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PM urges Indian entrepreneurs to invest in Bangladesh
NEW DELHI, Oct 3, 2019 (BSS)- Prime Minister Sheikh Hasina today urged the world investors, particularly those from India, to invest in Bangladesh, saying the country’s investment environment is the most liberal one in South Asia.
“It is the time for global investors, particularly Indian entrepreneurs, to invest in Bangladesh in areas like education, light engineering, electronics, automotive industry, artificial Intelligence – beyond the conventional menu,” she said, addressing as the chief guest the country strategy dialogue on Bangladesh in the India Economic Summit of the World Economic Forum at Hotel Taj Palace here.
“Today, Bangladesh offers the most liberal investment regime in South Asia – in terms of legal protection of foreign investment, generous fiscal incentives, concession on machinery import, unrestricted exit policy, full repatriation of dividend and capital on exit, for example” said the premier.
Spelling out the government measures to attract foreign investment, she said, “We are establishing 100 Special Economic Zones, with one-stop service across Bangladesh. Twelve of the zones are already functioning. Two zones are reserved for Indian investors. A number of high-tech parks are also ready for technology and innovative enterprises.”
The premier gave the credit of massive development to societal values and people’s trust in Bangladesh and said, “Many see Bangladesh as ‘a market’ of over 30 million middle and affluent class population and a ‘development miracle.”
“For me, our strengths are the societal values and peoples’ trust in Bangladesh. Equally, peoples’ aspiration to progress and their resilience as well as their confidence in our leadership,” she continued.
As many as 800 representatives from 40 countries are taking part in the two-day summit ending tomorrow. The Bangladeshi Prime Minister will address the closing session.
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