Finance minister AMA Muhith emphasised Thursday the need for diversification of foreign investment saying that in Bangladesh mainly the energy and tele-communications sector gets the investment.
He said the country needs foreign investment especially in manufacturing sector.
Mr Muhith expressed the hope that manufacturing sector would get foreign investment in the coming days.
The minister was speaking at the dividend handover ceremony at the ministry's conference room.
The Bangladesh Development Bank Ltd (BDBL) handed over cheque of Tk 100 million, Infrastructure Development Company Ltd (IDCOL) Tk 140 million and Investment Corporation of Bangladesh (ICB) Tk 455.62 million to the minister at the programme for the fiscal year 2012-13.
Terming it a happy day, Mr Muhith said, "Today three state-owned organisations handed over cheques of dividend."
"Some people say state-owned companies only incur loss, they can't do business. But in reality they sometimes make profit also. This cheque handover ceremony proves it," he said adding the government should not make more business.
The minister said the government is responsible for facilitating business and monitoring works.
He said donors should be praised sometimes for their advice. "The IDCOL was formed on World Bank's suggestion. Now it is making profit."
Finance secretary Mahbub Ahmed, secretary for Banks and Financial Institutions Division Dr M Aslam Alam, IDCOL chairman and secretary for Economic Relations Division (ERD) Mohammad Mejbahuddin, and ICB chairman Md Fayekuzzaman were, among others, present on the occasion.
Muhith for diversification of foreign investment
FE Report | Published: August 15, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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