At least nine UK universities want to set up campuses in Bangladesh to provide higher education of international standard.
Besides, 10 to 15 major British companies may invest in Bangladesh, mostly in financial, IT and healthcare sectors.
British High Commissioner to Bangladesh, Robert Chatterton Dickson, said this to journalists at the UK High Commission today, a day after the first ever UK-Bangladesh Trade Dialogue.
For UK companies to invest in Bangladesh, he said, systematic changes, including tax regime, financial systems and coordination among various government agencies are imperative.
The issues were discussed during the trade dialogue held at the Ministry of Commerce where Commerce Secretary Md Jafar Uddin was also present.
"At least nine UK universities are keen to come to Bangladesh and open campuses. They can provide world class education, especially in technology and management, the areas that are most needed in the industries in Bangladesh," Dickson said.
The British High Commissioner also stated that they are yet to receive any positive response from Bangladesh's University Grants Commission. Possibly, local private universities have a strong position regarding foreign universities coming to Bangladesh.
The UK envoy explained that a lot of Bangladeshi students go abroad, including to the UK, for higher studies, but they can have the same quality of education in Bangladesh if UK universities are allowed to operate in the country.
"This will save money, as well as brain drain that happens otherwise," he said.
Bangladesh provides fantastic opportunity for investors, but improvement of regulatory issues in conducting business must be addressed, Robert Dickson said.