Bangladesh wants investment, not aid: BSEC Chairman

Referring to the diplomatic, commercial relations and mutual cooperation of Belgium and the European Union with Bangladesh, Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubaiyat-ul-Islam said that the European Union’s cooperation is needed to transform digital Bangladesh into a smart Bangladesh. Now Bangladesh does not want aid and loans, but trade partnership and investment.

On Friday (November 3), Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA) jointly organized ‘The Rise of Bengal Tiger: Potentials of Trade and Investment among Bangladesh and the U Countries’ at Hotel Steigenberger Icon Wheelchairs in Brussels, capital of Belgium. He said these things in the road show held on the title.

BSEC executive director and spokesperson Mohammad Rezaul Karim signed this information in a press release.

Bangladesh Ambassador to Belgium Mahbub Hasan Saleh gave a welcome speech at the beginning of the program. After the welcome speech audio-visual on the economic development of Bangladesh was shown. In the event, the Director of the European Commission’s Directorate-General for the Middle East, Asia and the Pacific Mr. Peteris Ustubos spoke.

BSEC Chairman Professor Shibli Rubaiyat-ul-Islam gave a presentation titled ’50 Years of Bangladesh: The Rise of Bengal Tiger’ on the occasion.

He mentioned Bangladesh’s strategically important and advantageous location in South Asia geopolitically and mentioned the potential of Bangladesh’s vibrant human resources. In recent times, the global macro and economic indicators such as high GDP growth rate, poverty reduction, child mortality reduction, increase in food production, increase in women’s participation in the workplace, large domestic market, demographic dividend, skilled manpower, political stability, etc. show the economic development of Bangladesh. Discussed various aspects of development and possibilities.

He illustrated the strong and promising position of the capital market of Bangladesh compared to neighboring countries and sought the cooperation of all concerned by mentioning the various steps taken by BSEC for continuous development to make the capital market a major source of long-term financing. In addition, he highlighted the advantageous aspects of investment in Bangladesh and urged them to choose Bangladesh for investment and be a partner in the development progress of Bangladesh.

Bangladesh Prime Minister Sheikh Hasina’s video message is shown on the road show.
A panel discussion on ‘Trade and Investment Opportunities in Bangladesh’ was held at the summit. Bangladesh Ambassador to Belgium Mahbub Hasan Saleh, Secretary of Civil Aviation and Tourism Ministry Mokammel Hossain, Vice Chairman of ‘Central Depository Bangladesh Limited (CDBL)’ AKM Nurul Fazal Bulbul, ‘Bangladesh Economic Zone Authority (BEZA)’ participated in the panel discussion. Its executive chairman is Sheikh Yusuf Haroon. In the panel discussion, the panelists highlighted the opportunities and possibilities of business and investment in various sectors of Bangladesh.

Bangladesh Investment Development Authority (BIDA) Executive Chairman Lokman Hossain Miah and ACI Limited Managing Director and Honorary Consul of Belgium Arif Daula spoke on the occasion.

As a result of organizing this successful summit in Brussels, Belgium, 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.

It should be noted that ‘Bangladesh Investment Summit’ is being organized continuously in different countries of the world with the aim of highlighting the capital market of Bangladesh and investment opportunities in Bangladesh to the global investors. Following this, road shows were organized on October 23 in Paris, France, October 25 in Toulouse, France, October 30 in Berlin, Germany, November 1 in Frankfurt, Germany and November 3 in Brussels, Belgium. The main agenda of the event was to present Bangladesh as an attractive, easy and profitable country for business expansion and foreign investment to investors and businessmen from Belgium and European Union countries.