BSEC and BIDA organize ‘Bangladesh Investment Summit’ in Germany

Capital market regulatory body Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA) organized a summit titled ‘Investment Flush Mob: Networking Loans’ at JW Marriott Hotel Frankfurt, Germany.

It should be noted that ‘Bangladesh Investment Summit’ is being organized continuously in different countries of the world in order to highlight the Bangladesh capital market and investment opportunities in Bangladesh to the global investors. Following this, the summit was organized in Frankfurt, Germany, the main agenda of which was to present Bangladesh as an attractive, easier and profitable country for business expansion and foreign investment to German investors and businessmen.

The summit started at 10:30 am local time in Frankfurt, Germany on Wednesday (November 1).

Chairman of the Capital Market Stabilization Fund (CMSF) and former Chief Secretary to the Prime Minister Md. Najibur Rahman gave the welcome speech of the event.

After the welcome speech, an audio-visual was shown on the economic development of Bangladesh.

BSEC Chairman Professor Shibli Rubaiyat-ul-Islam gave a presentation titled ‘Bangladesh Economy: The Rise of Bengal Tiger’ on the occasion. He lauded Bangabandhu’s daughter by mentioning the incredible success of becoming a role model for the development of Bangladesh after just fifty years of independence under the leadership of Prime Minister Sheikh Hasina.

Professor Shibli Rubaiyat-ul-Islam said, highlighted the long-standing bilateral relations between Bangladesh and Germany, commercial relations and mutual cooperation between the two countries. He said that Europe is the biggest commercial partner of Bangladesh. He highlighted the commendable and successful activities of German companies, German NGOs and institutes working in Bangladesh. He mentioned Bangladesh’s strategically important and advantageous location in South Asia geopolitically and mentioned the potential of Bangladesh’s vibrant human resources.

Economic development of Bangladesh by showing the increasing progress of Bangladesh in recent global macro and economic indicators such as high rate of GDP growth, reduction in poverty, reduction in child mortality, increase in food production, increase in women’s participation in the workplace, large domestic market, demographic dividend, skilled manpower, political stability, etc. And discussed various aspects of the possibilities. He illustrated the strong and promising position of Bangladesh’s capital market compared to neighboring countries and sought the cooperation of all concerned by mentioning the steps taken by BSEC for continuous development to make the capital market the main source of long-term financing.

He also highlighted the advantageous aspects of investment in Bangladesh and urged them to choose Bangladesh for investment and become partners in the development of Bangladesh.

Bangladesh Prime Minister Sheikh Hasina’s video message was shown during the summit. In a video message, Prime Minister Sheikh Hasina thanked all those who participated in the summit jointly organized by BSEC and BIDA. He mentioned Bangladesh’s cordial bilateral relations and cooperation with Germany and the European Union.

He highlighted various aspects of economic and infrastructural development of Bangladesh in recent times. He said that Bangladesh has become a 465 billion dollar economy from a 70 billion dollar economy in just 15 years. Besides, he called for business expansion and investment in the promising and important sectors of Bangladesh and offered German investors to invest in the special economic zone developed in Bangladesh.

Executive Chairman of ‘Bangladesh Economic Zones Authority (BEZA)’ Mr. Sheikh Yusuf Haroon and Managing Director of ‘Planquadrat GmbH’ Martin Jeskis spoke on the occasion.

Bangladesh Investment Development Authority (BIDA) Executive Chairman Lokman Hossain Mia also spoke on the occasion.

Also, Secretary of Civil Aviation and Tourism Ministry Mr. Mokammel Hossain, Vice President of Frankfurt Chamber of Commerce and Industry (IHK). Hans Kichtofer Sebold and ‘Bangladesh Export Processing Zone Authority (BEPZA)’ Member and Additional Secretary Ali Reza Majid spoke on the occasion.

A question and answer session was held at the event based on the opinions and questions of the participants present.

As a result of this successful event in Frankfurt, Germany, the participation of foreign and expatriate investors in the country’s capital market will increase and the experts present expressed hope that a large amount of foreign investment will come to Bangladesh.