US envoy to Bangladesh says SEZs not enough to attract best investors

“It’s one thing to build a special economic zone, but that alone is not enough to attract the best investors,” he said.

Companies want a developed transportation system, consistent access to power and water, and a well-trained workforce and Bangladesh had made great strides in filling these needs, he noted.

There are strong reasons to look at Bangladesh for market opportunities, he said.

“Yes, times are tough. And as the World Bank recently pointed out, Bangladesh needs additional reforms in order to maintain its economic expansion going forward. But so far, the macroeconomic situation seems manageable,” added the envoy.

ALCHEMPro News Desk (DS)