Govt rolls out plans to boost FDI Sohel Hossain Patwary
25th January, 2021 10:29:46
The government has outlined a plan of action to woo foreign investment to boost the country’s investment in the face of sluggish investment climate caused by the corona pandemic.
As part of the new action plan, the government-formed Investment taskforce has put forward 19 new recommendations for retaining existing investors, rebuilding investors’ confidence and attracting new investors.
Investment Taskforce and Bangladesh Investment Development Authority (BIDA) have made the recommendations in a report.
“Pandemic might have disrupted many investment opportunities but it has also opened up many horizons for emerging investment. Bangladesh has to promptly analyze the actions taken by the competitor countries for devising strategy by counteracting and seizing the impacts of the pandemic and supersede other countries in attracting and increasing FDI,” said the report.
Improve climate to attract more Chinese investment
Envoy says at China-Bangladesh Investment Summit Star Business Report Star Business Report
The government should improve investment climate in the country to attract more Chinese investment, said Li Jiming, China s ambassador to Bangladesh. We want to work with the government of Bangladesh to enhance our investment in the country.
Jiming made the comments while speaking at the China-Bangladesh Investment Summit, styled Showcase Bangladesh: 2021 China-Bangladesh Investment Virtual Forum , jointly organised by the Bangladesh Investment Development Authority (BIDA) and Standard Chartered Bangladesh.
Bangladesh has good potential for Chinese investment here as the country s per capita income has already crossed $2,000, Jiming said.
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BULLETIN BOARD
Journey, Challenges and Future Direction-Khulna Division, ICE Center, University of Dhaka STAFF CORRESPONDENT STAFF CORRESPONDENT
On January 18, 2021, Innovation, Creativity and Entrepreneurship (ICE) Center of University of Dhaka organized a webinar titled Closing Ceremony of the Eight Divisional Webinars and CMSMEs in Bangladesh: Journey, Challenges and Future Direction-Khulna Division as part of its REVIVE Project, a joint collaboration of ICE Center and UNDP Bangladesh starting from 9 AM in the morning. This webinar is the final of the eight webinars organized as part of discussing the stories, challenges and future direction of CMSMEs in different regions of Bangladesh.
Dr. Mashiur Rahman, the Economic Affairs Adviser to the Prime Minister, Government of Bangladesh was present in the webinar as the chief guest of the session while Executive Chairman of Bangladesh Investment Development Authority (BIDA), Md. Sira
Speakers at a virtual discussion yesterday suggested that channels alternative to banks be used to disburse government stimulus funds among cottage, micro, small and medium (CMSME) enterprises in a faster and even manner. So far, a little over 30 per cent of the government CMSME stimulus fund has been disbursed in efforts to offset the Covid-19's fallouts while almost all