‘Business summit successful in showcasing competence of Bangladesh’

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has said that the three-day business summit was successful in achieving recognition of global leaders about the competence of Bangladesh.

"It is our great achievement that more than 300 foreign delegates join the summit through getting registration and they accepted the strength of Bangladesh," FBCCI president Md Jashim Uddin.

The FBCCI president was addressing a press conference on the conclusion of the Bangladesh Business Summit 2023 held at the Bangabandhu International Conference Centre (BICC) in the city on Monday, reports BSS.

He said the aim of the summit was to showcase the strength of Bangladesh before the world and brand the country globally.

"Hopefully, we have gained our success and businesses from many of the countries will make investments in Bangladesh to take advantage of the growing domestic market, strategic location and young workforce," Jashim said.

He hoped that Saudi Arabia would make a significant amount of investment in Bangladesh as a minister of the country attended the summit and signed an agreement and three memoranda of understanding with Bangladesh aiming for investment in many areas including fertiliser industry.

"After the successful completion of the business summit we are confident that the journey for the trillion dollar economy would also be successful," the chief of the country's apex trade body said.

Jashim said that many western countries have been relocating their manufacturing industries from China due to geopolitical reasons and Bangladesh would benefit from the relocation.

Prime minister Sheikh Hasina has assured private sector businesses that investors in the country would get all-out support from the government and the culture of red tape would be eliminated.

The prime minister on Saturday inaugurated the Bangladesh Business Summit which featured three plenary sessions on strategic issues, 13 parallel sessions, business-to-business meets, networking sessions, an open house reception and guided tours for international delegates.

Ministers from several countries including the United Kingdom, the Kingdom of Saudi Arabia, and Bhutan, CEOs of 12 multinational companies and more than 200 foreign investors took part in the summit.