Become partners in progress
PM to S’pore businesses
Prime Minister Sheikh Hasina on Tuesday urged the Singaporean business community to take a partnership role in Bangladesh’s journey towards economic development.
To woo investment, she offered 500 acres of land or more for setting their own industrial park.
Pointing out her government’s initiative for setting up Special Economic Zones across the country, the premier called upon them to explore their business scope by taking full advantage of advantageous and liberal opportunities offered by her government.
Hasina made the urge while addressing Bangladesh-Singapore Business Forum-2018 at Shangri-La hotel here this morning as the chief guest.
International Enterprise, Singapore, Singapore Business Federation and Bangladesh Business Chamber of Singapore jointly organised the forum with the theme "Towards a New Era of Bangladesh-Singapore Economic Partnership."
Minister for Trade and Industry of Singapore Lim Hng Kiang attended the function as guest-of-honour, while acting CEO of International Enterprise Singapore Kathy Lai and chairman of Singapore Business Federation SS Teo also spoke on the occasion.
Foreign Minister of Bangladesh AH Mahmood Ali, State Minister for Power and Energy Nasrul Hamid and heads of different trade bodies of Singapore and Bangladesh and CEOs and managing directors of leading business organizations joined the forum.
Hasina said her government is striving hard to build Golden Bangladesh, a country free from hunger, poverty and deprivation to materialise the dream of the country's Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
The premier said Bangladesh is now pursuing one of the most liberal foreign investment regimes in South Asia. It includes protection of foreign investment by law, generous tax holiday, concessionary duty on import of machinery, remittances of royalty, she said.
Hasina said Bangladesh also offer 100% foreign equity, unrestricted exit policy, full repatriation of dividend and capital on exit.
"We've a huge young, energetic and easily trainable workforce with competitive wages," she said.
(BSS news agency contributed to this report.)