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Salman F Rahman agrees with Finance Minister AHM Mustafa Kamal's optimism on foreign direct investment

By The Economist

Finance Minister AHM Mustafa Kamal expressed high optimism that more foreign direct investment will come in the country in the coming days since necessary physical infrastructures are being built in Bangladesh.

Prime Minister’s Private Sector Industry and Investment Affairs Adviser Salman F Rahman agreed to the Finance Minister's optimism.

The Finance Minister addressed the 4th Founding Anniversary of Bangladesh Investment Development Authority virtually as the chief guest and said “I believe that more investment will come in the country since necessary physical infrastructures have been built here and also are being built. Now we’ll have to look into non-physical infrastructures as we’ll have to touch the hearts of people (investors).

Mentioning that the FDI trend of Bangladesh is still low compared to the other countries, the Finance Minister said, “All the investors including local and foreign ones are equal to the government and they won’t be subject to any discrimination. They are our assets and we want to see our assets increasing in the coming days.”

Responding to the BGMEA President Dr Rubana Huq’s recommendation to set up a sector diversification council like Vietnam, the Finance Minister suggested setting up a separate wing under the BIDA which could study or monitor which countries have become benefitted through diversifying which products.

Prime Minister’s Private Industry and Investment Affairs Adviser Salman F Rahman said that to attain the target of becoming a developed country by 2041, Prime Minister Sheikh Hasina has already put emphasis on attracting more investment. “For this we’ll have to attract more local and foreign investment. In fact, if we can attract more local investment, then automatically the foreign investments will come,” he observed.

Salman mentioned that if the BIDA could implement successfully it’s One Stop Services, then the whole eco-system towards improving business climate and investment environment would be developed. He also mentioned that if the various government services could be delivered online, then the efficiency and transparency will be ensured. Citing that one of the biggest problems for Bangladesh is not having a deep sea port, Salman said that once the deep sea port is built in Matarbari, the basic infrastructures will be improved. Besides, the ranking of Chattogram Port has also improved.
 

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