Call to improve investment atmosphere for attracting foreign investors

Bangladesh Investment Development Authority (BIDA) on Tuesday called upon authorities concerned to eliminate rifts between public and private sector in order to create investment friendly atmosphere for wooing foreign investment.  

"No rift should exist between the private sector and public sector. Rather we need to work together to warrant an all-out pro-investment atmosphere", said BIDA Executive Chairman Kazi M Aminul Islam.

Mr Islam came up with the remark while the Board of Directors of Dhaka Chamber of Commerce & Industry (DCCI), led by its President Osama Taseer, called on him at BIDA headquarters in the capital.

Pointing out a huge number of educated youth are still unemployed, he urged the private sector to invest further for creating more employment opportunities.

He also said facilities at Dhaka airport should be improved to give foreign investors a positive impression of the country’s investment atmosphere.

DCCI President Osama Taseer said, “We have to attract local and foreign investments and improve our infrastructure, industrial energy situation, institutional framework and skills in order to improve our position in the ease of doing business ranking.”

The private investment needs to be scaled up to 26.6 per cent by 2021, he said, adding that complex regulations and bureaucratic hurdles increase the cost of doing business and hurt investment growth.

He further said national FDI strategy needs to be aligned with the industrial policy, import and export policy and foreign exchange regulations.

DCCI Vice President Imran Ahmed and its directors Hossain A Sikder, Ashraf Ahmed, SM Zillur Rahman, Mohammad Bashiruddin, Alhaj Deen Mohammad, Enamul Haque Patwary took part in the discussion.

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