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Tofail seeks more foreign direct investment

The Daily Dawn

Visiting commerce Minister Tofail Ahmed asked for greater foreign direct investment in the country’s special economic zone.
Tofail made the invitation while addressing the ‘Horasis Asia Meeting’ as chief guest, organised by West Bengal Government and Indian Chamber of Commerce at a Kolkata hotel on Sunday night. “Our Prime Minister Sheikh Hasina is pledged-bound to make Bangladesh a middle-income country as well as digital by 2021. Under her dynamic leadership, the country is marching towards its fixed goal and will reach its destination in the due time”, the commerce minister informed.
There is a huge trade gap from Indian part in importing goods from Bangladesh caused by non-tariff and para-tariff barriers, the minister said urging to lift the barriers to Bangladeshi goods export to India to a greater extent.As per the government’s plan to develop special economic zone (SEZs) where each foreign country will get a separate zone, works on the construction of 100 SEZs are going on at top gear across the country, Tofail maintained.
Many countries have already come forward with investments and the government has announced special stipend for the investors. Financiers can make cent percent investment with rights to withdraw their credits with profits anytime, the minister elaborated. He also said the government is making regulations to protect the investors’ interest.
All necessary services will be available at 5000 digital centres across the country. “Our country is very favourable for investment as the government is contemplating earning $5 billion through exporting ICT products”, Tofail added.
Frank Jurger Richter, president of Horasis presided over the meeting while Zaw Myint Maung, chief minister of Mandale region of Myanmar, and Shashwat Goenka, president of Indian Chamber of Commerce also spoke in presence of more than hundred of investors of different countries.

 

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