Investment development requires friendly policy: DCCI president

Investment-friendly environment and policy must be ensured for investment development, said Rizwan Rahman, the newly-elected president of the Dhaka Chamber of Commerce and Industries (DCCI) on Monday.

He also said, "The effective implementation of a one-stop-shop (OSS) is the key to increasing investors' confidence. The more services added to the OSS, the more confidence will grow."

Rahman made the remarks in a meeting with the Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Md Sirazul Islam, at BIDA's head office, reads a press release.

During the meeting, BIDA's executive chairman said, "Despite the Covid-19 situation all over the world, BIDA is keeping up its communication with different investment organisations and companies online."

"Local investment in Bangladesh increased by 27% more than the previous year in 2020, which shows the strength of our entrepreneurs. A mother vessel has come to Matarbari Deep Sea Port for the first time – which is a good sign for investors – and after the port is fully operational, it will help reduce cost of doing busines," Islam continued.

He added, "The government is trying to interlink different multimodal transportation systems – like road, rail and water – to reduce time and cost. The Padma Bridge is now a reality and opens up scope of industrialisation in the southern part of the country."

Islam announced that to commemorate the birth centenary of Bangabandhu, BIDA will organise the Thousand Entrepreneurs Conclave and Bangabandhu Memorial International Investment Summit this year. He requested DCCI's cooperation for this.

Meanwhile, Rahman said DCCI is planning to organise a roadshow in different countries that could potentially invest, to attract FDI.

He also sought every possible cooperation from BIDA in this regard.

DCCI Senior Vice President N K A Mobin, FCS, FCA, Vice President Monowar Hossain and Secretary General Afsarul Arifeen were also present at the meeting.