DCCI to organise week-long Investment Summit from Oct 26

The Dhaka Chamber of Commerce and Industry is set to hold a week-long International Investment Summit to promote Bangladesh as an attractive destination for trade and investment to the global businesses.

DCCI and the Ministry of Commerce will jointly organise the virtual summit from October 26 to November 1, 2021 to extend global integration on trade and investment into a new global reality with an aim to secure investment in diverse priority and emerging industries for mutual benefits.

During the upcoming summit, there will be panels of discussions on nine promising sectors including infrastructure, leather goods, pharmaceuticals, automotive and light engineering, plastic, agro and food processing, jute and textiles, fast-moving consumer goods and retail business.

The organisers will invite businesses, economists, researchers and policy makers from around 50 countries to take part at the virtual summit.

“We are going to organise the summit to promote Bangladesh as an investment hub to the global investors and to make the golden jubilee of our independence a memorable one,” said DCCI president Rizwan Rahman while talking to The Business Post.

Rizwan said, “While the global trade declined by 5.4 per cent, Bangladesh made 15.2 per cent growth in exports. Our growth could have been larger if the global supply chain system remained uninterrupted. Following this growth momentum, our economy is expected to rebound in 2021 propelled by V-Shaped recovery.”

The consistent economic performance enabled us to meet eligibility of the UN Committee for Development Policy to graduate into a developing country by 2026.

Robust economic progress will steer Bangladesh to become a developed country by 2041. Witnessing the unprecedented growth of Bangladesh, leading MNCs like Goldman Sachs, McKinsey, and UBS are highly ambitious in Bangladesh. HSBC projects Bangladesh 26th largest economy by 2030, PWC projects 28th largest and 23rd largest economy by 2050, he said.

“Private investment to GDP ratio in Bangladesh reached 23.63 per cent whereas overall investment to GDP ratio reached 31.75 per cent. The private investment to GDP ratio is projected to 40 per cent in next decade, 32 per cent with 8th five-year plan as well as higher trade growth around $100 billion targeted in 8th Five Year plan,” Rizwan also added.