Foreign investors' chamber links investment to political stability
Investment will depend upon the country's future political stability, said Foreign Investors' Chamber of Commerce and Industry (Ficci) in its outlook yesterday.
“Confrontational politics will cause the same sufferings as before,” said Wali Bhuiyan, president of Ficci, at its monthly meeting at a city hotel.
He said there is little hope that the two top leaders of Awami League and BNP would sit together to sort out political crisis.
Stephen Evans, British High Commissioner in Bangladesh, attended the function as the guest of honour.
Bangladesh received $666 million FDI in 2007, down by 16 percent against previous year's $793 million. However, the global FDI rose by 30 percent during the period.
Stephen also echoed the views of Ficci in terms of investment. He said political stability is a must for acquiring investment.
“Bangladesh has business opportunity in the United Kingdom, but it depends on its political stability,” he said.
He said Bangladesh's IT software, pharmaceuticals and even textile and readymade garments have huge potentials.
Ficci also appreciated the Bangladesh Bank for tightly regulating the banks.
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