Highlight the shining examples of foreign companies

Bangladesh needs to highlight the shining examples of foreign companies that have achieved success after setting up businesses here, said a delegation of American investment management firm T Rowe Price Group Inc.

The delegation, led by Johannes Loefstrand, portfolio manager of Frontier Markets Equity Fund, suggested successful utilisation of special economic zones and attracting foreign companies there. The recommendations came after the delegation met with officials of the international trade, investment and ICT division at the foreign ministry, said a press release.

The delegation enquired about the steps taken for attracting more foreign investment, initiatives for increasing exports, activities and successes of economic zones and progress in digitalisation in Bangladesh. Syed Muntasir Mamun, the division's director general, highlighted Bangladesh's geographical position between northeastern India and south and east Asia. He cited the increasing participation of women in the workforce, booming local businesses, rapid digitalisation, strong infrastructure and prospects for foreign companies to invest in Bangladesh. He said the government's investment promotion agencies were working very hard to bring ease to the process of doing business.

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