'Join our journey of becoming a trillion-dollar economy'

Online Desk

23 Aug 2023, 16:07

Prime Minister Sheikh Hasina on Wednesday invited South African entrepreneurs to make investments in Bangladesh that seeks to become a trillion-dollar economy and a fully developed smart nation by 2041.

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“Bangladesh progresses toward prosperity. We want you to join our journey of development. Do invest in Bangladesh; we are confident that your investment will be primed for success, and we are fully prepared for a sustainable partnership,” she said. Reports UNB

The prime minister was speaking at the Bangladesh Trade & Business Summit in South Africa jointly organised by Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA) at the Radisson Blu Hotel and Convention Center.

“I have a dream; the 170 million people of Bangladesh have a dream. And that is to become a trillion-dollar economy and a fully developed smart nation by 2041,” she added.

Hasina assured that investment in Bangladesh is secure due to consistently high returns.

“Moreover, our government ensures a business-friendly and stable atmosphere that guarantees your investment’s success," said the PM.

She confidently stated that Bangladesh promises a secure and prosperous future for global investors.

Currently, she mentioned, Bangladesh has the most open Foreign Direct Investment policies in South Asia which include a liberalised industrial policy, one-stop service, an allowance for 100 per cent foreign ownership, an easy exit policy, a 15-year tax exemption, a VAT exemption for imported machinery, streamlined services, and more.

Source: UNB

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