Lawmakers, businessmen can help enhance investment, The Independent, February 28, 2013

DHAKA, FEB 27: A joint effort by the parliamentarians and the businessmen can enhance the image of Bangladesh and attract more investment, said commerce minister GM Quader on Wednesday.

The commerce minister was addressing a book launching ceremony and a roundtable discussion on ‘‘Improving Investment Climate in Bangladesh to Realise the Vision 2021” at a city hotel. The discussion was organised by the Bangladesh Enterprise Institute (BEI) under the “Programme on Promoting Democratic Institutions and Practices (PRODIP)”, which is supported by the United States Agency for International Development (USAID) and UKaid, and the Asia Foundation (TAF).

“We need more local and foreign direct investment in achieving vision 2021”, the minister said.

Addressing as special guest, Barrister Anisul Islam Mahmud, Member of Parliament and chairman of Standing Committee on Ministry of Expatriate Welfare and Overseas Employment, focused on the roles of the parliamentarians to facilitate the flow of FDI in Bangladesh.

Former foreign minister Anisul Islam Mahmud and also a member of Parliament, underscored the importance of policy continuity of the successive governments which will help the investors to have a stable and long term investment plan.

“Infrastructural problem and (sometime) conflict in regulatory bodies is the main impediment to obtain FDI in Bangladesh,” Mahmud said.

He stressed on the need of reviewing the existing policies and regulatory barriers which the parliamentarians can effectively remove to create an investment friendly environment in realising the ‘Vision 2021.’

Sakiba Zeba, lecturer, department of economics of North South University presented a keynote on “Administrative and Regulatory Barriers in attracting FDI in Bangladesh”

Another paper was presented by Fayaz Taher, private sector expert on “Issues in Facilitating FDI: Entrepreneur’s Perspective”

During the programme, a book was launched on “Building partnership between the parliamentarians and the private sector to modernise and update regulatory mechanism in Bangladesh.”

Farooq Sobhan, President of Bangladesh Enterprise Institute (BEI) moderated the program. He urged all to find out a mechanism to resolve business problems.

The discussion was also addressed by Abul Hasan Chowdhury, former minister of State for Foreign Affairs, Shahab Ullah, chairman of Bangladesh Tariff Commission, Gulam Maula Rony, member of parliament, William Hanna, ambassador of the Delegation of the European Union, Salahuddin Kasem Khan, managing director of A. K. Khan Group of Industries, Nabhash Chandra Mandal, member, Board of Investment and Jahangir Saadat, president of KEPZ.

Source:http://theindependentbd.com/index.php?option=com_content&view=article&id=157674:lawmakers-businessmen-can-help-enhance-investment&catid=108:business-finance&Itemid=152

28 February, 2013