Bangladesh aims to attract Tk 4,23,406 crore in additional private investments to achieve its target of 27.83% investment to GDP in FY24. This is crucial for sustaining economic growth, creating jobs, and reducing poverty. The government has set ambitious goals to increase the private investment share in GDP to 27.83% and total investment share to 33.75% in the proposed budget.
However, economists and businessmen express concerns about achieving these targets due to challenges such as gas and electricity shortages, USD crisis, currency devaluation, inflation, import control measures, high government bank borrowing, and political uncertainty. These factors hinder investor confidence.
The Finance Minister plans to invest in productive sectors, stimulate domestic demand, and support growth-inducing projects. The government aims to facilitate investment in economic zones with an investment-friendly environment. Efforts to attract foreign investment include developing an index on trade and ease of doing business and organizing international conferences.
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