State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that Bangladesh requires $170 billion dollars investment in the power and energy sector by 2041. He said while addressing a session on "Strengthening the Future of Economic Growth of Bangladesh" at the high-level discussion meeting titled "U.S.-Bangladesh Economic Partnership: Shared Vision for Smart Growth" organized by the US Chamber of Commerce in Washington DC on Tuesday. “There are profitable investment opportunities in different sectors and sub-sectors like LNG, renewable energy, smart grid, smart distribution, electric vehicle infrastructure, onshore and offshore hydrocarbon exploration,” said the state minister. Read More: Investment in Bangladesh will bring huge success: PM Hasina to Japanese businesses He also said that upgrading gas infrastructure, setting up petrochemical industries, reducing GHG emissions, smart gas distribution are among the sectors where US companies can invest and the government will provide special incentives to foreign investors. He said that Prime Minister Sheikh Hasina has given the vision of building a smart Bangladesh to build the golden Bangladesh as dreamt by Father of the Nation Bangabandhu Sheikh Mujibur Rahman. “It needs financial investment as well as technical and knowledge-based cooperation to realise the vision,” he said adding that investment should come not only from multilateral development agencies, but also from the public and private sectors. Read More: Momen due to leave for US Friday with trade and investment high on agenda Eric Walker, president of Chevron's Bangladesh office and Dr. John Ardil, vice president of Exxon Mobil also addressed the event.

US Chamber of Commerce will virtually launch US-Bangladesh Business Council on Tuesday to strengthen the trade, commerce and investment relations between the two countries. Senior Official for Economic Growth, Energy, and the Environment of the U.S. Department of State Ambassador Marcia Bernicat and US Ambassador to Bangladesh Earl Miller will discuss the strategic and commercial outlook of Bangladesh and the US in the 21st century. Also read: Dhaka-Washington ties to get stronger under Biden Administration: Ambassador Miller Leaders from the government and private sector of both countries will talk on the future of the US-Bangladesh economic partnership. With a rapidly-growing middle class, skilled workforce, and resilient economy, Bangladesh presents an unparalleled opportunity for investment and business partnerships, said the US Embassy in Dhaka. Also read: US-Bangladesh relations: A little less pious talk, please The country’s investments in human capital and physical and digital infrastructure are poised to transform the country over the next decade, it said With the launch of the U.S.-Bangladesh Business Council, the Chamber is demonstrating its continued commitment to fostering bilateral business ties and creating an expanded platform for business advocacy, said the host country. Also read: Promoting respect for rights a global effort, says US

Bangladesh has conveyed to the United States that it is giving much focus on infrastructure development for overall economic growth of the country and showed no interest towards security aspects of the Indo-Pacific Strategy (IPS).

Speakers at an online conference on Wednesday stressed the need for strengthening Bangladesh-US partnership on trade and investment for mutual benefits.