PM seeks larger US investments in Bangladesh

Prime Minister Sheikh Hasina on Thursday called upon the US investors to make investments in various sectors that included renewable energy, shipbuilding, automobile and pharmaceuticals in Bangladesh saying that Bangladesh is pleased to offer a special economic zone for them.

“I would like to invite US investors to invest in renewable energy, shipbuilding, automobile, pharmaceuticals, heavy machineries, chemical fertilizers, ICT, marine resources, shipbuilding, medical equipment, and COVID-19 vaccine manufacturing in Bangladesh,” she said.

While delivering her address at the high-level Policy Roundtable organised by  the US–Bangladesh Business Council at her palace of residence here, she said that Bangladesh has liberal investment policy, which included foreign investment protection, tax holiday, remittances of royalty; unrestricted exit policy; full repatriation of dividends and capital on exit, BSS reports.

The Prime Minister said that Bangladesh is setting up 100 ‘Special Economic Zones’ (SEZs) and several Hi-tech Parks in different parts of the country, adding that having more than six hundred thousand (600,000) free-lancing IT professionals, Bangladesh is the right destination for IT investments.

“Moreover, skilled human resources at a competitive wage is an added advantage in Bangladesh. Even if required, we would be happy to offer a dedicated ‘Special Economic Zone’ for the US investors. I believe the US- Bangladesh Business Council can play a significant role in this direction,” she said.

The Prime Minister said Bangladesh is a pioneer in South Asia for regional connectivity and the strategic location of Bangladesh offers tremendous potential to be the economic hub of the region.