Bangladesh offers best incentives for investors

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged French investors to take note of Bangladesh as an ideal destination for relocating industries.

"Bangladesh offers the best competitive fiscal and non-fiscal incentives for investment," said FBCCI President Md Jashim Uddin.

His comments came as the FBCCI signed a memorandum of understanding (MoU) with the France Bangladesh Economic Chamber to increase bilateral trade and investment opportunities.

Jashim and France Bangladesh Economic Chamber President Kazi Enayet Ullah inked the deal in Paris on Friday, said a press release yesterday.

Jashim said the MoU would certainly help further promote cooperation for diversifying trade and expanding investment in a meaningful manner.

Manufacturers of Bangladesh are adopting greener technologies and modern production methods aligned with the 4th industrial revolution and challenges of climate change, he said.

He said among the world's top 10 green garment factories, the top 7 were located in Bangladesh.

Jashim said Bangladesh requires a huge amount of foreign direct investment (FDI) for inclusive growth.

He also invited non-resident Bangladeshis to invest in Bangladesh, availing the investment incentives. The FBCCI, as the apex trade body of Bangladesh, is always open to facilitate business interests in Bangladesh, he said.