Bangladesh Business Summit 2023 Outcome Report

Tourism & Blue Economy

Market Readiness and Opportunities for Foreign Direct Investment (FDI) in Tourism Industry

March 13, 2023
2:00 PM

Bangladesh categorises tourism as an export-oriented industry being scoped within the ‘Thrust Sector’ for securing special facilities and venture capital support. Tourism is an industry that covers many social and economic fields, and comprises one of the deepest value chains among all industries, creating a great growth vector. In FY2019-20, the Government of Bangladesh (GoB) allocated BDT 34 billion for Civil Aviation (Biman Bangladesh). At the same time, the allocation for the Ministry of Civil Aviation and Tourism (MoCAT) was doubled to BDT 78 Billion, which was a reflection of GoB’s willingness to invest and develop the tourism industry. The Government of Bangladesh encourages private investments through credit facilities, tax incentives, repatriation facilities of dividends, permanent residence on investing US$ 75,000 and citizenship on investing US$ 500,000, and depreciation allowances, among other benefits. The rising purchasing power of a growing middle-class population, considered to be larger than many European and East Asian countries, also put Bangladesh at the vantage point of tapping into a huge domestic tourism market.

Session Objective
• Highlighting the potential of the tourism sector and identify the relevant sub-sectors and opportunities each of them offer.
• Highlighting the current facilities, services, and infrastructure of the tourism sector and the improvements plans/needs.
• Highlight need/opportunities for FDI in the tourism sector
• Shed light on creating supply chain linkage to enable SME participation in tourism sector

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Expected Session Guests and Speakers

turism

Chief Guest

Md. Mahbub Ali

State Minister for Civil Aviation and Tourism

The Government of the People's Republic of Bangladesh

bhutan finance minister

Guest of Honor

Namgay Tshering

Honorable Minister

Ministry of Finance, Bhutan

tsc

Session Chair, Key Note Speaker

Mr. Md. Mokammel Hossain

Secretary, the Ministry of Civil Aviation and Tourism

The Government of the People's Republic of Bangladesh

Hakim_Ali (1)

Panelist

Mohammed Hakim Ali

Chief Executive Officer

Hotel Agrabad

BTB

Panelist

Abu Tahir Muhammad Zaber

Chief Executive Officer

Bangladesh Tourism Board

3 (1)

Panelist

Ms. Afsia Saleh

Managing Director Saimon Group of Industries

Vice President Association of Travel Agents of Bangladesh (ATAB)

atab

Panelist

Mr. S.N. Manzur Murshed (Mahbub)

Managing Director

Simon Overseas

bimanbd

Panelist

Shafiul Azim

Managing Director & CEO (Additional Secretary)

BIMAN Bangladesh

westin

Panelist

MR. MOHD. NOOR ALI

Chairman

Westin

Ghanshyam_nepal_ambassador

Panelist

H.E. Mr. Ghanshyam Bhandari

Ambassador

Embassy Of Nepal Dhaka, Bangladesh

FCCISL

Panelist

Keerthi Gunawardane

President

Federation of Chambers of Commerce & Industry of Sri Lanka (FCCISL )

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