To ensure export diversification and smooth LDC graduation, Bangladesh should tap Foreign Direct Investment (FDI) potentials in a wide range of sectors including in non-cotton apparels and home textiles.
The observations were made at a webinar titled ‘FDI for Export Diversification and Smooth LDC Graduation’, organised recently as part of the Economic Reporters Forum (ERF) webinar series in partnership with the Asia Foundation and Research and Policy Integration for Development (RAPID).
Taking part in the discussions, speakers also stressed the need for reforming the taxation system alongside tapping FDI while adding that the concerned stakeholders need to extend their all-out cooperation to the Bangladesh Investment Development Authority (BIDA) to attract more FDI in the country.
In this regard, all the concerned agencies need to accomplish their tasks in due time to attract more FDI, reportedly, stated Planning Minister MA Mannan, who was the Chief Guest of the occasion even as he, reportedly, accepted that Bangladesh does not receive that level of FDI that it needs.
