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A delegation from the Foreign Investors’ Chamber of Commerce and Industry (FICCI), led by its President Zaved Akhtar, met with Lutfey Siddiqi, the Chief Advisor’s Special Envoy for International Affairs in the Interim Government of Bangladesh, today (September 17, 2024). The meeting took place at the Bangladesh Investment Development Authority (BIDA) office in the capital, focusing on boosting foreign investment in Bangladesh.
The newly appointed BIDA Executive Chairman, Ashik Chowdhury, participated virtually from Singapore, with Dr. Khandoker Azizul Islam, Executive Member (Investment Environment Services) of BIDA, presiding over the session.
During the meeting, the FICCI delegation extended congratulations to Lutfey Siddiqi and Ashik Chowdhury on their recent appointments. The discussions centered around the challenges foreign investors face in Bangladesh, along with strategies to enhance the country’s appeal as an investment destination.
FICCI President Zaved Akhtar highlighted the chamber’s activities and presented an in-depth analysis of the barriers to foreign investment. He emphasized the importance of structural reforms and collaboration to address these challenges, stating, “We have many potential investors in the pipeline eager to invest in Bangladesh, but they are currently facing several barriers. It is essential that we work together to identify and resolve these issues to foster economic growth.”
Special Envoy Lutfey Siddiqi shared his vision for addressing these concerns, assuring the delegation that the government is committed to improving the business climate. He highlighted the importance of creating a favourable environment to attract and retain foreign investment in the country.
Speaking virtually, BIDA Executive Chairman Ashik Chowdhury stressed the importance of ongoing efforts to enhance the investment climate. Both Siddiqi and Chowdhury reaffirmed their commitment to working closely with FICCI and other stakeholders to implement necessary reforms.
The meeting was attended by FICCI Board members, Advisors, and senior officials from BIDA, including the Director General and other key representatives.