Bangladesh most preferred new investment destination: US business delegation

The visiting delegation of the US Bangladesh Business Council has said Bangladesh is top of their list of new countries to invest in.

The delegation said this to Prime Minister's Private Sector Industry and Investment Adviser Salman F Rahman when he invited them to invest in "Smart Bangladesh" today (May 9, 2022) during a meeting in the capital.

"The US entrepreneurs are now investing in the energy sector, but I informed them about many other potential sectors," the PM's adviser said while talking with reporters after the meeting.

The US business delegation will also consider attracting investment to the agriculture sector, he added.

Salman told the delegation that the Bangladesh Economic Zones Authority (BEZA) is setting up 100 economic zones across the country.

"We are setting up public, private and public-private partnerships, and country-based economic zones. Country specific economic zones have been set up for Japan, Korea, and China. The government is providing them with all the support they need," he said.

Salman also urged the entrepreneurs to invest in the zones.

The delegation from the US is visiting Bangladesh till May 11 to explore economic opportunities between the two countries.

Over 25 executives from across sectors like digital, energy, financial services, insurance, and agriculture are part of the business delegation,

The delegation of global business leaders met Foreign Minister Dr AK Abdul Momen at Foreign Service Academy in the afternoon.

The purpose of the Council's first trade mission to Bangladesh is to renew old friendships and explore opportunities for new partnerships, said Jay R Pryor, vice-president (business development), Chevron.

Pryor, also inaugural board chair of the US-Bangladesh Business Council, said the US companies want to contribute to Bangladesh's impressive economic development.