US businesses want continuation of tax policy in Bangladesh: Salman F Rahman
Share on:
Time Business Report: US businesses want continuation of the existing tax policy to increase investment in Bangladesh, Salman F Rahman, prime minister's private industry and investment adviser, said today.
He made the comment after a meeting with the executive business delegation of the US-Bangladesh Business Council, held at the office of Bangladesh Investment Development Authority in Dhaka.
Senior officials from different companies, including Boeing, Excelerate, Amazon, Meta and Visa, attended the meeting.
Many foreign companies are coming forward to use artificial intelligence (AI) in the agriculture sector and they want to invest in Bangladesh, as they believe the country has investment-friendly environment, Salman F Rahman said.
Meta also wants to work in the field of AI in Bangladesh, he said.
Amazon already has business in Bangladesh and it now wants to work in export and import also, Rahman said.
Visa and Mastercard have expressed their willingness to introduce AI technology here.
"People now have to stand in line for a long time to purchase tickets for metro rail or at toll plaza. Inclusion of AI in Visa and MasterCard will bring a solution to that problem. The payment will be made through AI."
The prime minister's adviser also said he hopes the country's economy will be more stable within December this year.
The finance ministry and Bangladesh Bank are working for the reform of the banking sector and steps have also been taken to omit weaknesses of the share market, he said.
"There are challenges in Bangladesh economy. But we are capable of handling the challenges. The US dollar crisis is also minimising by the day."