Dhaka Chamber of Commerce and Industry president M Sabur Khan on Thursday invited the Dutch investors to invest in pharmaceuticals, ceramics, light engineering, plastic, and agriculture sector of Bangladesh for attaining a sustainable economic growth of the country. The leaders of Dhaka Chamber of Commerce and Industry (DCCI) and Dutch Water and Agro Food Trade delegation on Thursday met with country’s top businessman, stakeholders, bankers and researchers to expand the further business development between two countries’ for a fruitful B2B match making.
DCCI and Dutch delegates held bilateral business meetings where buyers and sellers met for economic assistance especially technical cooperation in water resources and food security which will further boost trade and investment for both of the country.
The business leaders were addressing a seminar on “Social Enterprising and Strategic CSR in Bangladesh” at DCCI auditorium in the city.
The business meeting between the two leading organisation jointly organised by DCCI and Embassy of Netherlands in Dhaka.
The DCCI president, Md. Sabur Khan said the Netherlands has enough to develop in water and food recourses management. He urged to help Bangladeshi private sector to assist the improvement of this sector through providing technical assistance.
For attaining targets of GDP growth and investment/GDP ratio to be increased to 32 per cent in 2015 and 40 per cent in 2021, Bangladesh should have to be prepared to provide attractive and efficient business environment to prove the strength of the country.
Bangladesh government provides various incentives and packages to the foreign investors. Dutch businessmen can invest in Bangladesh enjoying the facilities provided by our government, said Sabur.
Dutch Embassy in several times and a good number of entrepreneurs had shown their interest to make joint venture initiative with Dutch business partners. DCCI appreciates the assistance of Government of the Netherlands through its Netherlands Trust Fund II (NTF II) project which was jointly implemented by DCCI and BASIS, said the DCCI president.
As a developing country, Bangladesh needs FDI for its ongoing development process, he also added.
Bangladesh is a winning combination with its competitive market, business friendly environment and cost structure for investment. Some of investment opportunities in Bangladesh which may be useful for Dutch entrepreneurs such as Industrious Low-Cost Workforce, Strategic Location, Regional Connectivity and Worldwide Access and Low Cost of Energy, Sabur suggested the Ducth delegates.
Bangladesh offers the most liberal FDI regime in South Asia, allowing 100 per cent foreign equity with unrestricted exit policy, easy remittance of royalty, and repatriation of profits and incomes
The main objectives of the visit of the Dutch delegation are to identify business opportunities for Dutch business and innovation in the agro-food and water industries and to demonstrate business practices of agro food and water industries of Bangladesh. To understand Bangladeshi business culture, code of conduct, economies is one the reason to conduct the meeting.
Water is crucial for Bangladesh; it determines agriculture, health, safety, economic activities, and culture. The Netherlands and Bangladesh have been working together in the water sector since 1975. Our two low lying delta countries face similar problems and can learn from each other's solutions.
The Netherlands program on food security aligns with the national food security plan of Bangladesh. The overarching goals are improving access to healthy food and fostering sustainable production.
The Dutch delegation members informed that the Netherlands is working in the development of Bangladesh’s water management and they will promote the advancement of international water law, contribute development and technical assistance, and in capacity building and trainings in controlling flood.
Besides, the Netherlands will give technical assistance to Bangladesh’s agriculture, food processing and food security, they said.
Former president of DCCI and chairman of Business Initiative Leading Development (BUILD) Asif Ibrahim made a detailed presentation on the activities of BUILD while DCCI senior vice-president Nessar Maksud Khan presented a paper on the investment potential of Bangladesh. Both of them invited the Dutch investment in Bangladesh.
From the Dutch delegation Executive Director of World Faith Frank Frekericks and CFO of YGAP Sean Hanley also presented papers on CSR and social business.
DCCI vice-president Absar Karim Chowdhury, directors Khairul Majid Mahmud, Alhaj Abdus Salam and M Shoaib Choudhury, BoI executive member Khairul Anam, and Economic and Commercial Advisor of the Netherlands Embassy Monnujan Khanam were also present.
In order to bring huge potentials of Bangladesh to the Non Resident Bangladeshi (NRBs) to invest in various potential and productive areas, DCCI wants to create a strong relationship with the NRBs and support them to invest in Bangladesh. The Chamber is going to hold an event namely "NRB for Positioning Bangladesh" this year. DCCI has also taken a noble initiative to create 2000 new young entrepreneurs.
DCCI and Dutch delegates held bilateral business meetings where buyers and sellers met for economic assistance especially technical cooperation in water resources and food security which will further boost trade and investment for both of the country.
The business leaders were addressing a seminar on “Social Enterprising and Strategic CSR in Bangladesh” at DCCI auditorium in the city.
The business meeting between the two leading organisation jointly organised by DCCI and Embassy of Netherlands in Dhaka.
The DCCI president, Md. Sabur Khan said the Netherlands has enough to develop in water and food recourses management. He urged to help Bangladeshi private sector to assist the improvement of this sector through providing technical assistance.
For attaining targets of GDP growth and investment/GDP ratio to be increased to 32 per cent in 2015 and 40 per cent in 2021, Bangladesh should have to be prepared to provide attractive and efficient business environment to prove the strength of the country.
Bangladesh government provides various incentives and packages to the foreign investors. Dutch businessmen can invest in Bangladesh enjoying the facilities provided by our government, said Sabur.
Dutch Embassy in several times and a good number of entrepreneurs had shown their interest to make joint venture initiative with Dutch business partners. DCCI appreciates the assistance of Government of the Netherlands through its Netherlands Trust Fund II (NTF II) project which was jointly implemented by DCCI and BASIS, said the DCCI president.
As a developing country, Bangladesh needs FDI for its ongoing development process, he also added.
Bangladesh is a winning combination with its competitive market, business friendly environment and cost structure for investment. Some of investment opportunities in Bangladesh which may be useful for Dutch entrepreneurs such as Industrious Low-Cost Workforce, Strategic Location, Regional Connectivity and Worldwide Access and Low Cost of Energy, Sabur suggested the Ducth delegates.
Bangladesh offers the most liberal FDI regime in South Asia, allowing 100 per cent foreign equity with unrestricted exit policy, easy remittance of royalty, and repatriation of profits and incomes
The main objectives of the visit of the Dutch delegation are to identify business opportunities for Dutch business and innovation in the agro-food and water industries and to demonstrate business practices of agro food and water industries of Bangladesh. To understand Bangladeshi business culture, code of conduct, economies is one the reason to conduct the meeting.
Water is crucial for Bangladesh; it determines agriculture, health, safety, economic activities, and culture. The Netherlands and Bangladesh have been working together in the water sector since 1975. Our two low lying delta countries face similar problems and can learn from each other's solutions.
The Netherlands program on food security aligns with the national food security plan of Bangladesh. The overarching goals are improving access to healthy food and fostering sustainable production.
The Dutch delegation members informed that the Netherlands is working in the development of Bangladesh’s water management and they will promote the advancement of international water law, contribute development and technical assistance, and in capacity building and trainings in controlling flood.
Besides, the Netherlands will give technical assistance to Bangladesh’s agriculture, food processing and food security, they said.
Former president of DCCI and chairman of Business Initiative Leading Development (BUILD) Asif Ibrahim made a detailed presentation on the activities of BUILD while DCCI senior vice-president Nessar Maksud Khan presented a paper on the investment potential of Bangladesh. Both of them invited the Dutch investment in Bangladesh.
From the Dutch delegation Executive Director of World Faith Frank Frekericks and CFO of YGAP Sean Hanley also presented papers on CSR and social business.
DCCI vice-president Absar Karim Chowdhury, directors Khairul Majid Mahmud, Alhaj Abdus Salam and M Shoaib Choudhury, BoI executive member Khairul Anam, and Economic and Commercial Advisor of the Netherlands Embassy Monnujan Khanam were also present.
In order to bring huge potentials of Bangladesh to the Non Resident Bangladeshi (NRBs) to invest in various potential and productive areas, DCCI wants to create a strong relationship with the NRBs and support them to invest in Bangladesh. The Chamber is going to hold an event namely "NRB for Positioning Bangladesh" this year. DCCI has also taken a noble initiative to create 2000 new young entrepreneurs.
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