Dedicated SEZ to be established for the US;  FBCCI urged US companies to invest in ICT

September 23, 2022; Dhaka: Inviting the US entrepreneurs to invest in Bangladesh SEZ, Prime Minister Sheikh Hasina announced the establishment of a dedicated economic zone for US companies. She said, “at your request, Bangladesh would be happy to offer a dedicated ‘Special Economic Zone’ solely for US investors.”

The Premier made this announcement at the U.S Bangladesh Business Council organized by the US chamber of commerce on September 22. Bangladesh Prime Minister Sheikh Hasina is visiting USA to attend the United Nations General Assembly.

PM invited US businessmen to invest in Bangladesh specially 100 ‘Special Economic Zones’ (SEZs), and several Hi-tech Parks. With more than 600,000 freelancing IT professionals, Bangladesh is the right destination for IT investments.   Moreover, the availability of young, skilled workers at a competitive wage is an added advantage.

PM Sheikh Hasina mentioned that Bangladesh is emerging as an ideal place for investment, industrialization and exports to diverse destinations in the region, and beyond. Bangladesh is thus ever keen on pursuing economic and commercial relations with its neighboring, regional and global players, including the United States.

She said Bangladesh has achieved excellent socio-economic advancement in the last 13 years and has been recognized as a “Role Model of Socio-Economic development”. It was primarily due to the continuity of good governance, rule of law, and consequent stability; investment in the rural economy; empowerment of women; and ICT that led to “Digital Bangladesh”. 

FBCCI President Mr. Md. Jashim Uddin said the USA should take the advantage of investing in Bangladesh, the fastest growing economy in South Asia, regional supply chains and its demographic dividend. Bangladesh could also benefit from America’s expertise in research and service innovation, he said.

President FBCCI expects that the relationship between the USA and Bangladesh will expand beyond the traditional areas and we should now explore growing prospects in frontier technologies, robotics and block chain, space, bio-health, and others.