Atiur asks banks to invest more in Cox’s Bazar

Bangladesh Bank Governor Atiur Rahman yesterday urged banks and other financial institutions to invest more in Cox’s Bazar for the development of tourism industry in the district.

The governor advised high officials of banks to visit Cox’s Bazar every few months and take up projects for its development.

Rahman said there are many sectors in Cox’s Bazar, the town that boasts of the world’s longest sea beach, where banks and other financial institutions can invest.

Any bank or financial institution can take part in the development of the nation by investing here, he said.

He was speaking at the inauguration of a three-day event styled “Bank-Nascib SME Beach Festival 2011” on the premises of Parjatan Corporation motel — Probal.

Sheikh Mohammad Abdus Sobhan, central president of the National Association of Small and Cottage Industries of Bangladesh (Nascib), chaired the ceremony.

Bangladesh Bank Executive Director SM Moniruzzaman, Parjatan Corporation Chairman Hemayet Uddin Talukder, City Bank Managing Director K Mahmood Sattar and AB Bank Managing Director Faruq Ahmed, among others, were present.

Ninety-seven stalls have been set up for this year’s festival. Banks and financial institutions are showcasing their products in 32 stalls and small entrepreneurs in 65 stalls.

Credit worth Tk 6.30 crore was also distributed among more than 50 small and medium entrepreneurs during the ceremony.

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