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UK to help BD for attracting investment

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Staff Reporter
British High Commissioner in Dhaka Alison Blake on Tuesday said the United Kingdom (UK) will continue to work jointly with relevant agencies in Bangladesh to help deliver the reforms that are crucial to attract the in-vestment it needs.
"We agree that infrastructure is important," she said mentioning about the impact of infrastructure weaknesses that they hear from investors.
The British High Commissioner also talked about the role of Bangladesh Investment Development Authority (BIDA) and others in the government here in attracting more investors in Bangladesh and vowed to work to-gether with them.
High Commissioner Blake was addressing a program at the National Press Club organized by the Diplomatic Correspondents Association, Bangladesh (DCAB) under its flagship event 'DCABtalk'.
DCAB President Rezaul Karim Lotus and General Secretary Mahfuz Mishu also spoke on the occasion.
Congratulating Bangladesh on meeting the criteria for graduation from the status of LDC, the High Commis-sioner said a central and challenging transformation is educating and improving the skills of the Bangladeshi labor force.
"Our aim is to bring the British trade and private sector development, and investment, the engine for sustained economic growth, here in Bangladesh as well as the UK," said the diplomat.
She laid emphasis on diversifying economy, expanding manufacturing capacity, create good jobs with higher value jobs.
On investment flow, the High Commissioner said it is important to make sure the investors that their investment is safe and Bangladesh is stable place to invest.
High Commissioner Blake said the UK is not just the third largest single market for Bangladeshi exports in the world, but also the second largest source of foreign direct investment in Bangladesh with over 250 British firms registered here.
"We are a key and dependable partner in Bangladesh's journey to middle income status and beyond," she said.
The High Commissioner said the UK, together with recently re-launched British Business Group (BBG), will be encouraging companies who are not yet here to understand the opportunities available in Bangladesh.