Country needs heavy investment in hi-tech, backward linkages: Land minister | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 10, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 10, 2025
Country needs heavy investment in hi-tech, backward linkages: Land minister

Bangladesh

TBS Report
23 September, 2021, 05:35 pm
Last modified: 23 September, 2021, 09:37 pm

Related News

  • Chinese investors want better infrastructure in Bangladesh to boost joint ventures
  • Audit reports of most banks contain cooked up data: BB governor
  • Political chaos leaves France sidelined as investors warm to Europe
  • Policy reforms and political voice key to sustainable growth for MSMEs: Experts
  • BAT Bangladesh to invest Tk297cr to expand production capacity

Country needs heavy investment in hi-tech, backward linkages: Land minister

Speaking as chief guest at the closing ceremony of BSEC roadshow in Geneva on Wednesday, he invited Swiss investors to visit Bangladesh to see the improved business climate here before making investment plans

TBS Report
23 September, 2021, 05:35 pm
Last modified: 23 September, 2021, 09:37 pm
Former land Minister Saifuzzaman Chowdhury speaks at a BSEC-organised event. File Photo: Courtesy
Former land Minister Saifuzzaman Chowdhury speaks at a BSEC-organised event. File Photo: Courtesy

Bangladesh needs heavy investment in hi-tech and its backward linkage industries, said Land Minister Saifuzzaman.

"We don't want small investments or investment in the textile sector. We need a big investment in other thriving sectors," he said while speaking as chief guest at the closing ceremony of the BSEC roadshow held in Geneva on Wednesday.

Bangladesh that was once chiefly an agro-based economy now relies heavily on the industrial sector, the land minister mentioned. He invited Swiss investors to visit Bangladesh to see the improved business climate in the country before making any investment plan.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"You do not need to invest right now as we don't want small investments. Visit Bangladesh first and then make big investment decisions" he said.

Citing a report of the International Monetary Fund (IMF) report, he said Bangladesh was among the top resilient economies in the world during the Covid-19 pandemic.

"The Bangladesh economy was thriving before the pandemic. However, we recovered pandemic losses fast, thanks to resilience," Minister Saifuzzaman told the event – the 2nd phase of the "Investor Summit: Bangladesh Capital Markets" at the Hotel President Wilson in Geneva, organised by the Bangladesh Securities and Exchange Commission. The first summit was held in Zurich.

The summit was also focused on showcasing Bangladesh's Economy and Capital Markets to international investors titled "The Rise of Bengal Tiger: Potentials of Trade & Investment in Bangladesh".

Addressing the event, BSEC Chairman Professor Shibli Rubayat-Ul-Islam said Bangladesh needs heavy foreign investment to achieve the Sustainable Development Goals (SDGs).

Arif Khan, vice chairman of Shanta Asset Management, gave a presentation on the potentials of Bangladesh.

He said foreign currency is most stable in Bangladesh among the Asian frontier markets. "Interest management has improved remarkably. The lending rate has been brought down to single-digit from double-digit. The deposit rate is lowest in 25 years, causing an increased money flow to the stock market."

He identified six reasons to choose Bangladesh as an investment destination – which include sustainable economic growth, political stability, forward-looking infrastructure strategy, competitive labour, service innovation and a young and skilled workforce.

In his presentation, Major General Md Nazrul Islam, executive chairman of the Bangladesh Export Processing Zones Authority (Bepza), displayed the incentives that Bangladesh is offering foreign investors in the economic zones.

He said foreign investors can avail 10 years of tax holiday for investing in economic zones.

In Bangladesh, foreign investors will get labour at the lowest cost at less than 100 dollars monthly wage, he added.

To demonstrate the Bangladesh capital market, and trade and investment opportunities in the global platform and attract investors from global and NRB communities to invest in Bangladesh, the BSEC has taken one of its major initiatives in recent times by organising this series of shows.

Before this, the commission organised several shows in Dubai, the United Arab Emirates and in four major cities in the USA earlier this year.

Participants in the BSEC roadshow in Switzerland – organised with courtesy from Walton Bangladesh – acknowledged that NRBs are now more energised and the total image of Bangladesh has changed in this part of the world through the wonderful presentations by the visitors.

A senior team of BSEC led by its Chairman and representatives from ministries and regulatory authorities concerned attended the roadshow.

Top News

Land Minister Saifuzzaman Chowdhury / investment

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BNP Secretary General Mirza Fakhrul Islam Alamgir while speaking at a discussion at National Press Club on 10 July 2025. Photo: TBS
    'Backbone of economy will break': Fakhrul says govt should've worked seriously with more qualified people on US tariffs
  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%

MOST VIEWED

  • Graphics: TBS
    BB raises startup fund limit, drops upper age barrier
  • Workers pack undergarments at the packing section of a garment factory in Ashulia, on the outskirts of Dhaka, Bangladesh, April 19, 2025. Photo: REUTERS/Fatima Tuj Johora
    After US tariffs, jobs hang by a thread in Bangladesh's garments sector
  • Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
    Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Audit reports of most banks contain cooked up data: BB governor
  • File photo of containers at Chattogram port/TBS
    US buyers push Bangladeshi exporters to share extra tariff costs
  • CA orders law enforcers to complete all election preparations by December
    CA orders law enforcers to complete all election preparations by December

Related News

  • Chinese investors want better infrastructure in Bangladesh to boost joint ventures
  • Audit reports of most banks contain cooked up data: BB governor
  • Political chaos leaves France sidelined as investors warm to Europe
  • Policy reforms and political voice key to sustainable growth for MSMEs: Experts
  • BAT Bangladesh to invest Tk297cr to expand production capacity

Features

Women are forced to fish in saline waters every day, risking their health to provide for their families. Photo: TBS

How Mongla’s women are bearing the brunt of rising salinity

21h | Panorama
Dr Mostafa Abid Khan. Sketch: TBS

Actual impact will depend on how US retailers respond: Mostafa Abid Khan

2d | Economy
Thousands gather to form Bangla Blockade in mass show of support. Photo: TBS

Rebranding rebellion: Why ‘Bangla Blockade’ struck a chord

2d | Panorama
The Mitsubishi Xpander is built with families in mind, ready to handle the daily carpool, grocery runs, weekend getaways, and everything in between. PHOTO: Akif Hamid

Now made-in-Bangladesh: 2025 Mitsubishi Xpander

3d | Wheels

More Videos from TBS

Islami bank aims to increase deposits to Tk 2 lakh crore by 2025

Islami bank aims to increase deposits to Tk 2 lakh crore by 2025

25m | TBS Programs
RMG sector braces for impact as US tariffs hit: Fakhrul

RMG sector braces for impact as US tariffs hit: Fakhrul

40m | TBS Today
Ex-IGP Mamun petitions to turn state’s witness

Ex-IGP Mamun petitions to turn state’s witness

50m | TBS Today
Legal fight on Sheikh Hasina's behalf will continue until the end: Lawyer

Legal fight on Sheikh Hasina's behalf will continue until the end: Lawyer

55m | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net