Speakers at various plenary sessions on the second day of the Bangladesh Business Summit 2023, asserted that Bangladesh is safe for investment due to its advantage of a cheap labor force and advantageous tax exemptions for both domestic and global investors.
They added that Bangladesh has the benefit of serving as the focal point for regional connections for several important Asian markets.
Commerce Minister Tipu Munshi said that investing in Bangladesh is far more accessible, alluring, and secure than it is in other nations.
He also said that Japan, Korea, and China had already made investments here.
“The development work of 100 economic zones of the country has also progressed. There is an export target of $100 billion by 2031,” he added.
Prime Minister’s Advisor on Private Industry and Investment Salman F Rahman said Bangladesh has a more affordable and safer investment environment than other countries in the world.
“Investing in this country will save 47%-84% of cost for workers, and 41%-69% percent of operational spending,” he said.
State Minister for Foreign Affairs Shahriar Alam said, “Infrastructure development has taken place around our mega project. Many other developments, including Padma Bridge, Karnaphuli Tunnel, and Payra Bridge have been made to facilitate investment and business.
Bangladesh has the greenest factories in the world. The top cleanest green factory in the world is also in the country, he said.
“We have a safe working environment, come here, we have all facilities, for investors,” said Alam.
Ministers from seven countries, including the United Kingdom, Saudi Arabia, China, Bhutan, and the United Arab Emirates, chief executive officers of 12 multinational companies, more than 200 foreign investors’ representatives, and business leaders from 17 countries participated in the summit. FBCCI organized the summit to celebrate 50 years of its foundation.
FBCCI called for highlighting Bangladesh’s achievements in the economy in 50 years.
Prime Minister Sheikh Hasina inaugurated the three-day summit at the Bangabandhu International Conference Centre (BICC) on Saturday.