Synergy among Joint Chambers instrumental forattracting FDI in Bangladesh
DHAKA, Sept. 17 (NsNewsWire) — S A Samad Executive Chairman, Board of Investment (BoI) underscored the need for sustainablenetworking among Joint Chambers operating in Bangladesh for attracting foreign Direct Investment.
He was speaking at an event Joint Chambers’ Meet Up organized by Canada Bangladesh Chamber ofCommerce and Industry (CanCham Bangladesh), in association with Board of Investment (BoI) at DCCIAuditorium on 17 September, 2015.
Executive Chairman of BoI Dr. S. A. Samad attended the meet up aschief guest while Mr. Masud Rahman, President, CanCham chaired the session.
Executive Chairman of BoI Dr. S A Samad in his speech said that the economic and social indicators ofBangladesh are showing commendable progress. He added that since 2009 foreign direct investment(FDI) inflow has been increasing steadily. The services offered by BoI are made online.
He furtherdelineated that government has identified 27 locations for establishing special economic zones andcalled upon the Joint Chambers’ leaders to come forward for investment. He unfolded that thatBangladesh needs investment of about $7-8 billion in infrastructure development to attain 8-9 per centGDP.
He expressed his hope that the Joint Chambers could play a pivotal role to give a big push for tradeand investment. BoI Executive Chairman lauded the role of CanCham for organizing the meet up andconfirmed that BoI would follow it up by convening quarterly meet up. In his welcome address, President of CanCham Bangladesh Masud Rahman urged for a strongnetworking of joint Chambers to strengthen their voice in the policy formulation of trade and investmentas well as attracting FDI.
He said the present investment regime in Bangladesh is quite attractive thanmany other countries in Asia but we are yet to reap maximum benefit out of it because of precariouscondition in areas like infrastructure, port, energy and gas.
He said joint chambers play pivotal role topromote trade and investment between Bangladesh and different foreign countries.Director of Nordic Chamber of Commerce & Regional Head (Bangladesh and Pakistan) of H&M RogerHubert, President of Dutch-Bangla Chamber of Commerce Hasan Khaled, Senior Vice President ofIndonesia-Bangladesh Chamber of Commerce Muhammad Golam Mustafa, Director of France-Bangladesh Chamber of Commerce Dr. Rifat Rashid, CEO of India-Bangladesh Chamber of CommerceJahangir Bin Alam, Senior Vice President of Bangladesh-Thai Chamber of Commerce Charles C.R.Patra, Advisor of Turkey-Bangladesh Chamber of Commerce Halef Ozkurt, President of Italy-BangladeshChamber of Commerce H.M. Hakim Ali, President of Philippine –Bangladesh Chamber of Commerce RMaksud Khan and Executive Member of BoI Nabhash Chandra Mandal and Vice President (Operationsupport group) of Li & Fung (Bangladesh) Ltd. and Executive Member of Foreign Investors’ Chambers ofCommerce and Industry (FICCI) Christopher Young were present among others. The Presidents and Representatives of different Joint Chambers spoke on the occasion.
They sharedtheir experience and expressed their solidarity to establish networking among Joint Chambers under theauspices of BoI.