks enhanced trade, investment ties with UK Prime Minister Sheikh Hasina with inaugurate the summit virtually while ministers, domestic and foreign delegations, experts in the sector will join physically. All preparations have been completed, Sirajul Islam said. BIDA will organize the summit in association with Bangladesh Economic Zones Authority (Beza), Bangladesh Export Processing Zones Authority (Bepza), Bangladesh Hi-Tech Park Authority (BHTPA), Public Private Partnership Authority (PPPA), Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Foreign Investors' Chamber Of Commerce and Industry (FICCI).Representatives of the government and investors from different countries, including the USA, the United Kingdom, Japan, South Korea, Singapore, China, Saudi Arabia, United Arab Emirate, India, Turkey, Thailand, Malaysia, and the Netherlands are expected to take part in the summit.Local policymakers, investors and economists will also participate in the summit, the BIDA chairman added. READ: Weeklong trade summit ends with $1.16 bn investment prospect    The BIDA chief said there will be a string of sessions where potential of 11 prospective sectors will be thoroughly analyzed by the policymakers and experts. There will be one technical session on the second day, he added.

Commerce Minister Tipu Munshi on Sunday said Bangladesh’s upcoming trade and investment summit will help the country attract foreign direct investment (FDI). The minister said this while addressing a press conference at the conference hall of Dhaka Chamber of Commerce and Industries (DCCI) ahead of the ‘Bangladesh Trade and Investment Summit-2021’. Marking birth centenary celebrations of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the Golden Jubilee of Independence, the Ministry of Commerce and DCCI is going to jointly host the week-long International virtual Summit from October 26 to November 1. Turning to the price hike, the minister said the prices of essential commodities have increased recently due to the impact of price hike in the global market. Also read: Bangladesh Trade and Investment Summit to kick off on Oct 26 “We’re working to keep the prices under control, but the most consumed items like oil, sugar and onion are imported to meet the domestic demand. The prices of these products have gone up in the global market and that reflection is also seen here,” Tipu Munshi said. The minister said the government set a $51 billion export target in the current fiscal year through product diversification. Currently, Bangladesh makes 83-84 percent export income from the garments sector alone. Bangladesh has a lot of potential to export many other products like leather, jute, light engineering, IT, agro-based products, the minister said. DCCI President Rizwan Rahman made a presentation on the summit and mentioned that this includes nine sectors underscoring critical enablers and avenues of the economy, demanding massive investments, especially in infrastructure (Physical, logistics and Energy), IT/ITES and FINTECH, leather goods, pharmaceuticals, automotive and light engineering, plastic products, agro and food processing, jute and textiles and FMCG (Fast-moving consumer goods) and retail business. He said 552 companies form 38 countries alongside Bangladesh will participate in 450 business to business (B2B) match-making sessions, which will help explore new business opportunities and attract FDI to Bangladesh. Also read: Multiple initiatives taken to remain competitive in global market: Tipu Munshi Besides, he said, six webinars on different trade and investment issues will be organized with the participation of representatives from the business community, experts from local and international and policy makers. The DCCI President said this virtual summit will showcase Bangladesh's preparedness at this time of Covid-19 pandemic among the investors and entrepreneurs. Commerce Secretary Tapan Kanti Ghosh, DCCI Senior Vice President NKA Mobin, Vice President Monowar Hossain, DCCI Board members and senior officials of the commerce ministry were, among others, present.

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) is going to have an event on November 21 to commemorate the 50 years of Bangladesh’s Independence with a roadmap for FDI and facilitating the economic progress of Bangladesh with three growth drivers. A research report titled “3 Growth Drivers of Bangladesh: Accelerating Investment Opportunities in Agribusiness, Digital Economy and Green Finance” will be unveiled at the event. Planning Minister MA Mannan will be present at the programme as the chief guest, while Salman F Rahman, Private Industry and Investment Adviser to Prime Minister will join it as special guest. Read: Growth target achievable if GDP-Investment ratio increases: FICCI Shwapna Bhowmick, EC Member of FICCI and Country Manager of Marks and Spencer will chair the event.