Bangladesh Investment & Policy Summit
Bangladesh is one of the countries in the world which is considered as a competitive investment location for foreign investors. The country’s economic growth and development strongly depends on private sector. Private sector plays a huge role in improving the living standards of people. The GDP contribution of overall investment is about 28-29% but private investment has been stagnant for past few years.
Different policies prevail for private sector investors but there are many gaps in policy comprehensiveness and implementation regarding policies for the private sector and investors. The turnaround of this static state of private investment trend will be a key challenge for realizing not only the growth target of the FY16 budget but also that of the 7th Five year Plan(FYP).
Bangladesh has progressed to a lower middle income status but Bangladesh needs a pragmatic and comprehensive policy framework for sustainable growth and development.. The Country adopted a two-prong approach – facilitation of Enabling Policies and Sustaining Investment. The Government has been implementing a number of policy reforms designed to promote a competitive climate for private investment and also creating a diverse range of investment opportunities. However, many of the policy developments and emerging investment opportunities are yet unknown or partially/ incompletely known to the investors that needs to be publicized and showcased widely. Targeted events such as conferences/ forums are effective platforms to disseminate reforms and showcase opportunities.