A Book Launching Ceremony and a roundtable discussion on “Improving Investment Climate in Bangladesh to Realize the Vision 2021”
Date: 27 February 2013
Bangladesh Enterprise Institute (BEI) has organized a book launching ceremony and a roundtable discussion on “Improving Investment Climate in Bangladesh to Realize the Vision 2021” under the Program on Promoting Democratic Institutions and Practices (PRODIP) supported by the United States Agency for International Development (USAID) and UKaid, and implemented by The Asia Foundation (TAF). The meeting was held on Wednesday, 27th February 2013, at the Ruposhi Bangla Hotel, Dhaka, from 10.00 am to 1.30 pm.
The discussion intended to identify and review the existing challenges in facilitating investment in Bangladesh and to focus on the roles of the Parliamentarians which will facilitate in improving the flow of Foreign Direct Investment (FDI) in Bangladesh, an essential factor in achieving the vision 2021. An effective regulatory framework has emerged as a precondition for economic development in supporting the country’s continuous engagement with the global environment through increased volume of trade, foreign direct investment (FDI) and transfer of technology and knowledge.
The distinguished participants have stressed on the issue of reviewing the existing policies and regulatory barriers which the parliamentarians can effectively remove to create an investment friendly policy framework in fullfilling the vision 2021. In addition to that synergy between the paliamentarians and the private sector is very crucial for private sector development in Bangladesh.The discussants have repeatedly talked about the importance of policy continuity of the government which will help the investors, both foreign and local to have a stable and long term investment plan, which inturn will give a boost to the economy of the country. It has been suggested that a Parliamentary Caucas can be formed in improving the investment climate in Bangladesh. Ms. Sakiba Zeba, Lecturer, Department of Economics, North South University; Mr. Fayaz Taher, Private Sector Expert and Mr. Jahangir Saadat, President, KEPZ have presented on “Administrative and Regulatory Barriers in attracting FDI in Bangladesh” , “Issues in Facilitating FDI: Entrepreneur’s Perspective” and “Case study on KEPZ” respectively.
During the programme, a book has been launched on “Building partnership between the parliamentarians and the private sector to modernize and update regulatory mechanism in Bangladesh”. This study is a part of the Program on ‘Advocacy Program for Building partnership between the Parliamentarians and the Private Sector to modernize and update regulatory mechanism in Bangladesh’ conducted under the Program on Promoting Democratic Institutions and Practices (PRODIP), supported by the United States Agency for International Development (USAID) and UKaid, and implemented by The Asia Foundation (TAF). Mr. Parvez Karim Abbasi, Senior Lecturer, East West University, Bangladesh, has worked as a consultant with the BEI team for conducting the study. This study aims to promote capacity building of Private Sector Development amongst the Parliamentarians in Bangladesh. The paper, further examined the obstacles to PSD in developing countries and best practices aimed at facilitating growth of the private sector. It then presents an in depth analysis of the state of private sector development in Bangladesh.
Mr. Ghulam Muhammad Quader, MP, Honourable Minister, Ministry of Commerce, The People’s Republic of Bangladesh was present at the event as the Chief Guest. Barrister Anisul Islam Mahmud, MP, Honourable Chairman, Standing Committee on Ministry of Expatriate Welfare and Overseas Employment, The People’s Republic of Bangladesh was the Special Guest at the program. Mr. Farooq Sobhan, President, Bangladesh Enterprise Institute (BEI) moderated the program.
The event brought together Members of the Parliament, policy makers, senior officials of the Ministries, academics, development partners, think tanks, heads of various chambers and media. Among others, Mr. Abul Hasan Chowdhury, Former Minister of State for Foreign Affairs, Government of Bangladesh; Mr. Shahab Ullah, Chairman, Bangladesh Tariff Commission; Mr. Gulam Maula Rony, MP, Hon’ble Member of the Parliament, H.E. Mr. William Hanna, Ambassador, The Delegation of the European Union; Mr. Salahuddin Kasem Khan, Managing Director, A. K. Khan Group of Industries; Mr. Nabhash Chandra Mandal, Member, Board of Investment were present at the event.