UK to boost investment in Bangladesh

Bangladesh and the United Kingdom have reinforced their long-standing economic partnership through high-level discussions on trade and investment, focusing on education, aviation, and renewable energy.

UK Investment Minister Baroness Gustafsson of Chesterton CBE met with Mr Ashik Chowdhury, Executive Chairman of the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA), to explore ways to expand foreign direct investment (FDI) and strengthen business ties.

Mr Chowdhury met with senior UK officials, leading businesses, and Non-Resident Bangladeshis in London from March 10 to 13, 2025.

"This visit reaffirms the strong and long-standing economic partnership between Bangladesh and the United Kingdom. Our discussions focused on expanding investment in both services and manufacturing sectors. The UK's continued support to improve Bangladesh's investment climate was evident in our engagements with government officials and business leaders," said Mr Chowdhury.

 Honoruable The Baroness Winterton of Doncaster DBE, UK's Trade Envoy for Bangladesh, expressed strong interest in the Bangladesh Investment Summit 2025, highlighting the UK's commitment to deepening economic engagement.

Owen Jenkins, Director General for the Indo-Pacific, Middle East, and North Africa (FCDO), reaffirmed the UK's support for Bangladesh's economic reforms and investment-friendly policies.

Additional meetings with the Department for Business and Trade (DBT) and the Ministry of Defence (MoD) focused on collaboration in industrial development, advanced technology, and infrastructure projects.

Mr Chowdhury also met with top UK businesses to showcase Bangladesh's investment potential and explore new finance, manufacturing, and technology partnerships. Key meetings included HSBC, Airbus, Dewhirst Group, Menzies, etc.  

The BIDA-BEZA chief also reinforced Bangladesh's commitment to higher education, with discussions at the University of London and SOAS focusing on academic partnerships, research collaboration, and youth empowerment initiatives.

As part of the "Made in the UK, Sold to the Indo-Pacific" roadshow, Mr Chowdhury delivered a keynote presentation on Bangladesh's investment and export opportunities. He highlighted the country's strategic location, rapid economic growth, and emerging role as a regional production hub, drawing strong interest from UK businesses exploring expansion in the Indo-Pacific market.

Throughout the visit, Mr Chowdhury engaged with non-resident Bangladeshis (NRBs), UK business associations, and trade groups, further reinforcing Bangladesh's reputation as a high-potential investment destination.

The United Kingdom, a key strategic partner, remains Bangladesh's top foreign direct investment (FDI) source, with an FDI stock of $2.9 billion as of FY 2023-24.