Bangladesh needs more FDI for 7th five-year plan: Rizvi

Prime Minister’s International Affairs Adviser Gowher Rizvi yesterday said the country needs enhanced flow of Foreign Direct Investment (FDI) to implement the government’s 7th five-year plan and asked the private sector to join hands with the government to attract the FDI, reports BSS.
“Without doubt Bangladesh is a (good) destination for investment” in view of its cost-effective labour cost and population, he said while addressing a seminar titled “Investment Climate in Bangladesh: Looking Ahead” at Dhaka Chamber of Commerce and Industry (DCCI) Auditorium organised by DCCI.
Rizvi also said the private sectors should work together with the government in attracting FDI and to find out the obstacles which could obstruct its flow.
He said Bangladesh has achieved remarkable progress in attaining Millennium Development Goals (MDGs) and welcomed the new development agenda Sustainable Development Goals (SDGs), set out at the 70th United Nations General Assembly, a situation which created grounds for more FDI in the country.
He, however, cautioned that development at the cost of environment and population displacement could hamper the FDI flow as such issues could create a negative notion abroad about the country.

Bangladesh needs more FDI for 7th five-year plan: Rizvi

Prime Ministers International Affairs Adviser Gowher Rizvi yesterday said the country needs enhanced flow of Foreign Direct Investment (FDI) to implement the governments 7th five-year plan and asked the private sector to join hands with the government to attract the FDI, reports BSS. Without doubt Bangladesh is a (good) destination for investment in view of its cost-effective labour cost and population, he said while addressing a seminar titled Investment Climate in Bangladesh: Looking Ahead at Dhaka Chamber of Commerce and Industry (DCCI) Auditorium organised by DCCI. Rizvi also said the private sectors should work together with the government in attracting FDI and to find out the obstacles which could obstruct its flow. He said Bangladesh has achieved remarkable progress in attaining Millennium Development Goals (MDGs) and welcomed the new development agenda Sustainable Development Goals (SDGs), set out at the 70th United Nations General Assembly, a situation which created grounds for more FDI in the country. He, however, cautioned that development at the cost of environment and population displacement could hamper the FDI flow as such issues could create a negative notion abroad about the country.