Entrepreneurs need to improve their skills to get investment in the e-commerce sector. Investing in real and promising e-commerce initiatives, the growth of e-commerce can add a new dimension to the country’s economy by utilizing these initiatives positively. Which will help build a better Bangladesh.
This was stated by the speakers at a seminar on ‘Direct Indirect Foreign Investment Prospects in e-Commerce Sector in Bangladesh’, jointly organized by Business Promotion Council and e-Cab on Sunday evening, May 30.
The chief guest at the seminar was Md. Abdur Rahim Khan, Joint Secretary, Ministry of Commerce and Coordinator, Business Promotion Council (BPC). He said Bangladesh is an excellent place for investment. There are many protections in this regard in the law of Bangladesh. The Foreign Private Investment Promotion and Protection Act explicitly address the protection of a foreign entrepreneur or investor.
Bijan Islam, CEO of Light Castle Partners, presented the keynote address at the seminar. In his presentation, the main essayist highlighted the progress in various fields of the e-commerce sector in Bangladesh and the investment scenario against it.
E-Cab Finance Secretary Mohammad Abdul Haque Anu said, “We have seen working with various financial institutions that entrepreneurs are not able to prepare investment documents. “As a result, they may not be able to present their investment despite having the right investment plan. That is why we have already taken up the Readiness program.
The seminar was chaired by Shami Kaiser, President of e-Cab. In her speech, Shami Kaiser said that at a time when e-commerce is growing in Bangladesh, domestic and foreign financial institutions should stand by them. e-Cab is ready to assist both investors and entrepreneurs in this regard. She called for the creation of an e-commerce law to bring order to the e-commerce sector.
Ashikul Alam Alam Khan, Chairman of e-Cab Investment Committee and CEO of Priyashop, addressed the function organized in collaboration with the e-Cab Investment Standing Committee. He said e-commerce is a promising sector for Bangladesh. The sector has grown by almost 300% in the last year. While some startups have come forward to work in this sector, many startups are not getting investment due to not being able to pitch their ideas.
Md. Ariful Haque, Director, Bangladesh Investment Development Authority, Craig Bristol Dixon, Co-Founder, Accelerating Asia Singapore and Zia Ashraf, Director, e-Cab also spoke on the occasion. The program was conducted by Farha Mahmud Trina, Vice Chairman of the Committee and Ruhul Quddus Chhotan, Chairman of the e-Cab Branding Standing Committee with technical assistance.
