The government has taken up a number of initiatives including road show, seminar and discussion meeting in order to boost confidence of the foreign investors, officials said.
They said Bangladesh is going to hold a road show in Hong Kong in the first week of May, 2014 with a view to branding the country and attracting foreign direct investment in the country.
"After the general election on January 5, the most challenging task of the government is now to bring back the confidence of the entrepreneurs for new or reinvestment," Nabhash Chandra Mandal, director of the Board of Investment (BoI), told the FE.
He said they have planned to arrange several meetings on investment with local and foreign entrepreneurs.
"We are going to hold road show in Hong Kong to attract new investment", he added.
The BoI has planned to arrange several meetings on investment in China, Hong Kong, Korea and Qatar, he disclosed.
Another director of BoI told the FE that they were actively looking for local and foreign direct investment (FDI) in several sectors including textile, plastic, light engineering, home textile, information and communications technology (ICT), software development, jute and jute goods, pharmaceuticals, hospital and medical equipment, tourism, infrastructure development and rubber products.
He said they have been trying to share information with local and foreign investors. He said in recent times power supply situation has improved significantly which was the first demand of an investor.
President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Kazi Akram Uddin Ahmed said: "It's a good piece of news for all as the government has taken initiatives to attract new or reinvestment". After the general election, economic activity is improving, he added.
"The international buyers are now turning to Bangladesh and are placing a lot of orders as the country's political situation is better now", Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) told the FE.
He said after the general elections on January 5, a large number of international buyers have taken a long term business plan in Bangladesh as they are regaining confidence.
Jahangir Alamin, president of Bangladesh Textile Mills Association (BTMA), told the FE that the country's business environment was back to normal.
According to BoI data, in the January-February period of the year 2014, proposals both from new and reinvestment from foreign sources witnessed a decline by more than 30 per cent compared to that of the last corresponding period.
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