FICCI celebrates 55 years in Bangladesh | The Daily Star
12:00 AM, April 29, 2019 / LAST MODIFIED: 01:35 AM, April 29, 2019

FICCI celebrates 55 years in Bangladesh

The Foreign Investors’ Chamber of Commerce & Industry (FICCI), whose members bring in investment to Bangladesh and contribute immensely to revenue generation, celebrated its 55th anniversary in Dhaka on Saturday.

MA Mannan, planning minister, attended the event as chief guest. Former presidents and executive committee members of the association, foreign delegates and diplomats were present.

The FICCI started its journey on July 1, 1963 as “Agrabad Chamber of Commerce & Industry” since Agrabad in Chattogram was the commercial hub of the country.  In 1987, the association moved to Dhaka and got the current name.

Today, with more than 200 members, the FICCI comprises over 85 percent of all foreign direct investments coming to Bangladesh, according to a statement.

It contributes 30 percent to the total internal revenue and four out of top five revenue contributing sectors are represented by the FICCI members.

Shehzad Munim, president of the FICCI, said since its inception, the association has been extending full support to the government in promoting FDI.

During its journey, the FICCI has been involved in many crucial activities to make Bangladesh more trade-friendly and attract more foreign companies to invest in Bangladesh.

On the occasion, the association honoured three agencies -- the Bangladesh Investment Development Authority, the National Board of Revenue, and the Bangladesh Police -- for working relentlessly to make people’s lives better.

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