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Bureaucratic hurdles must be reduced to spur investment: Titumir
Daily Sun Report, Dhaka
Published: 07 Jun 2026, 09:56 AM
Prime Minister's Finance and Planning Adviser Dr Rashed Al Mahmud Titumir. File photo
Prime Minister's Finance and Planning Adviser Dr Rashed Al Mahmud Titumir has stressed the need to reduce bureaucratic obstacles in order to attract greater domestic and foreign investment.
Speaking at a roundtable discussion titled “Budget 2026–27 in a Time of Crisis” at the CIRDAP auditorium in Dhaka on Saturday (6 June), Titumir said investment growth would require streamlined administrative processes, equal opportunities for domestic and export-oriented industries, business-friendly policies and broader administrative reforms. The event was organised by online platform Charcha.com.
As chief guest, Titumir said the government was working on a new economic model aimed at transforming Bangladesh into a $1 trillion economy by 2030.
He said the government’s vision, “Bangladesh for All”, seeks to ensure that the benefits of economic growth reach every section of society.
He also revealed that the government was preparing a restructuring package worth around Tk60,000 crore to revive closed industrial enterprises.
Highlighting long-term priorities, he called for improved water resource management in agriculture, greater efficiency in health and education spending, and expanded grassroots service delivery.
Apex Footwear Managing Director Nasim Manzur urged major tax reforms, saying policy uncertainty and administrative complexity remain key barriers to investment. He called for a stable tax regime for at least three years.
Researcher and rights activist Maha Mirza criticised the lack of attention given to agriculture, noting that farmers still depend on sunlight to dry paddy in 2026 despite advances in modern farming.
The discussion, moderated by Charcha Editor Sohrab Hassan, was also addressed by State Minister for Planning Zonayed Saki, Policy Exchange Bangladesh Chairman M Mashrur Riaz, former Finance Secretary Muslim Chowdhury and BKMEA President Mohammad Hatem, among others.