The Financial Express

Call to mobilise foreign investment in Bangladesh

| Updated: November 02, 2020 15:52:44

Call to mobilise foreign investment in Bangladesh

Speakers at a recent programme stressed the importance of facilitating international investments in Bangladesh for fostering economic growth, creating employment, and tackling the potential fallout of the fourth industrial revolution.

They made the call while addressing an event marking a partnership between LightCastle Partners, a Dhaka-based consulting firm, and Netherlands-based Larive International, says a press release received on Saturday.

Larive International is a network of independent business development advisory firms in 24 high-growth markets throughout Asia, Central & Eastern Europe, Turkey and Sub-Saharan Africa.

The partnership between LightCastle and Larive International was formally announced on Thursday at a webinar attended by senior representatives from the development, private and the public sector.

Under the agreement, LightCastle will become the exclusive Member of the Larive Group in Bangladesh. Both the organisations will jointly provide professional services like business intelligence, market entry & growth strategy, M&A advisory and post-investment services for interested investors in Bangladesh.       

Attending as a special guest, M Riaz Hamidullah, Bangladesh’s Ambassador to the Netherlands, said, “As Bangladesh economy surges, within global supply and value chains, the Dutch business sees significant scope to partner with Bangladeshi peers.”

Davinia Lamme, Managing Director of Larive International, expressed her optimism about the strategic partnership with LightCastle.

“By joining forces with the LightCastle team, we are well-positioned to support our client base in this fast-growing market,” she said.

“Having already worked with Larive on several projects in Bangladesh, we are delighted to formalise our alliance”, says Bijon Islam, CEO of LightCastle.

“We are thrilled about the partnership and look forward to service the increasing number of foreign investors in Bangladesh,” he said.

Moderated by Ivdad Ahmed Khan Mojlish, Managing Director of LightCastle, Matthias Brienen, Director, Larive International, also spoke at the event, which was organised by LightCastle Partners.

Zahedul Amin, Director, Consulting Services, LightCastle, presented the keynote paper.  

Both the organisations have agreed to co-organise a series of public events in the near future for promoting investment opportunities in Bangladesh for international investors.

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