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Bangladesh may get $1b more US investment

Speakers tell IT Investment Summit in NY


Published : 11 May 2022 09:00 PM

Speakers expressed the hope that Bangladesh has the potential to reach over billion dollar fresh US investment with necessary policy support and infrastructure development.  

Leading businessmen of the United States (US) committed to increasing their investment in Bangladesh, said a press statement.

The disclosure came from a ‘Digital Bangladesh IT Investment Summit’ held in New York on May 9 jointly organised by Bangladesh Hi-Tech Park Authority of the ICT Division and leading American investment firm IT Hub Investments.

The summit was attended by high profile government delegation from Bangladesh as well as mainstream investors from the United States.

Speakers and attendees at the event include -- AKM MozammelHaque MP, Liberation War Affairs Minister;Zunaid Ahmed Palak MP, State Minister for ICT Division;NurulAlamRuhul MP; MsAparajitaHaque MP;NaheedEzaher Khan MP; M Shahidul Islam, Ambassador of Bangladesh to the US;Sirazul Islam, Executive Chairman of Bangladesh Investment Development Authority;Zuena Aziz, SDG Coordinator of Prime Minister’s Office; DrBikarna Kumar Ghosh, Managing Director of Bangladesh Hi-Tech Park Authority; Mohammad Monirul Islam, Consul General of Bangladesh in New York, among others.

The ministers and speakers highlighted industrial priority and policy framework to encourage foreign direct investment (FDI) in Bangladesh. They underscored the government’s commitment to facilitate business proposals and one-stop services to encourage business growth in technology sector. 

Leading American corporations and senior executives who attended the event include Trump Organization, Vitech Systems, Aerotek Industries, BNP Paribas, LPL Financial, StraightPath Venture, Steinway & Sons, BAE Systems, Deloitte Touche Tohmatsu, Zone Capital, JCDecaux, Sky Capital, and Cogent Communications. 

The summit presented US investors an opportunity to understand wide-ranging business options in Bangladesh, as well as to speak with distinguished government officials who visited the US from Bangladesh to answer their queries. 

The board of Directors of IT Hub Investments comprising CEOLusanMostafa, Chairman Dr Mahdi Amin, Global Finance Director Robert Johnson and Private Wealth Director Regis Keaveny, were present and committed to increasing their investment in Bangladesh.

Notable other corporations affirmed their interest to move their business to Bangladesh as well, for service and production industries especially in green energy and electronics manufacturing.