The special economic zones are changing the industrial landscape of Bangladesh. Bangladesh Economic Zones Authority (BEZA) is building a separate SME zone at Bangabandhu Shilpanagar in Mirsarai to raise the contribution of the Small and Medium Enterprises (SMEs) to the GDP.
Paban Chowdhury, Executive Chairman of BEZA mentioned this while addressing a webinar titled ‘Enabling Investment Climate to Realize Great Potential’ held recently in partnership with Chittagong Chamber of Commerce and Industry (CCCI) Bangladesh Center of Excellence (BCE).
The discussion focused on the diversification of investment, readiness of economic zones to facilitate such diversification of investments, and potential sectors for investment.
The session was chaired by CCCI President Mahbubul Alam and moderated by N. Rajashekaran (Shekar), Citi Country Officer and Managing Director, Citibank, N.A. Bangladesh, said a media release on Monday.
Ahsan Khan Chowdhury, Chairman & CEO, Pran-RFL Group, Aameir Alihussain, Managing Director, BSRM Group of Companies and Miran Ali, Managing Director, Bitopi Group were among the distinguished panelists at the webinar.
Praising the efforts of the government in developing economic zones across the country Mahbubul Alam emphasized especially on the importance of guiding the investors in choosing the appropriate sector for investment so that investment doesn’t get concentrated in limited number of sectors.
Investors need to be guided on finding the right sector for investment which should be a part of a comprehensive investment diversification strategy, he added.
Ahsan Khan Chowdhury called upon investors and businessman to cash in on the tremendous potential of business growth in Bangladesh backed by the facilitation of the government.
He said Bangladesh will continue to grow to change the lives of millions. “If you have the right spirit, passion and desire to grow, others will follow. If the country grows, businesses will automatically flourish.”
Aameir Alihussain sighted capacity and skills development and access to finance for SMEs as the stimulating factor for the next level growth of Bangladesh.
“Bangladesh has a great potential in future for further foreign investment and grasping on that will bring positive results for the economy,” he said.
Miran Ali said Bangladesh RMG sector can easily double its production in next few years through diversified investment specially focusing on man-made fibers instead of traditional cotton products and the country needs to brand itself globally to attract both FDI and export buyers.
Rajashekaran praised the uniqueness of the Bangladeshi market and the inclusive culture of the Bangladeshi people and discussed the potential of SMEs and diversified investment opportunities.
“Bangladesh is a nation which has tremendously grown even during the global pandemic, reflecting on the tremendous work ethic of the people and a growing consumer market with countless possibilities. We approach tomorrow with more energy and passion to further inspire investment in Bangladesh,” quoting Rajashekaran the release said.