FICCI to work closely with govt to attract global investors

The Foreign Investors' Chamber of Commerce and Industry (FICCI) will collaborate with the government to attract global investors and expand business opportunities in Bangladesh, said FICCI President Zaved Akhtar. 

He made the statement during FICCI's 61st annual general meeting (AGM) held at Le Méridien Dhaka yesterday (5 December), according to a press release.

The chamber will also work to strengthen the partnership between the government and foreign investors, further contributing to Bangladesh's economic growth and development. 

Meanwhile, FICCI Vice President Yasir Azman underscored the chamber's unwavering commitment to advocating for the interests of foreign investors while closely collaborating with the government to position itself as a key ambassador for Bangladesh on the global investment stage.

Addressing the event, FICCI President Zaved said while advocating with the current government four key areas of concern for foreign investors are in focus – law and order, energy security, a level playing field, and predictable policies. 

He said, "Effective law and order are crucial for smooth business operations and maintaining a positive international image."

"Furthermore, reliable, affordable, and sustainable energy is essential for both medium-term and long-term development. Multinational companies require a level playing field to comply with local laws and regulations while paying taxes commensurate with their market share," he added.

"Finally, consistent, long-term policies are necessary to build investor confidence and enable predictable investment futures in Bangladesh," he further said.

Zaved also highlighted the chamber's achievements over the past year and stressed the importance of joint efforts to drive economic growth and sustainable development.

He said, "I want to express my deepest gratitude to all our members for their unwavering support and dedication. Their active participation, innovative ideas, and commitment to fostering a better business environment have been the driving force behind FICCI's continued success."

"With our collective vision, expertise, and determination, I am confident we will continue to build a prosperous and resilient Bangladesh – one that is not only a global hub for investment but also a beacon of innovation, inclusivity, and sustainability, serving as a harbinger of change," the FICCI president added.

The event was attended by FICCI Executive Director TIM Nurul Kabir, along with the board of directors, CEOs, and other officials of member companies.