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Commerce Minister urges Korean investors to take BD's all out policy support

Updated on : 13-02-2018

Commerce Minister urges Korean investors to take BD's all out policy support

Drawing attention to the government's all-out policy support in both fiscal and non-fiscal for foreign investors, Commerce Minister Tofail Ahmed said foreign investors would be more benefitted if they invest in Bangladesh availing the policy support and incentives.

"We hope the foreign investors will enjoy the investor's  friendly advantages of the liberal policy of the government and invest in favourable investment environment of Bangladesh," he added, a commerce ministry press release said today. 

The commerce minister, now on a visit to South Korea, gave the assurance to the Korean investors while speaking at "Korea- Bangladesh Joint Business Roundtable Meeting" organized by Korean  Federation of Small and Medium Investment at a seminar, 
organized  by Korea Trade-Investment Promotion Agency (KOTRA) in Seoul.

Referring to different reports of renowned 
global  organizations that termed Bangladesh as "New Rising Star" in  South Asia, Tofail Ahmed said the main attraction of investment  in Bangladesh is the most inexpensive, productive and easily  trainable labour forces.

"Today, Bangladesh has a growing number of managers,  engineers, technicians and skilled labour forces available 
for  wages that are the lowest in Asia and competitive worldwide," he  added

The minister told Korean businessmen that Bangladesh is with its competitive 
business friendly environment and cost structure that can give investors best returns. 

Mentioning Bangladesh's different kinds of policy support, Tofail opined South Korean investors can take the opportunity to invest in the Export Processing Zones (EPZs) of Bangladesh, Private EPZs, Economic Zones and ICT Parks. 

The minister also invited Korean investors to visit Bangladesh and see for themselves the facilities and incentives offered by the Bangladesh Government.

Major Gen Mohammad Habibur Rahman Khan, Executive Chairman of Bangladesh Export Processing Zone Authority (BEPZA), pointed out elaborately about the facilities and incentives for the investors. 

Salauddin Kashem Khan, managing director of A K Khan &  Company and Ifty Islam, chairman of Asian Tiger Capital Partners  Limited also spoke on the occasion. 

A 29-member delegation is now visiting Korea with the commerce minister.

(Courtesy: Bangladesh Sangbad Sangstha )

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