Bangladesh needs 8 bln USD investment to attain 9 pct GDP growth: official

Bangladesh needs an investment of about 7 to 8 billion U.S dollars in infrastructure development to attain 8 to 9 percent GDP growth, said a government official Thursday.

SA Samad, executive chairman of Bangladesh's Board of Investment (BoI), said the present investment regime in Bangladesh is quite attractive than many other countries in Asia.

"But we are yet to reap maximum benefit out of it because of precarious conditions in areas like infrastructure, port, energy and gas," he said while speaking at an event in the capital organized by the Canada-Bangladesh Chamber of Commerce and Industry (CanCham Bangladesh) in association with the BoI.

He stressed the need for sustainable networking among associations of businessmen operating in Bangladesh for attracting more Foreign Direct Investment (FDI).

He said that the economic and social indicators of Bangladesh are showing commendable progress.

Since 2009 FDI inflow has been increasing steadily, he said, adding the services offered by BoI are made online.