Prime Minister Sheikh Hasina urged to increase foreign investment in Bangladesh.  Investment Expo-2023

Prime Minister Sheikh Hasina urged to increase foreign investment in Bangladesh. Investment Expo-2023

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The Prime Minister said he planned to make all offices providing investment services completely online and digital.

Also, he said that they are continuously working to simplify the investment policy, including tax exemptions, remittance royalties, exit policies, dividends and full repatriation of capital, foreign investment protection by law.

Sheikh Hasina said her government has recognized the logistics sector, sectors related to the Fourth Industrial Revolution and the tourism sector as industries in the National Industrial Policy 2022 to attract local and foreign investment.

He further said that his government has made new schemes to attract large amount of investment in the blue-economy sector.

The Prime Minister said that Bangladesh is going to become the 9th largest consumer market in the world by 2030.

“We are working with a goal so that Bangladesh can leave behind established markets like UK and Germany and current high-growth countries Vietnam and Thailand during this period,” he said.

Coming to power for the first time in 1996 after 21 years, he said that the Awami League government had opened up the private sector and taken several steps to attract foreign investment, following the footsteps of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

“Bangladesh has made considerable progress towards economic prosperity because of the measures taken,” he said.

After assuming power for the second time in 2009, he said that he has been able to bring about major changes in Bangladesh in terms of development and prosperity in the last 15 years.

“We have been able to transform Bangladesh into one of the fastest growing economies in the world,” he said.

He said that if the world economy had not faced the Covid-19 pandemic, Russia-Ukraine war, sanctions and counter-sanctions, he would have been able to take the country’s economy much further.
The Prime Minister also unveiled a research book titled ‘Catalyzing Greater FDI for Vision 2041’, published by FICCI.

Sheikh Hasina was presented a memento made by renowned Bangladeshi artist and sculptor Hamiduzzaman Khan, a symbol of progressive Bangladesh.

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