Business Summit Brochure 2023
Business Summit Brochure 2023
Business Summit Brochure 2023
Featuring :
In association with:
MINISTRY OF COMMERCE
Government of the People's Republic of Bangladesh
- H. E. SHEIKH HASINA
Honorable Prime Minister
Government of the People’s Republic of Bangladesh
Soon after the independence of Bangladesh, trade and commerce
were considered one of the driving forces to rebuild a long-oppressed
and war-torn nation. FBCCI was established amid this changing time to
serve the business and commerce of the country as an umbrella. Since
then, FBCCI has represented the Private Sector of the country.
In the last 50 years, FBCCI has been working relentlessly and dedicatedly to
create a business conducive environment in Bangladesh. In the last decade,
under the prudent leadership of the honorable Prime Minister Sheikh Hasina,
FBCCI has emphasized the contribution of the private sector to support the quest
for national development. The role of the private sector has been proven very
important and FBCCI has always emphasized collaboration with the government,
international chambers and federations, and, most importantly created a zone for all
the businesses and chambers of the country. The journey of FBCCI is marked with
many successful interventions, policy-making and private sector development, however,
the glory of FBCCI is not just these, rather it is the impact of the steps and initiatives.
FBCCI proudly celebrates the contribution to the development of Bangladesh and the
progress of the people.
Bangladesh is moving towards a trillion-dollar economy and becoming a developed nation and
FBCCI is committed to empowering every sector and every tool of progress by developing
sustainable and diversified business intuitive to build the future. As Bangladesh grows further, the
private-sector-led economy shows a brighter future ahead.
Having the pride and upholding the spirit, FBCCI comes ahead to celebrate the glorious journey of 50 years.
INTRODUCTION TO THE FBCCI
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is the apex
trade organization of Bangladesh playing a pivotal role in consultative and advisory
capacity, safeguarding the interest of the private sector.
Year of Establishment: 1973
Established under: Trade Organization Ordinance, 1961 and Companies Act, 1913.
Bangladesh is growing rapidly over a decade and is one of the fastest-growing economies in the
world. Economic and political stability are driving its journey toward the future. Currently, it’s the
41st largest economy and will be the 25th largest economy by 2035. In a very short span of about 13
years, the nation has grown from being a 90 billion dollar economy to a 460 billion dollar economy.
Bangladesh has laid out its grand vision to become an ‘Upper Middle-Income Country’ in the next decade
and a ‘Developed Country’ by 2041. Bangladesh now seeks to expand its formal sector by enhancing its
trade and investment level. While the established sectors such as RMG continue to fuel prosperity, several
sectors boast high potential new growth drivers and are complemented by the Bangladesh government’s
efforts to further strengthen their investment climates and sector competitiveness.
BANGLADESH BUSINESS SUMMIT 2023
Bangladesh Business Summit 2023, scheduled for March 11-13, 2023, is an international trade and investment promotion event being
organized by Bangladesh’s apex business body Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), in partnership
with the Government of Bangladesh. The summit, envisaged to become Bangladesh’s flagship business promotion bi-annual event, seeks to
highlight Bangladesh’s economic and market strengths, and concrete trade and investment opportunities in Bangladesh by convening
national and global businesses leaders, investors, policymakers, practitioners, policy and market analysts, academia, and innovators.
“Bangladesh is THE Land “Now our priority is to “It is time for everybody “As FBCCI is celebrating
of Opportunities” ensure ease of doing to come and invest in 50th anniversary this year,
Dr. A. K. Abdul Momen, MP business, and for this Bangladesh. It’s a new we look forward to set a
Hon'ble Foreign Minister
Ministry of Foreign Affairs
sake we took initiatives to Bangladesh and we all roadmap of an incredible
provide all necessary are raring to go forward” future”
support under an Salman F Rahman, MP Md. Jashim Uddin
umbrella with a view to Private Industry and Investment Adviser to the
Prime Minister of the Government of the
President of FBCCI
Tipu Munshi, MP
Honorable Minister
Ministry of Commerce
ACCELERATING THE TRILLION
DOLLAR JOURNEY
As Bangladesh moves ahead with unstoppable pace,
private sector-led economy is emerging with the
backbone of robust industrial growth, regional
connectivity, youth dividend, digitalization and
knowledge based industrial advancement. The country
is taking its steps in the global arena and the global
business is coming here in Bangladesh. FBCCI
Business Summit 2023 upholds the journey and the
opportunities of future, because, the future lies here.
PROPOSED SUMMIT AGENDA
Event Date : 11-13th March 2023
Venue : Bangabandhu International Conference Center, Dhaka, Bangladesh
Lunch break
CNN Insight Session: Keynote Presentation by CNN’s leadership team.
Panel Discussion with Richard Quest: Role of Private Sector Investment and FDI for Emerging Economy
Networking with Tea and exclusive B2B Meeting Opportunities
Networking Dinner for all registered delegates, foreign dignitaries and invitees
Plenary Session 01: Bangladesh $100 Billion Investment Opportunities in Key Sectors for Investors Leverage
Plenary Session 02: Developing Long-term Finance Markets to Support New Growth Opportunities
Parallel Sessions:
Private Sector Opportunities in Building Infrastructure for the Next Phase of Growth
Towards a $100 Billion Apparel & Textile Sector: Leveraging Sustainability, Competitiveness and Investment Opportunities
Leveraging Growing Middle and Affluent Class for a Vibrant Consumer Goods Sector
DAY 02
Lunch break
Plenary Session 03: Harnessing the Power of Digital Economy to Unlock New Frontiers in Smart Bangladesh
Parallel Sessions:
Strategic Approach for Energy Security to Attain Sustainable Growth
Japan Bangladesh Business Session in Association with JETRO
Towards a Globally Competitive Agribusiness Sector : Emerging Opportunities in Agro Trade and Investments
Parallel sessions:
PPPs for Vision 2041: Private Sector Role and Opportunities
Catalysing Green Investments for Sustainability: Emerging Opportunities for Circular Economy
Investing in the Future of Manufacturing: Opportunities in Automobile and Hi-tech Manufacturing in Bangladesh
Pharmaceutical Sector In Bangladesh: Investing For Growth, Global Integration, And Post-ldc Market Opportunities
DAY 03
Parallel Sessions:
Leveraging SMEs for Vibrant Supply-Chain Linkage and Productivity Spillovers
Invest in Women's Participation in Smart Economy
Market Readiness and Opportunities for Foreign Direct Investment (FDI) in Tourism Industry
FBCCI Business Excellence Award 2023 & Celebration Dinner
H.E. Sheikh Hasina
Prime Minister
Government of the People's Republic of Bangladesh
H.E. Sheikh Hasina, the Prime Minister of the Government of the People's Republic of Bangladesh, assumed office on 7 January 2019 for the
fourth time after her party Awami League-led grand alliance won the 11th Parliamentary elections. Earlier, she served as Prime Minister in
1996-2001, 2009-2013 and in 2014-2018. Sheikh Hasina was the Leader of the Opposition in the 4th, 5th and 8th Parliaments. Sheikh Hasina
is the eldest daughter of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
Sheikh Hasina’s achievements include 30-year Ganges Water Sharing Treaty with India, the Peace Accord on Chittagong Hill Tracts,
construction of Bangabandhu Bridge, ensuring food security, increasing power production capacity manifold, GDP growth over 8%, resolving
maritime boundary dispute with Myanmar and India, slumping poverty level to 22.4 percent which was 38.4 in 2006, adopting Land Boundary
Agreement by Indian parliament resolving the 68 years long border dispute, raising per capita income to USD 2824, building Padma bridge
with own fund, sending Bangabandhu Satellite-1 in the orbit, leading Bangladesh’s graduation to developing country from LDC, establishing
Ruppur Nuclear Power plant and more.
Sheikh Hasina was honored with UNESCO’s Houphouet-Boigny Peace Prize 1998; Pearl S Buck Award 1999; CERES Medal by FAO; Mother
Teresa Award; MK Gandhi Award; Paul Harris Fellow; Indira Gandhi Peace Award 2009; Indira Gandhi Gold Plaque in Kolkata; Paul Haris
Fellow by the Rotary Foundation of Rotary International, Medal of Distinction in 1996-97 and 1998-99 and Head of State Medal in 1996-97
by the International Association of Lions Clubs, Global Diversity Award in the UK, two South-South Awards. "Tree of Peace" by UNESCO,
United Nation’s highest environmental accolade ‘Champion of the Earth Award 2015’ in policy leadership category for her forefront role at
home and abroad to face the adverse impacts of climate change. Honorable Prime Minister Sheikh Hasina has been conferred with 'SDG
Progress award' for Bangladesh's steady progress in achieving the Sustainable Development Goals (SDGs) by the UN sponsored Sustainable
Development Solutions Network (SDSN).
Source: www.pmo.gov.bd
What is CNN Experience?
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together some of the leading figures in their field who offer a
unique perspective on the most pressing questions in the world of
news and business today. We bring together CNN Worldwide's
correspondents, journalists, and our commercial leaders in an
unprecedented way to contextualize the global news agenda from
every angle.
Inaugural Session
Session Objective:
Inauguration of Program with key messages from the head of the government and high-level local and foreign dignitaries to highlight the
following:
- Bangladesh’s impeccable development achievements
- Long-term economic prospects and the underlying economic, social and human capital strengths.
- Growing reputation in the global stage and immense opportunities for trade and investment.
Session Brief
The concerned key participants from the government and private sector will address the inaugural session. The high-level panel will lay the
foundation for the next two days by deliberating on Bangladesh’s impressive growth, burgeoning infrastructure and social capabilities and
thriving domestic market, improvements in infrastructure and high investment potential.
Plenary Session
Session Title: Bangladesh $100 Billion Investment Opportunities in Key Sectors for Investors Leverage Objective
- Sharing Bangladesh’s Growth Story, Economic Achievements, and the National Vision for the Road Ahead.
- Highlight the importance of trade and investment in realizing Visions 2041.
- Underscore National Priorities & Key Strategic Policies/ Strategies/reforms Undertaken.
- Deliberate Bangladesh’s key competitive/comparative strengths, Investment and Trade Opportunities in the horizon along with priority
policy and private sector actions.
Session Brief
A remarkable investment opportunity of $100 billion awaits in Bangladesh. With rising labor costs in China, Bangladesh’s current
demographic dividend will prove to be vital in drawing in investors. With a population of 170 million, 65% of which are in the working age
category, Bangladesh can aim to be the next manufacturing and digital economy hub. Several large-scale ports, 100 Economic Zones, and
transformation of the power and energy sector, together with serviced land, improved business environment and simplification of
regulations can help develop Bangladesh into a haven for investors.
LONG TERM FINANCE
DEVELOPING LONG-TERM FINANCE MARKETS
TO SUPPORT NEW GROWTH OPPORTUNITIES
Session Objective
• Deliberate on how stable, resilient financial markets can help create a better environment for development and growth, create
employment and reduce poverty.
• Discuss the need for long term finance to alleviate the asset-liability mismatch and capitalize on growth opportunities.
• Provide a summary of reforms in the banking and capital markets and high-potential investment/financing opportunities.
Session Brief
The Bangladesh financial sector has grown significant in recent decades, helping to provide financial intermediation for industrial growth and
socio-economic development. The banking sector was liberalized in the late 1980s, and new banks could come into existence. The share of
private banking grew considerably, eclipsing state banking, leading to efficiency gains and greater financial intermediation. The financial
sector has been providing liquidity to finance the country’s industrial expansion with high rates of private sector credit growth. For an
economy poised to grow at 8% for next decade and beyond, there is a huge need for long-term and innovative finance capitalizing on new
sources of investment opportunities. The MSME finance has a gap of $2.75 billion per annum while housing finance requirement is about
$2.5 billion every year till 2030.
THE 28TH
LARGEST ECONOMY
OF THE WORLD IN 2030
INFRASTRUCTURE
PRIVATE SECTOR OPPORTUNITIES IN BUILDING
INFRASTRUCTURE FOR THE NEXT PHASE OF GROWTH
Session Objective:
• Disseminate the need for modern, world class infrastructure for supporting Bangladesh’s future growth needs.
• Highlight the impressive development in infrastructure and the national priority/efforts /GoB program in infrastructure space.
• Highlight the investment opportunities, particularly in the areas focusing on logistics, special economic zones, power and energy.
• Highlight the necessary policy and markets actions to realize the potential.
Session Brief:
The Government of Bangladesh has increased infrastructure investments since fiscal year (FY2016). According to the government’s 7th Five
Year Plan (FY2016–FY2020), infrastructure finance needs to reach 4.2% of GDP per annum, or about $14 billion (FY2019), to maintain the
growth momentum.
The infrastructure sector comprises energy, power, transport, urban, education, and health sectors. More prominently, the Strategic
Transport Plan 2015–2035 proposes five mass rapid transit systems, two bus rapid transit systems, three ring roads, eight radial roads, and
six expressways, among others. According to the Revisiting The Power System Master Plan 2016, to meet up future demand and maintain
reserve margin, the country’s generation capacity needs to increase by 74.5 gigawatts from 2020 to 2041. From 2017 to 2025, an average
investment of $9–10 billion per annum is needed, for aggregated generation, transmission, and related costs. The government plans also
call for increased investments in economic zones and the urban, health, and tertiary education sectors.
a. Economic Zones
b. Logistics
c. Power & Energy
USD 40
BILLION INVESTMENT IN
INFRASTRUCTURE TO
SUPPORT GROWTH
TOWARDS A $100 BILLION APPAREL & TEXTILE SECTOR:
LEVERAGING SUSTAINABILITY, COMPETITIVENESS AND INVESTMENT OPPORTUNITIES
Session Objective
• Shed light on Bangladesh's success in global stage with regard to RMG manufacturing, recycling and exports.
• Highlight the Vision /Potential of Bangladesh RMG sector and the underlying strengths that form the foundation for attaining the vision.
• How Bangladesh RMG sector is preparing to embrace sustainability/circularity and other key success factors for the future.
• Opportunities the RMG sector offer the local and global business over the medium and long term.
Session Brief
The country's apparel sector is expected to reach the $100 billion export mark by 2030 through product diversification, more focus on
technical textiles and man-made fiber products, according to a long-term plan. The global apparel market size will be around $1135 billion in
2030. During this period Bangladeshi apparel exporters expect to get at least 10 per cent or $100 billion of the global market share.
The apparel exporters will reduce greenhouse gas emissions by 30% and will reduce energy consumption by 30% and will use at least 20%
of renewable energy by 2030. The apparel sector will generate 6 million jobs by 2030 through ensuring 100% institutionalization of skill
development, good health and well-being of employees. Bangladesh RMG sector has been in the leading position for the economic
development with a wide range of opportunities and it is time to expand the opportunity even further.
2ND LARGEST
RMG EXPORTER
IN THE WORLD
CONSUMER GOODS
LEVERAGING GROWING MIDDLE AND AFFLUENT CLASS
FOR A VIBRANT CONSUMER GOODS SECTOR
Session Objective
• Deliberate on the rapidly rising domestic consumer goods market in Bangladesh and the opportunities it brings for enhanced
investment and trade.
• Discuss the potential and opportunities in key domestic sectors, including Leather and Footwear, Electronics and Equipment,
Pharmaceuticals, Plastics and Agribusiness and Food Processing.
Session Brief
The global market size of the FMCG industry is expected to reach $1.54 trillion by 2025 with a CAGR of 5.4% (2018-2025). Due to the nature
of the FMCG industry—characterized by low margins and high sales volumes—the industry is most likely to benefit from increasing its
customer base, which will lead to greater sales. In this respect, Bangladesh stands an unexplored goldmine. Consumption expenditure
clocked in at 97% of national income as of 2015 and with domestic annual consumption standing at over $130 billion, the growth of the
internal economy has been accelerating. As the number of people belonging to the Middle and Affluent Class (MAC) is projected to increase
from 12 million–or 7% of the population–to 34 million by 2025, the strong growth of the FMCG sector will continue to sustain itself in the
future. The market size of consumer goods in Bangladesh is $3.6 billion with an annual growth rate of 9%. Leather and Footwear, Consumer
Electronics and Equipment, Pharmaceuticals, Plastics and Agribusiness and Food Processing are some of the sector upholding this growth
and have high potential.
Session Objective
• Deliberating on Digital Economy’s potential both globally and in Bangladesh and highlighting the recent strides the country has taken in
capturing it.
• Discuss the digital capabilities of youth in the country and key initiatives taken to fortify a skilled workforce.
• Highlight the different benefits extended to entrepreneurs in line with GoB’s commitment to Digital Bangladesh, and investment
opportunities.
Session Brief
To accelerate the economy and development of Bangladesh, the Government of Bangladesh laid out Digital Bangladesh as its key
development vision. The Government has declared the ICT as a thrust sector for its rapid growth. Acknowledging this fact, Bangladesh
Government has deployed a comprehensive ICT Policy and several supporting program. Digital Bangladesh aspires not only to make the
country a modern knowledge-based society by 2021, but also to establish it as the world’s next ICT destination in the South Asian region. The
GoB has emphasized the importance of integrating ICTs within the national development agenda for almost 20 years, emphasizing ICT
exports as a key priority. The ICT Ministry has a target of ICT exports of $5 billion a year which requires hundreds of millions in investments
into IT and IT-enabled services, e-commerce, fintech, and other technology startups.
Bangladesh has a sizable young workforce and high-cost competitiveness (20-30% less than in India or Philippines which is estimated to
only strengthen with the completion of IT parks, a major key value proposition for companies looking to outsource or offshore operations.
Leading global IT service providers like Wipro, IBM, TCS, NTT Data, Infosys, and WPP have already entered the market through delivery center
set-ups and joint ventures with local companies.
ONE OF THE
TOP FOUR
FASTEST GROWING
DIGITAL ECONOMIES
OF THE WORLD.
STRATEGIC APPROACH
To Energy Security to Attain Sustainable Growth
Session Objective
• Deliberate on the current scenario in energy space, its growth imperatives, and next steps for energy sector development.
• Discuss on how Bangladesh can fill the gap between energy demand and supply on a sustained basis.
• How can Bangladesh reduce the dependency on foreign imports of external fuels.
• How to best take advantage of the natural resources in the jurisdiction of the country.
• Discuss on how to move to a greener Bangladesh by ensuring energy mix is green.
Session Brief
To continue supporting Bangladesh’s robust growth trajectory over the coming decades, Bangladesh will need to allocate sufficient policy
and resources in local gas exploration, installation of renewable energy systems, and efforts on energy efficiency and conservation. The time
is paramount to concentrate on energy security instead of only electricity security. It is also important to avoid the wastage of scarce energy
resources. All these will require Bangladesh to facilitate private investment from reputed global and local energy investors along with
application of innovative technology to ensure sustainability and efficiency.
JAPAN BANGLADESH
Business Session in Association with JETRO
Session Objective
• Highlighting the business relation between two countries.
• Discussing focused areas for Japanese investment, business opportunities and challenges.
• Introducing Bangladesh SEZ in Araihazar as international standard for investment.
• Deliberating the next step to upgrade business relation.
• Discussing expected Economic Partnership Agreement as a driving force.
Session Brief
Japan and Bangladesh are time-tested friends and both countries have celebrated 50th anniversary of diplomatic relation in 2022. As the
largest single development partner, Japan has supported Bangladesh for development in various aspects, from infrastructure to human
resource. In the year to commemorate 50 years of friendship, MRT Line 6 and Bangladesh SEZ (BSEZ) in Araihazar have incepted the
operation for further growth in the economy. For its rapid growth, the number of Japanese companies are more than 300, which is tripled for
last ten years. According to JETRO, 71.6% of Japanese companies operated in Bangladesh is willing to expand their business operation in
next one to two years. In this background, more Japanese companies are focusing on Bangladesh as an appealing business destination.
Moreover, due to the planned graduation from LDC status, both governments have set up joint study group for bilateral Economic Partnership
Agreement (EPA) last year. For deepening the bilateral relation, business relation is increasingly significant, and more business partnership
would be expected. In this session, Japanese government and businesses will discuss the policy, business opportunities and challenges by
inviting stakeholders from both countries.
TOWARDS A GLOBAL
COMPETITIVE AGRIBUSINESS SECTOR
Emerging Opportunities in Agro Trade and Investments
Session Objective
• Deliberating on the importance of Agriculture sector in Bangladesh both with regard to food security and economy.
• Highlight potential of agrobusiness in Bangladesh and the important sub-sectors/products that offer prospects for trade and
investment trade in Bangladesh.
• Potential in Halal food and avenues through which Bangladesh can tap into the halal food /meat market.
• Discussing policy reforms to match/ produce agro products which are in high demand in the international market.
Session Brief
Agriculture has been an integral part of Bangladesh’s economic development over the last five decades. The agriculture sector employs 38
percent of the workforce and contributes to 14 percent of the country’s Gross Domestic Product (GDP). National strategies identify
agriculture sector as high priority and have targeted focus on developing agribusiness in the country. Agribusiness has a multitude of
prospects globally as well as in the domestic market. To realize the opportunities, global multinational food companies can enormously
support the development of the sector by integration to their global supply chains, sharing technical know-how, integrating local firms
through a vibrant supply cgau and creating business opportunities.
PPPs FOR VISION 2041:
PRIVATE SECTOR ROLE AND OPPORTUNITIES
Session Objective
• Deliberating on why and how PPP is critical in delivering the goals of Vision 2041.
• Discussing the progress in PPP space and , incremental increase in capacity , lessons of the public and private sector in the PPP
journey to date.
• What is the scope in the policy space for improving implementation of PPP projects.
• Highlighting specific PPP project pipeline that global and local private sector can focus on.
• Deliberating on the next steps on how to modernize PPP in the scope of foreign JVs and greater knowledge sharing from foreign
investments.
Session Brief
PPP in Bangladesh seeks to stimulate economic growth, innovation and expertise in physical and social infrastructure development,
efficiency in project delivery and operations while providing the private sector with a chance to expand their businesses. Bangladesh is
making efforts to strengthen the PPP prospects through PPP law and policy support, and expanding public sector capacity and funding
assistance, market capacity and private participation in each sector, access to finance for PPP. According to 8th Five Year Plan of the
country, to secure the modernization of the infrastructure and service sector both public and private investment will need to go up as a
share of GDP.
BANGLADESH SEEN
ON TRACK TO BE A
TRILLION-DOLLAR
ECONOMY BY 2040
GREEN INVESTMENTS
CATALYSING GREEN INVESTMENTS FOR SUSTAINABILITY:
EMERGING OPPORTUNITIES FOR CIRCULAR ECONOMY
Session Objective
• Deliberate on the potential for climate-friendly and green investments in Bangladesh to achieve sustainable growth.
• Discuss the importance for businesses to manage their environmental impact for increased competitiveness and leveling the playing
field between complying and non-complying businesses through access to green finance.
• Highlight the current practices and regulations in Green Finance, both in Bangladesh and abroad, and promulgate the key demand and
supply side issues impeding disbursement.
• Highlight global green finance opportunities and how Bangladesh can leverage such options.
Session Brief
According to a World Bank Group estimate, the total climate-smart investment (green investment) potential in Bangladesh to be
approximately $172 billion between 2018 and 2030, mainly in green buildings, transportation infrastructure, urban water, agriculture,
waste management, and renewable energy. Bangladesh has considerable potential to develop a domestic green finance/bond market to
mobilize private capital for climate-related initiatives.
Session Objective
• Highlight the prospects of the automobile and hi-tech manufacturing industry in Bangladesh and various product categories in the
future manufacturing value chain.
• Policy and market priorities for Bangladesh in order to make transition towards the future manufacturing in Asia.
• Deliberating on the potential of the EV and EV manufacturing/operations ecosystem and how Bangladesh can capitalize on these
opportunities.
• Highlight necessary improvements/strengthen measures Bangladesh need to take in policies, skills, technology and infrastructure.
• Focus on steps Bangladesh is undertaking to facilitate investment.
• How to attract home grown companies in the manufacturing sector into Joint Venture with foreign firms.
Session Brief
Diversification of supply chains around the world are leading to shifting trends in world production eco-system, particularly in hi-tech
manufacturing. Bangladesh Hi-Tech Park Authority (BHTPA) has been established. Some 92 parks are being constructed in the park.
Bangladesh plans to launch eight new hi-tech parks this year and tap Tk 12 billion investments by 2023. Among the many opportunities
of hi-tech industry, four-wheeled automobiles sector one of the most promising sectors to be expanded in Bangladesh. The number of
automobiles registered from 2011 to 2022 (up to February) is 5.11 million. Although commercial vehicles are dominant, the growing
purchasing power of the middle-income population has spurred passenger vehicle registration. Due to steadily increasing per capita income
as well as increasing economic activity, the demand for both passenger and commercial vehicles is expected to grow at a rapid pace. The
country is in the process of finalizing its first ever automobile sector policy and global trends are making prospects of Electric Vehicle (EV)
strong.
PHARMACEUTICAL SECTOR
IN BANGLADESH
Investing for Growth, Global Integration, and
Post-LDC Market Opportunities
Session Objective
• Deliberating on the various product categories in the pharmaceutical value chain.
• Highlight potential of pharmaceutical sector in Bangladesh and the important sub-sectors/products that offer prospects for trade and
investment.
• Discussing policy reforms to match/ produce pharmaceutical products which are in high demand in the international market.
• Shed light on shifting trends in global supply chain/productions systems in hi-tech manufacturing and identify opportunities that are
emerging for Bangladesh in this space.
• Deliberating on the challenges of losing privileges after LDC Graduation.
• Deliberating on how to effectively maneuver LDC Graduation and keep the sector prosperous.
Session Brief
Presently, the pharmaceutical industry in Bangladesh 98 percent of the country’s total demand for medicine is met by domestic institutions.
The country also exports medicines to several countries parallel to meeting domestic demand. In the fiscal year of 2021-22, Bangladesh’s
pharmaceutical export revenue was US$ 188.78 million the domestic market of which is about US$3.5 billion. In 2018, Bangladesh was
ranked 71st on the list of 134 countries that export medicines. Bangladesh needs to try and build capacities to exploit the benefits of the
transition period of the graduation out of the least developed countries category as much as possible to further develop its pharmaceutical
industry. Bangladesh, however, imports huge amounts of raw materials and chemicals, for example about $1.050 billion in 2020-21, mostly
from developing countries such as China, India, Korea, Singapore, and Malaysia. With the graduation of Bangladesh to a developing country,
we need to follow the growth path of developing countries which have been successful.
SME DEVELOPMENT
LEVERAGING SMES FOR VIBRANT SUPPLY-CHAIN
LINKAGE AND PRODUCTIVITY SPILLOVERS
Session Objective
• Highlight the growth and proliferation of Bangladesh’s SMEs, and the massive informal market that yet to be tapped completely.
• Inform the distinguished participants on the policy support and simplification of complex procedures made in recent years, especially
during Covid, and the sustained prioritization of the segment by the Government of Bangladesh.
• Propagate the continued role of Banks, MFIs and NGOs in providing vital financial services to SMEs, along with guidance on business
development, market linkage and improving the digital and financial literacy of SMEs.
• Highlight the impact of SME development on livelihood improvement and human development and increased vibrancy in rural economy.
• Discuss the high potential of SMEs in providing critical supply-chain linkage and further increasing productivity in the industrial sector.
Session Brief
Bangladesh experienced a robust economic performance in recent years. Living standards too have improved significantly, as the country
remain committed to its broader objectives of transforming Bangladesh into an Upper Middle-Income Country by 2031 and a High-Income
Country by 2041.
SMEs now occupy an important position in the national economy. They account for about 45 percent of manufacturing value addition, about
80 percent of industrial employment, about 90 percent of total industrial units and about 25 percent of the labor force. Their total
contribution to export earnings varies from 75 percent to 80 percent. SMEs play a huge role in such large-scale development in livelihood and
conditions. It is generally accepted that Small and Medium-sized Enterprises are endowed with a potential of innovation, job creation and
income growth, impacting the lives of the vast majority of population in every country. Driven by entrepreneurship, SMEs represent a real
lever for economic and social growth, especially in emerging economies like Bangladesh.
Session Objective
• Discussing the current state and concentration of women participation in business and the labour force.
• Highlight some of the business success case stories that have been led by women.
• Shed light on some high potential trade and investment opportunities for women -led businesses in Bangladesh.
• Discussing how to improve women’s access to finance and access to entrepreneurship skills.
• Deliberating on how to develop skills that are required for women for starting a business.
• How can women be integrated in the digital sector and services sectors apart from the traditional industries.
Session Brief
Bangladesh, as a rapidly developing nation, stands to gain the most from the inclusion of women in the business world. Women's
economic participation and their ownership and control of productive assets speed up development, help overcome poverty, reduce
inequalities, and improve children's nutrition, health, and school attendance. While women entrepreneurs across Bangladesh have
benefitted from roll out of mobile phone and e-commerce, and are demonstrating strong prospects of gains from fast growth of digital
economy. According to a 2016 study by the International Finance Corporation, women-owned businesses constitute just 7.2 percent of
the eight million businesses in Bangladesh. Some of the most notable limitations include a lack of digital and financial literacy and
limited knowledge on aspects of the digital economy, including regulations and logistics and the awareness of technology devices,
competitiveness, and technological know-how before starting an e-commerce business.
MARKET READINESS AND OPPORTUNITIES
for Foreign Direct Investment (FDI)
in Tourism Industry
Session Objective
• Highlighting the potential of the tourism sector and identify the relevant sub-sectors and opportunities each of them offer.
• Highlighting the current facilities, services, and infrastructure of the tourism sector and the improvements plans/needs.
• Highlight need/opportunities for FDI in the tourism sector
• Shed light on creating supply chain linkage to enable SME participation in tourism sector
Session Brief
Bangladesh categorises tourism as an export-oriented industry being scoped within the ‘Thrust Sector’ for securing special facilities and
venture capital support. Tourism is an industry that covers many social and economic fields, comprises one of the deepest value chains
among all industries, creating a great growth vector. In FY2019-20, Government of Bangladesh (GoB) allocated BDTk. 34 billion for Civil
Aviation (Biman). At the same time, the allocation for the Ministry of Civil Aviation and Tourism (MoCAT) was doubled to BDTk. 78 Billion,
which was a reflection of GoB’s willingness to invest and develop the tourism industry. The Government of Bangladesh encourages private
investments through credit facilities, tax incentives, repatriation facilities of dividend, permanent residence on investing US$ 75,000 and
citizenship on investing US$ 500,000, depreciation allowances, among other benefits. The rising purchasing power of a growing middle-class
population, considered to be larger than many European and East Asian countries, also put Bangladesh at the vantage point of tapping into
a huge domestic tourism market.
OPTIONAL ACTIVITIES
DAY 01 Shopping Tour or, Guided Tour of Louis Kahn's Iconic Architecture Bangladesh Parliament
DAY 02 Open House Reception by Iconic Industry Leaders of Bangladesh to Host Global Business Leaders as per Relevant Industries
DAY 03 Parliament / Padma Bridge / Experiential Factory Visits / Shopping / Mini Golf followed by Breakfast at Golf Course
REGISTRATION FOR FOREIGN DELEGATES
Registration with 2 Night Stay at Conference Hotel (Pan Pacific Sonargaon Dhaka),
Summit all Access Pass, Lunch and Dinner Invitations along with other Facilities and Tours
@500 USD
for more details
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The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI)
FBCCI Icon, 60, Motijheel C/A, Dhaka, Bangladesh.
Tel:223381470,02-223350002
PABX: 02-223381233,02-223380103, Fax: 02-223355902
E-mail: [email protected], www.fbcci.org