In the realm of Bangladesh’s economy, Professor Shibali Rubayat-Ul-Islam, the Chairman of the Bangladesh Securities and Exchange Commission (BSEC), has extended an invitation to German entrepreneurs to invest in the country. This call to action was made during the “The Rise of Bengal Tiger: Bangladesh-France Trade and Investment Summit,” held at a hotel in Berlin on Monday, October 30. The event, jointly organized by BSEC and the Bangladesh Investment Development Authority (BIDA), featured special guest Salman F. Rahman, the Prime Minister’s Advisor on Industry and Private Investment.
At the event, Bangladesh’s Ambassador to Germany, Md. Mosharraf Hossain Bhuiya, and Dr. Volker Treier, the Chief Executive of the Foreign Trade and Member of the Executive Board, also delivered speeches. Professor Shibali Rubayat-Ul-Islam highlighted the existing trade ties between Bangladesh and Germany, focusing on the import of various products from both countries. Notably, Bangladesh frequently imports various machinery and industrial products from Germany, further strengthening their economic collaboration.
Moreover, Professor Shibali Rubayat-Ul-Islam emphasized that both Bangladesh and Germany are actively working together in various sectors, including education and culture. Eight German NGOs currently operate in Bangladesh, overseeing their programs in the country. Additionally, numerous German businesses are already engaged in trade activities within Bangladesh.
The Chairman of BSEC also mentioned how Bangladesh, at one time, was a cement-importing nation but has now transitioned into a cement-exporting country. Currently, 37 companies are involved in the cement sector, producing 58 million metric tons of cement to meet the demand of 33 million metric tons, allowing for profitable exports.
Professor Shibali Rubayat-Ul-Islam concluded his appeal by emphasizing that German investors have an opportunity to invest in Bangladesh without facing the complexities of prior approvals, thanks to investment-friendly government policies and taxation regulations. This paves the way for profitable investments in Bangladesh, offering a win-win scenario for both nations.
