◈ Dhaka awaits New Delhi’s reply on Teesta note verbal: spokeswoman ◈ Quader urges children to abhor communalism and militancy ◈ AL sees power as scope to serve people: PM ◈ Prime Minister Sheikh Hasina today said Bangladesh should formulate a roadmap considering its geo-strategic advantage to make the country an aviation hub. “Reaping on the dividend of our geo-strategic advantage, we should create a roadmap as to how we can make our country as an Aviation Hub,” she said in a video statement aired in the inaugural session of the first edition of Aviation Summit in Dhaka. The Civil Aviation and Tourism Ministry, in collaboration with the UK and France, organised the “Bangladesh Aviation Summit-2023” at a city hotel. The prime minister described the summit as very significant for Bangladesh as it has aspiration to become an aviation hub in the region. She said Father of the Nation Bangabandhu Sheikh Mujibur Rahman undertook measures to turn the country into an ‘Aviation Hub’ to connect the East and the West capitalizing the advantage of Bangladesh’s geographical location, just after achieving the membership of ICAO in 1973. The premier said the move was halted immediately after the assassination of the Father of the Nation in 1975. “We have undertaken several measures to support the development of an aviation hub. During the last one decade, we implemented a host of projects to upgrade our airports, airport security and ground handling,” she said. As part of the move to make Bangladesh as an aviation hub, Sheikh Hasina asked the concerned government organisations, the airlines and other stakeholders to carry out their responsibility to create conducive environment for the development and sustaining market both for passengers and cargo. “The government is going to introduce e-visa system which will also facilitate and expedite the flow of passengers visiting Bangladesh for business or tourism,” she said. Promising aviation industry requires skilled manpower, she said, adding, “Our youth must have the opportunities to be trained to become pilots, aeronautics engineers, mechanics, crew members and much more.” The premier hoped that Bangabandhu Sheikh Mujibur Rahman Aviation and Aerospace University, established by her government, would be able to cater the demand of skilled manpower in the country’s aviation and aerospace industry. She said the aviation industry has to lead by example in tackling climate change and strive to meet SDGs. De-carbonation and sustainable aviation fuel are topics which will require investments, concrete actions and the support from developed aviation nations, she also said. “The aviation partnership proposed by the UK and France, through Airbus, to support us in our journey is very crucial,” she opined. Besides, a number of projects are running which include HSIA Expansion Project (Phase-I), Construction of General Aviation Hangar, Hangar Apron and Apron at North side of Fire Station at HSIA; Strengthening of Existing Runway and Taxiway at Shah Amanat International Airport, Chattogram; Development of Cox’s Bazar Airport (Phase-I), Cox’s Bazar Airport Runway Extension Project; Strengthening of Existing Runway and Taxiway at Osmani International Airport, Sylhet; and Enhancement of Capacity of Civil Aviation Authority of Bangladesh on Public Security at HSIA, she added. The third terminal being constructed under HSIA Expansion Project (Phase-I), will create handling capacity of additional 12 million passengers and 4 million ton cargos, she said. Sheikh Hasina said, “The transformation of our economy helped boost the travel opportunities for our people and open up new routes and markets for our airlines”. When Bangladesh will turn into an Upper Middle Income Country by 2031 and a developed country by 2041, the aviation market will be further expanded, she said. The premier said as the economy of Bangladesh has grown, so has the importance of air cargo. “The air cargo market of Bangladesh is rapidly growing at 8 percent per year – three times the world average. This underlines the strong demand for a dedicated national cargo operation in our country. With all of this in mind, there are areas where aviation actors need to do more,” she said. PM’s Private Industry and Investment Affairs Adviser Salman Fazlur Rahman, State Minister for Civil Aviation and Tourism M Mahbub Ali and British MP Rushanara Ali, among others, spoke at the summit. ◈ Roadmap needed to make Bangladesh an aviation hub: PM
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Bona-fide entrepreneurs need to be encouraged for the dynamic capital market : Land Minister

10 February 2021, 10:25:35

Land Minister Saifuzzaman Chowdhury said that bona-fide entrepreneurs should be invited to the capital market by encouraging them to set up ‘Greenfield Projects’ (Projects/Industry built from scratch) to bring dynamism to the capital market. This will increase the confidence of investors in the capital market and create a win-win situation overall.

Yesterday, 9 February 2021, Tuesday, Land Minister Saifuzzaman Chowdhury came with the remark while addressing as the chief guest of the inauguration ceremony of a four-day roadshow with the theme “The Rise of Bengal Tiger: Potentials of Bangladesh Capital Markets” organized by the Bangladesh Securities and Exchange Commission (BSEC) at a hotel in Dubai, United Arab Emirates to showcase investment opportunities in the capital market of Bangladesh to the expatriate Bangladeshi and foreign investors in the development of the capital market of Bangladesh. Bangladesh Consul General in Dubai Iqbal Hussain Khan was present at the time.

Former president of the Chattogram Chamber of Commerce and Industry and the current land minister further said on the first day’s summit that proper research and disciplined investment approach are very important for the capital market. He expressed the view that providing consultancy services in this regard would create an investment environment for the expatriates. Saifuzzaman Chowdhury also shared his personal experience on the risky nature of the capital market. He appreciated the present leadership of BSEC and thanked the present Commission for their various initiatives.

The special guest at the event State Minister for Youth and Sports Md Zahid Ahsan Russel thanked the nonresident Bangladeshis for generating huge remittance which helped Bangladesh during the pandemic.

Yesterday, on the first day of the roadshow an investment summit titled ‘Bangladesh Capital Markets’ was held in two separate phases to attract expatriate Bangladeshi and foreign investors. Investment conferences titled ‘Sukuk (Islamic bond): The New Investment Opportunity in Bangladesh’ and ‘Scope of Private Equity & Venture Capital Investment in Bangladesh’ for the institutional investors are scheduled to be held respectively today second and tomorrow third day of the Roadshow. Besides, bilateral and multilateral meetings with the interested investors are scheduled to be held on next Friday, February 12, 2021, the last day of the roadshow.

Online BO (Beneficiary Owners) Account Opening Portal was launched at the first day summit of the roadshow. This will enable expatriate Bangladeshi citizens to open their accounts online. The roadshow is expected to encourage expatriate Bangladeshi and foreign investors to invest in Bangladesh’s capital market.

The Chairman of BSEC Professor Shibli Rubayat-Ul-Islam highlighted the important role of the capital market for raising long term funds through Bond and Sukuk to address the long-prevailing maturity mismatch problem in the banking sector of Bangladesh in his speech while presiding over the summit.

Managing Director and CEO of UCB Stock Brokerage Ltd. Mohammed Rahmat Pasha, Dhaka Stock Exchange Director Prof Dr. Md Masudur Rahman, Al Haramain Group Chairman Mohammed Mahtabur Rahman, UCBL Executive Committee Chairman Anisuzzaman Chowdhury also spoke at the investment summit. Chief Executive Officer and Managing Director of IDLC Finance Limited Arif Khan presented the keynote address at the summit. BSEC Executive Director Mahbubul Alam, Bangladesh Merchant Bankers Association (BMBA) President Saidur Rahman, Dhaka Stock Exchange Chief Operating Officer M Shaifur Rahman Mazumdar, LankaBangla Securities Ltd. Director Khandoker Saffat Reza and Managing Director of Midway Securities Ltd. Md. Ashequr Rahman attended as panelists in the question-and-answer session. A number of senior dignitaries from various communities of Dubai have also been present in the roadshow among others.

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