Sheikh Hasina offers economic zone, high-tech park for US investors

“We are providing one dedicated Distinctive Economic Zone (EPZ) for American companies to establish manufacturing conveniences,” she said while practically launching the US-Bangladesh Organization Council through a note.

Pointing out that Bangladesh is now growing 28 Hi-tech parks meant for ICT industries with regional and foreign investments, she said, “We are providing one Hi-Tech Park intended for ICT investment by US companies.”

“It's important that both countries provide sufficient policy support to help expand expand bilateral trade,” she added.

The Prime Minister said that Bangladesh’s sustained economical growth, swiftly expanding domestic marketplace and growing connectivity with a vast regional industry of 4 billion persons helps it be a promising destination for US business and investment.

“We are constantly improving our physical, legal and personal infrastructures to facilitate overseas investment. My government is establishing 100 `Distinctive Economic Zones’ for speedy industrialization,” she added.

She said that america has remained a strong partner in Bangladesh’s quest towards democracy and development.

“It (the united states) is the most significant vacation spot of our exports, the major way to obtain foreign direct investment, a long-standing development partner and an important source of technology and training,” she added.

Stating that Bangladesh exports products worth about 8 billion to All of us, which 80 percent is certainly garment products, she said, “we get significant amount of industrial recycleables and consumer items like cotton, soybean, and wheat by the United States. All these items get pleasure from zero tariffs in Bangladesh.”

While Bangladesh’s dependency on foreign help has reduced substantially, the need for foreign direct investment risen to create employments for millions of youths, she observed.

The premier said that Digital Bangladesh has been an integral part of the nation’s “Vision 2021”.

“I want to thank my ICT Adviser Sajeeb Wazed for his support in the look and implementation of our vision of today's Bangladesh with the capacity of using technology to boost transparency in governance and spur economical development.”

Today, Bangladesh exports a lot more than USD 1 billion worth ICT goods to more than 60 countries, the united states being the most notable export vacation spot, she added.

In line with the USAID’s Comprehensive Personal Sector Assessment 2019 pertaining to Bangladesh, she said, the ICT industry is likely to grow almost five-fold to reach practically five billion USD by 2025.

Expressing her joy to join the business leaders from america and Bangladesh for the launching of the US-Bangladesh Business Council, the Prime Minister explained it reflects the developing interest of the united states business community about investment and conducting business in Bangladesh.

“I hope, it can help expand economic partnership between our two countries. My authorities will continue to support the actions of US-Bangladesh Business Council in the approaching days.”

PM’s Principal Secretary Dr Ahmad Kaikaus, Bangladesh Ambassador to USA M Shahidul Islam and US Ambassador to Bangladesh Earl R. Miller, also spoke.

Sheikh Hasina said the launching of the Council is occurring at the same time when Bangladesh is celebrating the 50th anniversary of its glorious independence and the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

She added that Bangladesh earned its independence through a nine-month bloody war in 1971 sacrificing the lives of 3 million martyrs and sanctity of 200 thousand women.

Bangabandhu Sheikh Mujibur Rahman laid straight down the foundation of a booming Bangladesh on the ashes of the war-ravaged nation, she said.

“I have taken over his unfinished do the job to realize his imagine a good Golden Bengal free from poverty, exploitation and monetary disparity,” she added.

“During the past one decade, we have made remarkable progress found in socio-economic fronts. The effectiveness of Bangladesh’s economy is now globally recognized,” she went on saying.

“Our economy has proven great resilience even during the COVID-19 pandemic,” she said.

The Primary Minister said that Bangladesh received the ultimate recommendation of the UN in February to graduate from LDCs. Bangladesh is now marching towards obtaining the target to become a high-profit developed and prosperous region by 2041.