At the Bangladesh Investment Development Authority (Bida) office in the capital, Lutfey Siddiqi, the Chief Adviser’s special envoy for international affairs in the interim government, met with a delegation from the Foreign Investors’ Chamber of Commerce and Industry (Ficci), led by its president Zaved Akhtar.
Ashik Chowdhury, the recently appointed executive chairman of Bida, joined the meeting electronically from Singapore as well.
Khandoker Azizul Islam, an executive member of Bida responsible for investment environment services, led the session.
The Ficci delegation congratulated Lutfey Siddiqi and Ashik Chowdhury on their recent appointments and had a productive conversation about the challenges of attracting foreign investment to Bangladesh.
President Zaved Akhtar provided a comprehensive overview of FICCI’s operations, underlined the need for fundamental structural changes to attract investment, and highlighted the potential and key challenges encountered by foreign investors.
He emphasised the importance of cooperation in order to get over these challenges and fulfil Bangladesh’s potential as a premier destination for foreign investment.
Special Envoy Lutfey Siddiqi addressed investors’ concerns by highlighting his pragmatic and forward-thinking strategy and restating the government’s dedication to promoting a more favourable business environment.
Speaking virtually from Singapore, Ashik Chowdhury, Executive Chairman of Bida, underlined the importance of continuous efforts to improve the investment climate.
Both the special envoy and the executive chairman of Bida reiterated their dedication to collaborating with Ficci and other relevant stakeholders to implement the necessary reforms.
Ficci’s president, Zaved Akhtar, said, “We have a lot of potential investors in the pipeline who are eager to invest in Bangladesh, but they are currently facing several barriers.”
“To continue promoting economic growth and drawing in more foreign direct investment, we must collaborate to identify and resolve these issues.”
Attending the meeting were members of the Ficci Board of Directors and Advisors in addition to senior delegates from Bida, such as the director general and other significant figures.
