Planning Minister A H M Mustafa Kamal on Thursday urged the Indian entrepreneurs to invest in Bangladesh's rail communications, power, transport and other infrastructure sectors for overall development of the country.
"Bangladesh has now emerged as an attractive destination for foreign investment due to the government's investment-friendly policy," he said when Indian High Commissioner to Bangladesh Harsh Vardhan Shringla called on him at his office in the city, reports BSS.
During the meeting, they exchanged views on different bilateral issues and progress of various development projects being implemented under the $2b Indian Line of Credit (LOC).
Bangladesh signed the loan agreement with India last year to implement 14 projects in railway, road transport, power, education, vocational training, health, ICT, shipping, and economic zones.
Highlighting Bangladesh's progress in different development index, Kamal said the country has witnessed remarkable progress during the last eight years due to dynamic and visionary leadership of Prime Minister Sheikh Hasina.
He said Bangladesh has already been upgraded as a lower middle income country and is now moving forward with a mission of becoming a developed country by 2040 through eradicating poverty by 2030.
The Indian envoy lauded Bangladesh's remarkable progress in different sectors.
"Bangladesh will set an example of economic development in the region if the growth is continued in future," Shringla said.