Posts, Telecommunications and Information Technology Minister Faqir Mahbub Anam today reaffirmed the government's commitment to ensuring a reliable and friendly environment for foreign investors in Bangladesh. He highlighted ongoing efforts to make the country more attractive for foreign investment through competitive tax regimes, incentives, and policy support.
Government Initiatives
Speaking during a meeting with South Korean ambassador in Bangladesh Kim Ji-joon, Minister Faqir Mahbub Anam outlined several initiatives aimed at attracting foreign investment. These include introducing a competitive tax regime, providing necessary incentives, and offering policy support to foreign investors.
The Minister also mentioned Prime Minister Tarique Rahman's commitment to ensuring affordable smartphones and digital services across the country, including remote areas. The government is working to expand digital connectivity and make smart devices more accessible to the general public.
National Priority Sectors
Faqir Mahbub Anam identified mobile phone manufacturing and the technology industry as national priority sectors. The government plans to provide necessary policy support to boost local manufacturing, create employment opportunities, and strengthen the country's technological capabilities.
The ultimate goal, according to the Minister, is to establish Bangladesh as a leading regional hub for smart device manufacturing and technology investment. This vision aligns with the government's broader strategy to enhance the country's economic landscape through technological advancement.
Visa Process and Policy Reforms
In response to a proposal from Ambassador Kim Ji-joon, Minister Faqir Mahbub Anam discussed ongoing efforts to simplify and make the visa process more efficient for foreign investors and businesspersons. The government is committed to undertaking necessary policy reforms to make investment and business operations in Bangladesh easier and more convenient.
Ambassador Kim Ji-joon praised Bangladesh's investment potential and proposed introducing a longer-term and more streamlined visa regime for foreign investors. He observed that such measures would further strengthen Bangladesh's investment-friendly environment and facilitate greater foreign direct investment.
Future Cooperation
Both sides expressed optimism about expanding cooperation in areas of mutual interest and implementing joint initiatives in the future. The meeting was attended by Posts and Telecommunications Division Secretary Bilquis Jahan Rimi, First Secretary of Korean embassy Lee Namsoo, and Samsung Electronics Country Manager Jungmin Jung.
