British businesses hold interactions in Dhaka
British Business Group (BBG) has recently arranged a breakfast meeting, which was hosted by BBG Chairman Francois de Maricourt and British High Commissioner in Dhaka Robert Chatterton Dickson.
Bangladesh Investment Development Authority (BIDA) Executive Chairman Md Sirazul Islam attended the meeting as the guest of honour, said a press release.
British companies' senior executives from the business community took part in the function.
Francois de Maricourt, also the Chief Executive Officer (CEO) of HSBC Bangladesh, in his address of welcome said, United Kingdom (UK) firms are excited to operate in Bangladesh and to support Bangladesh's growth.
As revealed in the recent HSBC Navigator report, 97 per cent of Bangladeshi companies are optimistic about the future and trade opportunities, but ease of doing business is an area where further progress can be made.
The HSBC Bangladesh CEO said UK firms are willing to assist BIDA and the Government of Bangladesh to share best practices.
He is hopeful that the BBG will continue its good relationship with BIDA and help promote Bangladesh as an investment destination.
BIDA executive chairman urged for more investments from UK, one of the biggest contributors of Foreign Direct Investment (FDI) to Bangladesh.
In terms of FDI net inflow, the UK stood third with US$ 358.85 million at the end of last fiscal year.
He thanked the UK government for supporting initiatives to improve the broader investment climate of Bangladesh.
As the government's key agency coordinating Doing Business initiatives, BIDA has boosted its efforts after achieving progress in World Bank's latest Doing Business report.
To reach double-digit ranking by 2021, he said they are aiming for the low-hanging fruits in terms of reforms.
He also with the guests present in the meeting said BIDA is also coordinating efforts to improve policy framework and investor services.