General

Virtual 3-day international B2B conclave underway

The first and largest 3-day international business-to-business (B2B) virtual conclave began Tuesday aiming to attract foreign direct investment (FDI) in the country.

Dhaka Chamber of Commerce & Industry (DCCI) organized the conclave titled “1st DCCI Business Conclave 2021.” In this 3-day conclave 227 companies from 10 countries will meet upto January 7.

Foreign Minister Dr A K Abdul Momen joined the inauguration ceremony as the chief guest while Executive Chairman of Bangladesh Investment Development Authority (BIDA) Md Sirazul Islam was special guest.

Sirazul Islam said the economy of Bangladesh is recovering despite of prevailing Covid-led pandemic time. “Domestic market demand, export and remittance increased remarkably during the covid time. Amid the pandemic Bangladesh earned USD 33.67 billion through export in 2019-20. Bangladesh is ready for the review for LDC graduation in 2021,”he added.

He added that the Business conclave will rejuvenate the trade and investment in the country as well as will create confidence among the foreign investors.

“We invite foreign investors to invest in Bangladesh in the sectors like ICT, pharmaceutical, footwear, agriculture, ship-building, light engineering and jute products,” he said.

The Chairman said Matarbari deep sea port will transform the investment landscape of Bangladesh. At present 41 services are being provided by the OSS and by this month 10 more services will be added in the OSS. Addressing to foreign entrepreneurs joined the B2B he said our doors are always open for businesses so please come and invest in Bangladesh.

DCCI President Rizwan Rahman said as the global economy gradually endeavours to alleviate COVID induced crises, Bangladesh plans trade and investment recovery strategies accordingly. Bangladesh is ready for the world.

He also invited entrepreneurs from participating countries in the B2B space to reap the dividends of accelerated economic growth of Bangladesh investing in promising manufacturing sectors.

This international business conclave will deepen economic ties of Bangladesh and participating economies and will facilitate manifold trade and investment opportunities for Bangladesh as well as partner countries, he added.

Chairman of BUILD Abul Kasem Khan said Covid 19 affects all of us. “At present we need to focus on job creation, sustaining businesses especially SMEs, expansion of trade and ensuring safety of the vulnerable people.”

He said Bangladesh is now the 3rd fastest growing country in the world and fastest in Asia that is because of timely initiatives taken by the government. Unemployment will be the biggest threat in the new normal situation in the globe, he apprehended.

Khan urged upon to frame out a global recovery plan as a master plan with an aim to keep no one left behind. To build a better and sustainable future he stressed on taking a collective effort from all stakeholders.

Shams Mahmud, Director and former President of DCCI, said despite Covid 19 fallout, technology has come up with new reality and innovative ICT backed solutions and we have to embrace the opportunity to cope with the new normal situation. In addition, to increase trade and investment and revive the global trading network, we need to diversify our product basket, trade destinations and innovative trading mechanism.

Source: United News of Bangladesh