Economy
PM Sheikh Hasina Pledges to Transform Bangladesh into a Top Investment Destination
In a recent address during her visit to China, Prime Minister Sheikh Hasina underscored the pivotal role China has played in bolstering Bangladesh’s infrastructure projects, technological advancements, and economic growth. Highlighting the resilience and progress of Bangladesh, she detailed the nation’s remarkable journey, especially during the challenging times of the pandemic.
Bangladesh stands out as one of the few economies that continued to thrive amid the global health crisis. The country is on track to graduate from the UN’s Least Developed Countries (LDC) list in 2026, showcasing its resilience and ability to surmount challenges. Over the past half-decade, Bangladesh has maintained a strategic economic growth average of 6.75%, expanding its economy from USD 102 billion in 2009 to over USD 460 billion in 2023. Just before the pandemic struck, the economy boasted a growth rate of 8.1%.
The Prime Minister highlighted key economic indicators, noting that Bangladesh’s per capita income has reached USD 2,784. The country’s export volume has surpassed the USD 50 billion mark, and it received a net Foreign Direct Investment (FDI) of USD 2.8 billion in 2022. Additionally, Bangladesh is among the top remittance-earning countries globally and ranks as the world’s 33rd largest economy. Projections suggest that by the first half of the 2030s, Bangladesh could ascend to become the 24th largest economy. The nation offers one of the most liberal investment regimes globally, facilitated by the Bangladesh Investment Development Authority (BIDA), which provides comprehensive services to foreign investors under one roof. The government has also implemented significant reforms to create a more business-friendly environment, enhancing the ease of doing business and ensuring a secure and reputable investment landscape.
Prime Minister Hasina stated, “We aim to position Bangladesh as one of the most attractive destinations in the world.” To achieve sustainable economic growth, the government has formulated a logistics policy aimed at boosting domestic and international trade and investment through the construction of a world-class, technology-based, time and cost-efficient, and environmentally friendly logistics system. Significant investments are being made in both digital and physical infrastructure to transform Bangladesh into a comprehensive logistics hub with regional and international connectivity.
Among the megaprojects completed are the Padma Multipurpose Bridge, the Karnaphuli River Tunnel (Bangabandhu Tunnel), the Matarbari Deep Sea Port, the expanded third terminal at Dhaka International Airport, the Rooppur Nuclear Power Plant, and the Dhaka Metro Rail System. These projects are pivotal in strengthening the nation’s infrastructure.
The Prime Minister also emphasized the nationwide coverage of electricity and internet access, highlighting the launch of Bangladesh’s first communication satellite, Bangabandhu-1, as a milestone in technological advancement. Additionally, Bangladesh boasts the world’s second-largest number of registered IT freelancers. The vision is to build a smart Bangladesh by 2041, encompassing a smart citizenry, smart government, smart economy, and smart society. Continuous upgrades to seaports, airports, and land routes are being made to meet international standards, ensuring efficient and seamless logistics.
One of Bangladesh’s greatest assets is its youthful and dynamic workforce, with a median age of around 27 years. This population is characterized by energy, dedication, sincerity, and strong work ethics. The nation’s youth are poised to actively participate in the Fourth Industrial Revolution.
In her address to the Chinese business community, Prime Minister Sheikh Hasina extended a warm invitation to invest in Bangladesh, highlighting the nation’s advantageous pool of skilled and semi-skilled labor, which is both cost-effective and highly capable.
“I encourage the Chinese business community to consider key sectors in Bangladesh. We welcome investments in our infrastructure, energy, renewable energy, and logistics sectors,” she stated. She emphasized opportunities in climate-resilient smart agriculture, agro-processing, and the establishment of a special tourism zone where China can invest in real estate and hospitality. The Prime Minister also urged Chinese investors to explore fruitful ventures in Bangladesh’s capital markets. The Bangladesh Securities and Exchange Commission (BSEC) is actively enhancing the capital market to make it more attractive to foreign investors. Notable progress includes the development of a robust bond market and the introduction of derivatives products, which will diversify and expand financial markets. There are numerous opportunities in renewable energy, pest management, and green technologies. “Investors will find that Bangladesh is committed to ensuring profitable business operations,” she assured.
Bangladesh is eager to increase its exports to China, particularly in textiles, garments, leather goods, jute products, and agricultural items. The country welcomes Chinese investment in export-oriented industries to help diversify its export basket and reduce trade deficits. To enhance business cooperation, the Prime Minister encouraged Chinese companies to form joint ventures with Bangladeshi firms.
“The partnership between Bangladesh and China holds unbounded promise,” she declared. “Our shared vision for economic growth, technological advancement, and sustainable development forms the cornerstone of our bilateral relationship. Together, we can create a prosperous future that benefits both our countries and people.”
Prime Minister Hasina warmly invited the Chinese business community to visit Bangladesh, explore the abundant opportunities, and experience the warmth and hospitality of its people. “Let us work together to build a stronger, more prosperous, and more connected world,” she concluded.
Prime Minister Hasina’s visit to China, under the banner of “The Rise of Bengal Tiger: Summit on Trade, Business, and Investment Opportunities Between Bangladesh & China,” showcased Bangladesh’s immense potential to Chinese businesses, highlighting the synergistic opportunities for growth and collaboration between the two nations.
The event was attended by Salman Fazlur Rahman, the Prime Minister’s Private Industry and Investment Advisor; Abul Hasan Mahmud, the Finance Minister; Md. Atiqul Islam, the Mayor of Dhaka North City Corporation; Nasrul Hamid, the State Minister for Power, Energy, and Mineral Resources; Zunaid Ahmed Palak, the State Minister for Post, Telecommunications, and Information Technology; Ahasanul Islam Titu, the State Minister for Commerce; Mohammad Tofazzal Hossain Miah, the Principal Secretary to the Prime Minister; ambassadors, various institutional and individual investors, and stakeholders.
Other notable speakers at the event included Lokman Hossain Miah, the Executive Chairman of BIDA; Yao Wen, the Chinese Ambassador to Bangladesh; and investors, industrialists, and businesspeople from China and Bangladesh.
The newest tranche of US funding will assist Bangladesh towards a more inclusive, equitable and democratic course for its people, the US Embassy in Dhaka said today (16 September).
According to the embassy, from 2021-2026, USAID has committed nearly $1 billion to help improve the lives of the Bangladeshi people.
During the US delegation’s visit yesterday (15 September), USAID signed a development agreement worth over $200 million with the interim government to support Bangladesh in advancing development, strengthening governance, expanding trade, and creating greater opportunities for the Bangladeshis to build a brighter and more prosperous future.
The officials discussed ways to support inclusive economic opportunities for the people of Bangladesh, ensure financial stability, and strengthen democratic governance.
The US interagency delegation held meetings with key advisers for the Bangladesh interim government, including Chief Adviser Prof Muhammad Yunus, Foreign Affairs Adviser Touhid Hossain, and Finance and Commerce Adviser Dr Salehuddin Ahmed yesterday.
The US delegation included Department of Treasury Assistant Secretary Brent Neiman, Assistant Secretary of State for the Bureau of South and Central Asian Affairs Donald Lu, USAID Deputy Assistant Administrator for Asia Änjali Kaur, and Assistant US Trade Representative Brendan Lynch.
Bangladeshi landowners are set to regain around 200 acres of land that had shifted into Indian territory due to the erosion of the Padma River along the Daulatpur border in Kushtia. This decision followed a joint agreement reached during a meeting between the Border Guard Bangladesh (BGB) and India’s Border Security Force (BSF) on Sunday.
The land in question, situated in the Challishpara area of Ramkrishnapur union, became disputed due to the shifting course of the Padma River and natural disasters, which disrupted boundary markers over a three-kilometer stretch. The issue was first identified in a survey earlier this year.
Lieutenant Colonel M Mahbub Murshed Rahman, commander of BGB’s 47th Battalion, confirmed the decision to resurvey the area and return the land to its rightful owners. A survey on February 10 revealed that approximately 200 acres of Bangladeshi land had ended up inside Indian territory, while 40 acres of Indian land were found in Bangladesh.
Both countries plan to officially correct the boundaries in October, following the resurvey. Sunday’s meeting, held at the Jamalpur Border Outpost, also addressed broader issues like preventing border killings and tackling drug trafficking.
Lt Col Rahman stressed that no one will be allowed to use the disputed land until the resurvey is complete. He also expressed Bangladesh’s strong opposition to recent border killings, urging the BSF to prevent the detention of innocent citizens and curb illegal cross-border activities, especially ahead of Durga Puja.
The holy Eid-e-Miladunnabi, commemorating the birth and demise of Prophet Hazrat Muhammad (PBUH), is being observed across Bangladesh today with profound religious reverence. The observance was confirmed during the National Moon Sighting Committee’s meeting on September 4, held at the Islamic Foundation’s Conference Room in Baitul Mukarram National Mosque. The meeting was chaired by the Secretary of the Ministry of Religious Affairs, Md Abdul Hamid Jamaddar, as announced in a press release.
The committee confirmed that the moon of Rabiul Awal 1446 Hijri was sighted in the sky of Bangladesh on September 4, marking the beginning of the holy month of Rabiul Awal from September 5 (Thursday).
On this day in 570, Prophet Muhammad (PBUH) was born in Makkah, Saudi Arabia, bringing divine blessings and messages of peace to humanity. He passed away on the same date, 12th Rabiul Awal, of the Hijri calendar.
In honor of the occasion, President Mohammed Shahabuddin and the Chief Adviser to the interim government, Prof Dr Muhammad Yunus, issued separate messages, extending greetings to the people of Bangladesh and Muslims worldwide.
To mark the day, Bangladesh Television (BTV) and Bangladesh Betar are airing special programmes, while various national newspapers have published supplements underscoring the significance of the event. The day is also observed as a public holiday throughout the country.
