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The Financial Express

Capital market to emerge as main source of long-term financing, says land minister

| Updated: September 21, 2021 19:23:30


Land Minister Saifuzzaman Chowdhury addressing the first investment summit on ‘Bangladesh Capital Markets’ of a roadshow at Zurich in Switzerland on Monday Land Minister Saifuzzaman Chowdhury addressing the first investment summit on ‘Bangladesh Capital Markets’ of a roadshow at Zurich in Switzerland on Monday

Land Minister Saifuzzaman Chowdhury said the capital market would surely emerge as the main source of long-term financing very soon in Bangladesh.

Urging the foreign investors and businessmen to invest in Bangladesh, the minister said, "Bangladesh has been a  politically stable country for a decade where investors can rely on as its economy is doing great during this time."

The minister made the remarks while addressing the first investment summit on ‘Bangladesh Capital Markets’ of a roadshow with the theme "The Rise of Bengal Tiger: Potentials of Trade and Investment in Bangladesh" at a hotel in Zurich, Switzerland on Monday.

The programme was organised by the Bangladesh Securities and Exchange Commission (BSEC) to explore investment opportunities in the capital market of Bangladesh for the expatriate Bangladeshi and foreign investors, especially Swiss investors.

Ambassador of Switzerland to Bangladesh Nathalie Chuard, Bangladesh Securities and Exchange Commission Chairman Professor Shibli Rubayat-Ul-Islam were also present at the event, according to a press release issued on Tuesday.

The land minister further said, “If you look at our balance between Macro-economy and micro-economy, I think we are quite well balanced and we are heading towards the right direction.”

Urging her country's investors, Swiss Ambassador Chuard said “Take a good look at Bangladesh's vast growing economy, its 168 million people, mostly young populations, talented entrepreneurs and see how you can be bought into this success story.”

BSEC Chairman Professor Shibli said, “We have a trained and educated workforce, we have a very business-friendly government and also we have a favourable environment.”

BSEC has organised this series of roadshows to demonstrate Bangladesh capital markets, trade and investment opportunities globally and attract global investors including the NRBs. After the successful completion in Dubai and four major cities in the USA earlier this year, BSEC is conducting shows at Zurich and Geneva in Switzerland now.

The summit was attended by investors and business leaders of both non-resident Bangladeshis and foreign institutional and individual investors.

Bangladeshi high-level delegation team exchanged opinions with them and showcased the robust economic growth and investment potentials of the country, especially the immense opportunities in the refurbished capital markets and the infrastructural development to facilitate investments.

Senior Secretary of Finance Division Abdur Rouf Talukder, Senior Secretary of the Information and Communication Technology Division NM Zeaul Alam PAA, Executive Chairman of BEPZA Major General Md Nazrul Islam, SPP, Member of National Board of Revenue Md Alamgir Hossain, among others, participated in the summit.

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