Economists and academics at a seminar on Saturday stressed the need for a prudent policy to attract more foreign investment from Non Resident Bangladeshis (NRBs).
Speakers also emphasized for setting up a one-stop service centre to support the start-ups backed by the NRBs who feel unsecured to invest in the country.They came up with the observation at a day long NRB Conclave styled ‘Transforming Bangladesh through Knowledge Remittance’ at a city hotel in Dhaka on Saturday.
Bangladesh Brand Forum organised the conclave to explore models and approaches to engage the NRB to contribute to the national economy.
Bangladesh Bank Chief Economist Faisal Ahmed presented a keynote paper on the growing economy and investment possibilities.
“Bangladesh is moving forward with a high economic growth and the NRBs play a vital role in the regard. The central bank has been working together with policy makers to facilitate investments in the country, “Faisal Ahmed said.
He also mentioned that around 80 per cent of Bangladeshi businesses have experiences of less than 10 years.
Ahmed further said, “We have been discussing on ease the investment for the new entrepreneurs through venture capital. However, they can’t be invested thorough general banking as there are some risk factors for the start-ups,”BBF Managing Director Shariful Islam said “Bangladesh is at a very critical stage of development and the next 10 years will be very critical as a nation. NRBs through Knowledge remittance can make a crucial contribution in this journey.”
NRB Conclave was designed with 3 keynote sessions, 4 panel discussions and 3 insight sessions.
London School of Economics Visiting Professor-in-Practice Lutfey Siddiqi and Energypac Managing Director Humayun Rashid made another two keynote sessions were focusing on the topics – The Global Perspective, The Bangladesh Economic Story, Story of an NRB Who Made it in Bangladesh.
Bangladesh Investment Development Authority (BIDA) Executive Chairman Kazi M Aminul Islam, British Curry Awards Director Enam Ali, Bangladesh Economic Zones Authority Executive Member, (BEZA) Mohammed Ayub, NRB Bank Managing Director Mehmood Husain attended the first panel discussion ‘Investment & NRB Challenges’. Chief Economist Faisal Ahmed conducted the panel.