Investment Unlikely To Come Unless Politics Get Normal

Investment with war-like preparation is essential for the exploration, development, and infrastructure streamlining of the primary energy resources of Bangladesh.

- Mollah Amzad Hossain

Entrepreneurs will not come forward until they are assured of the availability and smooth supply of primary energy with enabling infrastructure. Foreign Investment will flow hand in hand with local investment. Hence, it is of prime importance to create confidence among local investors. For this, the country must get out of political unrest and uncertainty. No good initiative for attracting investment would work unless, alongside ensuring the free flow of information about the economic index, the nation gets rid of inefficiency, corruption, and social conflicts.

Abdul Awal Mintoo, former President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Chairman of National Bank, said this in an exclusive interview with Mollah Amzad Hossain, Editor Energy & Power.

We are aware that a four-day Investment Summit was recently held in Bangladesh to attract foreign investment. What has been achieved from it?

There is no reason to undermine any endeavor. But foreign investment would flow into the country in partnership with local investment. Tracking back to memory lane, we find that, except for a few isolated cases, foreign investment came as a joint venture with local investment. Investment has two integral parts - local and foreign. You need to give priority to the feelings and thoughts of local investors about the investment climate.