Separate expatriate investors’ authority required: speakers | The Daily Star
12:00 AM, June 06, 2021 / LAST MODIFIED: 12:00 AM, June 06, 2021

Separate expatriate investors’ authority required: speakers

Centre for NRB urges govt to start pensions for returnee migrants

The government should create a separate authority in the country to oversee investments made by the expatriates, demanded Centre for NRB, a non-profit organisation for non-resident Bangladeshis, yesterday.

During a press meet at a city hotel, the organisation said such authority was required to bring small-scale expatriate investors on a collective platform, stressing the need for investment-friendly policy and long term plan in this regard.

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An investment authority for expatriates will help ensure injection of more "white money" in the country's economy, said MS Shekil Chowdhury, chairperson of the centre, stressing the need for eliminating flow of "black money" in economy.

Shekil said under the investment authority, opportunities for small-scale expatriate investors could be created in the country's capital market, bond market and industrialisation.

The organisation held the press meet on the proposed national budget for the fiscal year 2021-2022, remittance and the investment sector.

It demanded that the government launch pension scheme for migrant workers who return home permanently and ensure Covid-19 vaccination of migrants at home and abroad.

Besides, it demanded at least 3 percent cash incentive for sending remittance and launch of health insurance for returnee migrants.

Furthermore, the organisation demanded special allocation of Tk 1,000 crore in the national budget to support expatriates in emergency, and cheap airfare for migrant workers for their return to workplaces.

The organisation urged Biman Bangladesh Airlines to carry bodies of migrant workers home at free of cost and the authorities concerned to ease the process for expatriates to get passports and national identity (NID) cards.

Besides, it demanded for special budgetary allocation for exploring new labour markets.

According to the organisers, Centre for NRB has held councils comprising of Bangladeshi expatriates in 54 countries between 2009 and 2020.

The press meet was also attended by members of the organisaiton Shoab Chowdhury, Mahabub Anam, and ABM Mustak Hossain.  

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