Silicon Valley, Santa Clara

THE RISE OF BENGAL TIGER:
POTENTIALS OF TRADE & INVESTMENT IN BANGLADESH

US-BANGLADESH TECH INVESTMENT SUMMIT

August 2, 2021

Hyatt Regency Santa Clara
Silicon Valley

Bangladesh has shown remarkable progress, especially in the information technology sector in the last decade. The country has developed itself as an outsourcing hub, especially for the USA market. Bangladesh has been experiencing a strong commercial relationship with the USA. However, the potentials are far greater than the present scenario. Bangladesh tech industry is rising and the use of technology here is increasing as well. It is now high time for foreign investors to invest in the technology sector of Bangladesh, especially as high-end technology products have a large potential market here. Bangladesh capital markets has already started to focus on the SME and IT sectors through introducing Venture Capital, Private Equity and Impact Funds and also separate platforms for small capital companies in the Exchanges. To demonstrate the scenario and the opportunities to the investors, the distinguished delegates will join in a US-Bangladesh Tech Investment Summit along with tech industry conglomerates and investors. The high level delegation will join in discussion about the potentials and promises of bilateral trade, commerce and investment advancements.

Press Release: BSEC Roadshow ‘The Rise of Bengal Tiger: Potentials of Trade & Investment in Bangladesh’ on US-Bangladesh Tech investment Summit at the Silicon Valley, USA.

On August 02, 2021, Bangladesh Securities and Exchange Commission organized ‘US-Bangladesh Tech Investment Summit’ at the Intercontinental Hyatt Regency Santa Clara, Silicon Valley, Santa Clara. The summit was the concluding event of the 8-day long roadshow on Bangladesh Economy and Capital Markets titled ‘The Rise of Bengal Tiger: Potentials of Trade & Investment in Bangladesh’ in the USA that started on 26th July. BSEC is organizing a series of roadshows to demonstrate Bangladesh Capital markets and Trade & Investment opportunities globally. After successful completion in Dubai earlier this year, BSEC has also successfully completed the roadshow in the USA with this summit on investment in the ICT sector.

The summit was attended by investors, policymakers and start-up leaders of both nonresidents Bangladeshi and foreign institutional and individual investors. Bangladeshi high-level delegation team exchanged opinions with them and showcased the rapid growth in ICT in Bangladesh and the start-up entrepreneurship and the opportunity of collaboration, along with the promise of support from the government and capital markets.

A senior team of BSEC led by its Chairman Professor Shibli Rubayat-Ul-Islam and representatives from the concerned ministries and regulatory authorities, dignitaries including the Private Industry and Investment Adviser to the HPM, Senior Secretary of Finance Division, Secretary of Ministry of Commerce, Secretary of Economic Resources Division, Executive Chairman of BIDA and Executive Chairman of BEPZA also participated the summit, along with private sector leaders and Media. The Mayor of the City of Santa Clara Lisa M. Gillmor attended the summit and paid her tribute to the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

Mr. Salman Fazlur Rahman, Private Industry and Investment Adviser to the HPM said that Bangladesh has facilitated the ICT sector and is growing with the support of the public and private sector. He said, “It is time for everybody to come and invest in Bangladesh. It’s a new Bangladesh and we all are raring to go forward”.

At the summit, the Chairman of BSEC, Professor Shibli Rubayat-Ul-Islam said that the economic capacity of the people of Bangladesh has increased significantly in the past 10 years and there is a huge market existing here. He also said, “being the strongest economy of the world, the USA has to pay a huge export tariff in other countries. But a joint venture with Bangladesh can operate in the international market with fewer taxes since Bangladesh enjoys tax-free export facilities with many countries”.

Bangladesh government is emphasizing the expansion of ICT business in the country and offering many facilities to inspire foreign investment in this sector. The large market and simplified business process make the country one of the best places to invest in the tech sector.

The roadshow is organized by BSEC with courtesy from Eastern Bank Ltd, Nagad Ltd. and Walton Bangladesh. American Chamber of Commerce in Bangladesh (AmCham) has closely worked with BSEC and played an important role to establish networks with USA counterparts to make it successful. Santa Clara was the concluding city of the successful roadshow that surely have a positive impact on business collaboration between Bangladesh and the USA.

  • 05:00 pm to 5:30 pm

    Arrival of guests and registration

  • 05:30 pm to 05:55 pm

    Welcome note by the Chair

  • 05:55 pm to 06:40 pm

    Speeches by dignitaries from different sectors

  • 06:40 pm to 07:20 pm

    Key note presentation

  • 07:20 pm to 07:30 pm

    Panel discussion and Q&A

  • 07:30 pm to 07:40 pm

    Concluding remarks and Vote of thanks

  • 08:00 pm

    Dinner