American companies are keen to invest in different development sectors in Bangladesh including energy and Liquefied Natural Gas (LNG). Ian Steff, US Assistant Secretary of Commerce informed this to Salman F Rahman, private industry and investment advisor to prime minister, as he called on the latter at his Gulshan office in the capital yesterday.
Steff highly praised Bangladesh’s progress and relayed to the adviser the growing confidence and optimism among American companies in Bangladesh’s future, and their interest to make new investment and expand the existing operations in the country.
Steff said that American companies are interested in the energy, infrastructure,
ICT, LNG sectors and particularly, dredging. Steff mentioned some of the challenging issues that the US companies face in Bangladesh when it comes to e-commerce and the banking system and proposed to set up a co-ordination committee to enforce the intellectual properties regime and combat counterfeiting.
Salman F Rahman assured the delegation to address all their concerns and urged it to follow up with more specifics and details. Earl Robert Miller, Ambassador of the United States to Bangladesh was also present at the meeting.
During the meeting, Salman F Rahman explained to the delegation the remarkable success that Bangladesh has made in a myriad of socio-economic sectors—from poverty alleviation to self-sufficiency in food, agriculture, infrastructure and economy.
The PM adviser cited improved business and investment environment, digitization, establishment of economic zones and creation of one-stop service for potential investors to describe the measures taken by the government to facilitate investment and the process of doing business.
He also outlined the government’s future plans to make further progress in facilitating foreign investment, intended to propel economic growth and help Bangladesh achieve its ambitious target of becoming a developed nation by 2041.