Published:  03:01 AM, 29 November 2019

$20 billion investment scope created in BD

$20 billion investment scope created in BD FBCCI President Sheikh Fazle Fahim addressing a press meet at Pan Pacific Sonargaon hotel in the city on Thursday. -AA

A new investment scope worth US$ 20.8 billion has been created in the country in different sectors including light engineering, automobile, infrastructure, food processing and tourism after the just concluded CACCI Conference held in Dhaka.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Sheikh Fazle Fahim on Thursday said this at the post press meet of the conference of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI).

Two-day long 33rd CACCI conference held on November 27-28 at the Pan Pacific Sonargaon hotel with the theme-"Asia: At the Centre of a New World Order". Businesspersons and entrepreneurs from the 28 countries including Bangladesh discussed B2B (Business to Business) at the conference.

CACCI President Samir Modi and FBCCI President Sheikh Fazle Fahim jointly presented the overall discussed and achieved issues in the plenary session of the two days long conference. Sheikh Fazle Fahim said two MoUs (Memorandum of Understanding) have been signed in the CACCI Conference.

One MoU signed with Russia where members of FBCCI and Bangladeshi business chambers can include in the global platform of the e-chamber. And by dint of the B2B platform Bangladeshi businessmen and chambers can show their products to global market.

Another MoU was signed with the International College of Advance Education Australia. It will share training module with the FBCCI. As a result, Bangladeshi entrepreneurs can enrich their work enforcement.

The FBCCI President also said, "We have found US$ 20.8 billion investment sector in the CACCI network. This amount will be invested in the Bangladesh Economic Zones. We have discussed about formation of CACCI Economic Zones where CACCI members can invest.

Samir Modi said his company Modi Group is interested to invest in Bangladesh. "Investment opportunity is here (Bangladesh). Bangladesh is ready for any kind of foreign direct investment and next year is very crucial for the country," he said.

In the opening day of the conference, Sheikh Fazle Fahim, Vice- President of CACCI, said Bangladesh had one of the most liberal and flexible investment regimes in South Asia and made it to World Bank's list of 'Top 20 Improvers of Doing Business in 2020'.

He added that net FDI inflow to Bangladesh in fiscal year 2017-18 grew by 67.94% to $3.61 billion over the $2.15 billion in previous (2016-17) fiscal.

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