Bureaucratic hurdles to be streamlined for foreign investors: FM

Foreign minister AK Abdul Momen said that the foreign affairs ministry would remain engaged to facilitate win-win proposals and help streamline bureaucratic hurdles for foreign companies which were keen to invest in Bangladesh.
The foreign minister made the assurance while holding a meeting with an influential congregation of top business, finance and investment leaders in Dubai of the United Arab Emirates on Saturday, said a foreign ministry press release in Dhaka on Monday.
During the meeting, Momen outlined his vision of the foreign policy of Bangladesh on the basis of ‘economic diplomacy’ that envisaged partnerships across business and administrative platforms for the development of the nation.
He urged the UAE business leaders to make more investment in skill development, human resource augmentation, power and energy, agro-processing, blue economy, fisheries, and information and communication technology sectors of Bangladesh.
Momen said that Bangladesh wanted to emerge as a hub for technological, trade, business and financial connectivity.
He said that Bangladesh was no more an aid-seeking country and it envisaged a future where the skill sets of its people would be entwined with the financial and technological prowess of the industry.
He mentioned that the physical connectivity initiative of the Bangladesh government was geared towards creating more fluidity in the business and investment sectors.
The foreign minister briefed the business leaders about the Vision 2021 to reach higher middle-income country landmark, Vision 2041 to emerge as a developed country and the Delta Plan 2100, the 100-year development roadmap conceived by prime minister Sheikh Hasina.
The UAE business leaders expressed their willingness to move into Bangladesh with investments and technology if the government could connect them with their hosts inside the country.
They also sought longer visa approvals for business and support for acquiring land areas for developing industrial facilities.
Source: http://www.newagebd.net

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