FBCCI pleased with huge response to Bangladesh Business Summit 2023

The Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) has claimed that  Bangladesh Business Summit 2023  succeeded in catching the  attention of global investors to the potential of Bangladesh.

Speaking in a press conference on the concluding day of Bangladesh Business Summit 2023, FBCCI president Md Jasim Uddin said for the first time in Bangladesh more than 300 foreign entrepreneurs participated at such an event along with 400 local entrepreneurs.

This enthusiasm among both domestic and global investors proved that the arrangement of the business summit was very successful, he said.

Read more: Bangladesh a safe destination for investment, speakers tell FBCCI-sponsored Business Summit

The country’s economy will surpass several trillion dollars by 2041 if the current growth and production continues, he said.

Jasim said several countries including Saudi Arabia and China gave a commitment to increase investment in Bangladesh during the business summit.

Large numbers of both foreign and domestic investors are searching for the opportunities here for investment and entrepreneurship, he said.

In reply to a query, the FBCCI president said global manufacturers would invest in Bangladesh due to three reasons: the number of the workable population here, the local consumer market, and the geopolitical advantage of the country.

Jasim said Bangladesh set an example by keeping the manufacturing sector operational and supply chain active during the Covid-19 pandemic.

Read more: Saudi Arabia interested to invest in Bangladesh’s energy, port sectors

Bangladesh is holding a top position in the world when it comes to green apparel factories, he said.

The concluding day saw several plenary sessions on Circular Economy, Public Private Partnership, Hi-Tech and Automobile, SMEs Development, Pharmaceuticals and Health Care, Special Economic Zone, Women’s Participation, Tourism, and Blue Economy.

Speakers in these sessions focused on setting a long-term policy for sustainable funding, energy supply, infrastructure, port handling, and taxation along with good governance in all the sectors for growing investment.

Several ministers, parliament members, bureaucrats, business leaders, economists, and local and foreign business delegations participated in a different session and share their views on developing business in Bangladesh.

The FBCCI organized the business summit 2023 from March 11-13 to celebrate 50 years of the anniversary of the federation. Prime Minister Sheikh Hasina inaugurated the three-day summit at the Bangabandhu International Conference Center (BICC) on Saturday.

Read more: Beximco to produce medicines in Saudi Arabia from next year

Ministers from seven countries, including the United Kingdom, Saudi Arabia, China, Bhutan, and the United Arab Emirates, chief executive officers of 12 multinational companies, and business leaders from 17 countries participated in the summit.

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