Speech of Mr. Hossain Khaled, President, Dhaka Chamber of Commerce & Industry (dcci), as Special Guest at the Business Exhibition and awareness campaign on “india investrade 2015” organized by icc in association with Ministry of Commerce &

Date: 6-8 August, 2015,

Time: 11:00 a.m.

Venue: Bangabandhu International Conference Center (BICC)

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  Hon’ble Minister, Ministry of Industries, Government of the People’s Republic of Bangladesh; Mr. Amir Hossain Amu;
  
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  Dr. Mukul Sangma, Hon’ble Chief Minister, Government of Meghalaya, India;
  
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  Mr. Okram Ibobi Singh, Hon’ble Chief Minister, Government of Manipur, India;
  
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  Dr. Syed Abdus Samad, Executive Chairman, Board of Investment, Bangladesh;
  
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  H E Mr. Pankaj Saran, Indian High Commissioner in Bangladesh;
  
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  Mr. Hedayetullh Al Mamoon, ndc, Senior Secretary, Ministry of Commerce, Government of the People’s Republic of Bangladesh;
  
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  Mr. Abdul Matlub Ahmed, President, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI);
  
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  Mr. Mohammed Ali, President, Indo-Bangla Chamber of Commerce and Industry (IBCCI);
  
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  Distinguished Members of the Delegation of India;
  
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  Esteemed Partner organizations of Investrade
  
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  Hon’ble business leaders of Bangladesh;
  
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  Respectable Guests and Participants;
  
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  Representatives from the Media-both Electronic and Print;
  
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  Ladies and Gentlemen,
  

Dhaka Chamber of Commerce & Industry (DCCI) is a dynamic and vibrant business chamber in Bangladesh that represents the interest of thousands of local businesses comprising every size and sector - to grow and thrive.

Bangladesh today is the 35^th largest economy in the world with US$ 497 Billion GDP on basis of purchasing power parity. Bangladesh is also the 64^th largest Importer, 68^th largest exporter, 2nd largest RMG exporter and according to Euromonitor 4^th fastest growing economy in the world. According to a recent report of CNNMoney, Bangladesh economy grew by 6.0% in 2014 and it’s grew 6.5% in 2015 and in 2019 Bangladesh will rank 2^nd, with a growth rate of 7%. Impressive growth of 6% and above for the last one decade has indeed taken the economy to a new growth trajectory. Bangladesh targets to be the Middle Income Country by 2021, which targets the country to reach per capita income of US$ 2000 by 2021. DCCI envisioned of US$ 1 trillion GDP where per capita income would be about US$ 6,000 and we are expecting that the country will be one of the 30^th largest economies in the world by 2030 and 23^rd economy by 2050, forecast by PWC. Bangladesh is branded as an ideal investment destination to many of the largest developed and growing economies. And JP Morgan labeled Bangladesh one of the frontier five economies with high potential to be attractive Investment destination. The consistent and remarkable economic growth, which is supported by investment friendly business climate, is enormously contributing to progressive development of the manufacturing and service sector of Bangladesh. We have got an enormous investment potential in a range of emerging and high priority sectors which are Agro-based sectors like food and fruit processing, Paper and pulp from Jute, Gas-based industries, Power, Fertilizer, Renewable energy, Backward linkage of RMG including composite Textile Mills, Automobile Industry, IT sector, Leather and leather goods, Ceramics, Pharmaceuticals, Electronics, Light Engineering, Steel, Infrastructure Development, Hospitals, Education, Tourism backed by international investment guarantee policies.

Bangladesh desires to deepen its economic ties with the nations of the globe. It is worth mentioning that we view India as a key partner to realize our economic aspirations as both countries have long shared the common objective of fostering closer economic integration within the South Asia region. We, both nations also enjoy geographical proximity, strong bond, cultural affinity, close business ties and interconnected interest. I believe recently signed bilateral and multilateral cooperation and multimodal connectivity agreement will ease exploring new avenues of business towards accelerating economic development of this region.

Thank you.