An upcoming investment summit will have special focus on domestic investment besides luring foreign direct investment through projecting potential of prospective sectors, organizers say.
The high-profile 'Investment Summit 2021' is being organised by Bangladesh Investment Development Authority (BIDA) in the city on November 28-29.
"Domestic investment is the key. Foreign direct investment always follows the trend of domestic investment. If a country cannot enhance the level of the domestic investment, it cannot expect to attract foreign investment," Sirazul Islam, Executive Chairman of the BIDA, told the FE.
According to Mr Islam, the Investment Summit will highlight ways and means to encourage the young population of the country to undertake business.
It is essential to attract the youngsters, who traditionally have a preference to be an employee either in public sector or in private sector, the BIDA chief noted.
And keeping this in mind the summit meet will exhibit the investment opportunities and tactics to the young entrepreneurs, he added.
Prime Minister Sheikh Hasina is scheduled to inaugurate the summit, and on the concluding day, the finance minister will be the chief guest.
There will be a string of sessions on both days where potential of 11 prospective sectors will be thoroughly analyzed by the policymakers and experts.
There will be one technical session on the second day. Ministers or Advisers for the sectors concerned will present the main papers detailing the investment opportunity in those sectors.
The BIDA chief felt that branding is crucial to promoting foreign and domestic investment.
"I myself have found that people of many countries are not aware of Bangladesh's recent success story. They should learn that Bangladesh is now presented as a 'development miracle' by leading experts across the globe," Mr Islam said.
And branding Bangladesh is the main objective of the summit, he added.
mirmostafiz@yahoo.com