Experts on Monday called for enabling legal framework and enforcement practices in relation to data protection and intellectual property rights to foster technology-driven investments.
At a roundtable organised by the American Chamber of Commerce in Bangladesh on 鈥楩DI Ecosystem to boost sustainable economic growth鈥� at the Westin Dhaka, they emphasised the critical role of foreign direct investment in driving sustainable economic growth in Bangladesh.
Muhammad Fouzul Kabir Khan, adviser to the Ministry of Power, Energy and Mineral Resources, said, 鈥楤angladesh has immense potential for renewable energy deployment, and the government is taking initiatives to shape the future of the energy and power sector.鈥�
He also highlighted the upcoming one-stop service platform to resolve business grievances and improve the ease of doing business.
Lutfey Siddiqi, the chief adviser鈥檚 spe cial envoy on international affairs, said, 鈥榃e are working with various ministries and regulatory bodies to develop a culture that supports foreign investment, not as regulators, but as facilitators.鈥�
He encouraged continued dialogue to address challenges and improve the FDI environment.
AmCham vice-president Eric Walker, also the president of Chevron, in his welcome note, said that continuity of policies, strong transparent institutions, simplified regulations, skilled workforce development and ongoing financial sector reforms were essential to attract and sustain investment and innovation.
Derek Wong, vice-president of government relations at Excelerate Energy Bangladesh Limited, praised recent reforms in the energy sector and emphasised the sector鈥檚 potential for attracting foreign investment.
Representatives from ministries, regulatory bodies, international organisations, and economists attended the roundtable.
