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Bangladesh PM Sheikh Hasina launches fresh bid to attract FDI

Bangladesh Parliament

Aimed at drawing investments into the country, Dhaka kicked off its week long ‘Bangladesh Trade & Investment Summit 2021’ on Tuesday.

“Those who would come to invest in Bangladesh would also get the opportunity to access South and South Asian markets,” Bangladesh Prime Minister Sheikh Hasina said while virtually inaugurating the event which will be on from October 26 to November 1. The summit is also being observed as part of celebrations marking this year as Mujib Barsho. In 1971, Bangladesh gained independence.

Hasina also pointed out the prospects and incentives for foreign investors to make investments in Bangladesh, a report by the Financial Express said.

Also read: India not to allow extremist attacks on Hindus to derail India-Bangladesh ties

The news organisation noted that a total of 552 companies from 38 countries are participating in the event.

It will have 450 business-to-business (B2B) match-making sessions that are aimed at helping investors.

Foreign Minister AK Abdul Momen, Commerce Minister Tipu Munshi, the prime minister’s Private Industries and Investment Affairs Adviser Salman Fazlur Rahman and President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Md Jasim Uddin also addressed the session, the news report said.

Meanwhile, earlier, India’s Ambassador to Bangladesh Vikram Doraiswami said that FDI from India into the South Asian nation is estimated at over $3 billion. “The investment of Indian companies in Bangladesh is increasing. If you observe, the companies that have already invested in the country, they are reinvesting," he had said.