Mr. Mahbubul Alam, The President of The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President  has urged expatriates living in various countries, including the United Kingdom (UK),  to invest in Bangladesh to strengthen the country’s economy and build modern, and  prosperous country by 2041.

He made this call during an agreement signing ceremony between FBCCI and UK Bangladesh Catalysts of Commerce and Industry (UKBCCI), an organisation of expatriate businessmen of the UK, at the Regent Lake Banquet Hall in London on November 29, 2023. FBCCI President Mr. Mahbubul Alam and UKBCCI President Mr. MG Golam Miah signed on the MoU on behalf of their organizations.

According to the agreement, FBCCI and UKBCCI will work to strengthen bilateral trade between the UK and Bangladesh, identify potential sectors and increase investment in Bangladesh.

While speaking at the meeting, FBCCI President Mr. Mahbubul Alam said, “the United Kingdom and Bangladesh have a long-shared history. Today our bilateral ties are multi-faceted with growing trade and investment. We are presented with the opportunity to negotiate a new bilateral trade agreement. This agreement must aim to benefit both our economies, ensuring continued market access for Bangladeshi products and fostering British investments in our growing market. This is taking into consideration Bangladesh’s post LDC status.”

Mentioning that the government has been working for a long time to ensure an investment-friendly environment in the country, Mr. Mahbubul Alam said that not only foreign investors, but also expatriate Bangladeshis scattered in different countries of the world, including the UK, can benefit by investing in the country.

The FBCCI president told the expatriate businessmen that the Prime Minister has given various facilities including 10-year tax holiday for foreign investors. An investor can bring together his income or dividends at any time. “I think, except Bangladesh, no other country in the world has such facilities. So, come and invest in Bangladesh. This will benefit you as an investor and the country. Common people will get employment, the country's economy will be stronger, the country will move forward,” the FBCCI chief said.

He also mentioned that the FBCCI will provide all kinds of support to expatriate businessmen, if they invest in Bangladesh.

Among others, FBCCI Vice-President Ms. Shomi Kaiser, UK-BCCI President Mr. MG Golam Miah, FBCCI Directors, and business dignitaries from Bangladesh and UK were present on the program.