Monday, May 25, 2020 | ePaper

BREAKING NEWS:

BD missions can play key role to attract FDI: Momen

  • Print
Economic Reporter :
Foreign Minister DR AK Abdul Momen on Tuesday said that the Bangladesh missions in abroad will play as a catalyst to promote economic growth by attracting foreign direct investment.
He made the observation while speaking at a seminar titled 'Promoting Trade and Investment' at the foreign ministry. Ministry of Foreign Affairs, Bangladesh Investment Development Authority and BEPZA jointly organised the programme.
While addressing the function, the minister urged the foreign mission officials to gear up for economic diplomacy.
"We have achieved 16 per cent growth in FDI but to attain the desired growth for graduating into a middle income country this achievement is not enough. So foreign missions should play proactive roles in attracting FDI," he said.
Asking the foreign ministry officials to concentrate on branding Bangladesh he said, as the Bangladesh missions are the gateways to foreigners, they have to highlight the country by briefing the prospective foreign investors about the huge investment opportunities here.
The minister said apart from promoting trade and investment, the foreign ministry has also initiated programmes to increase manpower recruitment from Bangladesh.
"In countries, where the number of low skilled Bangladeshi workers is high, we have introduced skill development programmes so that they can get better opportunity," he said.
The minister informed that such programmes have already started in places like Jeddah, Riyadh and Dubai.
Dr Momen also stressed the need for involving Bangladeshi diaspora around the world to attract investments.
"In China 66 per cent of their FDI come through Chinese diaspora. So Bangldeshis living abroad can play a great role in attracting FDI," he added.

More News For this Category

Evaly providing personal health safety equipment for 999

Evaly providing personal health safety equipment for 999

Economic Reporter :E-commerce based online marketplace Evaly has provided health care and safety products to the National Emergency Services Center 999 authorities. In the midst of the Covid-19 Corona

AIIB approves $250m loan to BD for Covid-19 response

Business Desk :The Asian Infrastructure Investment Bank (AIIB) has approved a $250 million loan for Bangladesh as the country grapples with the fallout of the novel coronavirus.The loan, co-financed

Corona hit poor blessed with PM's Eid gifts through MFS

Corona hit poor blessed with PM's Eid gifts through MFS

Al Amin :When millions of people are facing very hard time for the ongoing lock down, Prime Minister's cash support-Tk 1250 crore to a huge number of poor family

ADB approves it's financial statement

BSS, Dhaka :The Board of Governors of the Asian Development Bank (ADB) on Friday approved ADB's financial statements and the allocation of its 2019 net income in its first-ever

Meat becomes costlier in Dhaka

Economic Reporter :Supply chain disruption and temporary closure of businesses amid a government-announced 'holiday' to curb coronavirus transmission have pushed up meat prices by as much as Tk 250

Qatar charity Dhaka office distributes food items among poor

Qatar charity Dhaka office distributes food items among poor

Business Desk :Like every year, the Qatar Charity Bangladesh office has distributed food items to 9,000 poor families during Ramadan. Besides, food aid has been provided to 2,000 helpless

“87pc returnee expats have no income source”

Economic Reporter :About 87 percent of the migrant workers who returned to the country due to the Covid-19 pandemic have no source of income at the moment, according to

JTI Bangladesh initiatives for COVID-19 response

Business Desk :Japan Tobacco International Bangladesh is providing support that is directly benefitting approximately 60,000 people across Bangladesh. A special COVID-19 fund has been mobilized to provide essential food

NEC approves ADP involving Tk 205,145cr for new FY

Economic Reporter :National Economic Council (NEC) , development projects for next fiscal year , Planning Minister MA Mannan , Prime Minister Sheikh Hasina , Annual Development Programme (ADP) ,

Bank branches at RMG industrial areas open on Friday, Saturday

Economic Reporter :Branches of the scheduled banks in the readymade garments (RMG) industrial areas will remain open on May 22 (Friday) and 23 (Saturday) for the convenience of paying