FICCI partners with government to attract global investors and expand business opportunities in Bangladesh

The Foreign Investors' Chamber of Commerce & Industry (FICCI) will collaborate with the government to attract international investors and expand business opportunities in the country.

FICCI President Zaved Akhtar stated this in the 61st Annual General Meeting (AGM) of the chamber, which took place on Thursday, December 5, 2024, at Le Méridien Dhaka, says a press release.

In his opening remarks, the FICCI President highlighted FICCI's achievements over the past year, underscoring the Chamber's dedication to creating a favorable investment climate in Bangladesh. He acknowledged the significant contributions of member companies and stressed the importance of joint efforts in driving economic growth and sustainable development.

“I am honored and delighted to preside over the 61st AGM of the chamber. As we embark on this exciting journey together, I want to express my deepest gratitude to all our members for their unwavering support and dedication. Their active participation, innovative ideas, and commitment to fostering a better business environment have been the driving force behind FICCI's continued success,” said Mr Akhtar.

He added, “With our collective vision, expertise, and determination, I am confident we will continue to build a prosperous and resilient Bangladesh—one that is not only a global hub for investment but also a beacon of innovation, inclusivity, and sustainability, serving as a harbinger of change.”

He mentioned, “We regularly maintain our connection with the government and other stakeholders. While advocating with the current government, we focus on four key areas of concern for foreign investors: law and order, energy security, a level playing field, and predictable policies. Effective law and order are crucial for smooth business operations and maintaining a positive international image. Additionally, reliable, affordable, and sustainable energy is essential for both medium-term and long-term development. Multinational companies require a level playing field to comply with local laws and regulations while paying taxes commensurate with their market share. Finally, consistent, long-term policies are necessary to build investor confidence and enable predictable investment futures in Bangladesh.”

In his closing remarks, FICCI Vice President Yasir Azman extended his heartfelt gratitude to the members for their unwavering support and dedication. He underscored the Chamber's steadfast commitment to advocating for the interests of foreign investors, while working closely with the government to position itself as a key ambassador for Bangladesh in the global investment arena.

The 61st AGM concluded with a renewed sense of optimism and determination to strengthen the partnership between the government and foreign investors, further contributing to Bangladesh's economic growth and development. The event was attended by FICCI Executive Director T I M Nurul Kabir, along with the Board of Directors, CEOs, and other officials of member companies.