US envoy to Bangladesh says SEZs not enough to attract best investors

[Black_cats]

US envoy to Bangladesh says SEZs not enough to attract best investors​

30 Sep 22 1 min read

Special economic zones (SEZs) alone are not enough to attract the best investors, according to US ambassador to Bangladesh Peter Haas, who recently told a programme hosted by the International Business Forum of Bangladesh that a smart company considering business overseas certainly wants ‘certainty and security’ as political violence and electoral instability ‘scare’ them.

“It’s one thing to build a special economic zone, but that alone is not enough to attract the best investors,” he said.

Companies want a developed transportation system, consistent access to power and water, and a well-trained workforce and Bangladesh had made great strides in filling these needs, he noted.

There are strong reasons to look at Bangladesh for market opportunities, he said.

“Yes, times are tough. And as the World Bank recently pointed out, Bangladesh needs additional reforms in order to maintain its economic expansion going forward. But so far, the macroeconomic situation seems manageable,” added the envoy.

US envoy to Bangladesh says SEZs not enough to attract best investors - Fibre2Fashion

US envoy to Bangladesh says SEZs not enough to attract best investors - Fibre2Fashion

www.google.com

 

[Bengal71]

He is not wrong. Specifically skilled workforce, better management and rule of law are very important.

 

[BananaRepublicUK]

He is not wrong. Specifically skilled workforce, better management and rule of law are very important.

Is the US still calling us a “basket case” ??

Our educational establishment and academics are of exceptionally poor quality.

We need to import teaching staff from the likes of India and open more NGO based technical colleges.

I would love to shutdown Dhakaya university to send a message that poor quality and politicised academia will not be tolerated.

 

[mb444]

US envoy to Bangladesh says SEZs not enough to attract best investors​

30 Sep 22 1 min read

Special economic zones (SEZs) alone are not enough to attract the best investors, according to US ambassador to Bangladesh Peter Haas, who recently told a programme hosted by the International Business Forum of Bangladesh that a smart company considering business overseas certainly wants ‘certainty and security’ as political violence and electoral instability ‘scare’ them.

“It’s one thing to build a special economic zone, but that alone is not enough to attract the best investors,” he said.

Companies want a developed transportation system, consistent access to power and water, and a well-trained workforce and Bangladesh had made great strides in filling these needs, he noted.

There are strong reasons to look at Bangladesh for market opportunities, he said.

“Yes, times are tough. And as the World Bank recently pointed out, Bangladesh needs additional reforms in order to maintain its economic expansion going forward. But so far, the macroeconomic situation seems manageable,” added the envoy.

US envoy to Bangladesh says SEZs not enough to attract best investors - Fibre2Fashion

US envoy to Bangladesh says SEZs not enough to attract best investors - Fibre2Fashion

www.google.com

Food for thought that should be reflected and acted upon.

 

[bluesky]

US envoy to Bangladesh says SEZs not enough to attract best investors

Our govt has been building more than 100 EPZs and SEZs and whatnot throughout the country. Yet, very little infusion of FDIs in the country.

There are various reasons that they do not come. One reason may be corruption. Another is arbitrary taxation without formulating an elaborate taxation system.

Another reason may the mean-mindedness of the politician and bureaucrats. These people are jealous that FDIs would invest and earn profits without paying them Bakhra.

So, why allow FDIs? BAF Chief Serniabat was telling similar things while speaking in a forum.