A rally organized by Awami League in a southern divison Jessore tuned into human sea where the party president Sheikh Hasina began her electoral bid as the next national election is slated for early 2024. In her address to the rally, the party chief exposed the reign of unbridled corruption unleashed during the last rule by the opposition alliance led by Bangladesh Nationalist Party (BNP), urging countrymen to stand for her party in the upcoming election. Centering her visit, supporters and leaders in their hundreds streamed into the venue with a pledge to reach out masses in support of their leader and vowed to work for their leader’s call to bring betterment for countrymen. Over the course of last thirteen years with Honourable Prime Minister (HPM) Sheikh Hasina at the helm, the youngest nation in South Asia witnessed a steady growth in human development indicators, while rolling out of a host of social safety net schemes resulted in turning around lives of millions.
The burgeoning consumer class along with ambitious local champion firms across industries that demonstrate the traits of being globally winning companies are set to make Bangladesh a trillion-dollar economy in the next one or two decades, forecasts global management consultant Boston Consulting Group (BCG). Bold ambitious vision, focus on continuous transformation, better customer outcome through personalisation, social impact, improved productivity, a shift from process excellence to product innovation, and strategic international expansion for creating globally-recognised brands are among the keys that should let the rapidly growing, low-debt, emerging local champion firms lead Bangladesh economy's way to a developed one by 2041, the BCG pointed out in its November 2022 report titled "The Trillion-Dollar Prize: Local Champions Leading the Way". Of its study of 2,400 firms globally, the BCG included 15 Bangladeshi emerging local champions having at least $300 million in annual revenue who are at the forefront of corporate transformation.
The remittance inflow witnessed a moderate growth and stood at around $7.19 billion in first four months of the current fiscal year 2022-23, up about two percent compared to the corresponding period of the previous fiscal, according to Bangladesh Bank data. Expatriates sent a total of $8.25 billion in four months and 18 days of the current fiscal. Remittances stood at $2.09b in July, $2.04 billion in August, $1.54 in September and $1.52 billion in october in the current fiscal year 2022-23. This real and measurable gains in remittances largely been attributed to opening up new markets, let alone arrangement of training for producing skilled manpower, thanks to prudent leadership put in place by HPM Sheikh Hasina over the space more than a decade.
HPM Sheikh Hasina inaugurated the commencement of commercial production at 14 industrial units while also announcing the establishment of 29 others in public and private economic zones to encourage planned industrialisation in Bangladesh. Entrepreneurs of the 43 factories have already invested $1.57 billion of their proposed investment of $3.8 billion in various economic zones under the Bangladesh Economic Zones Authority (Beza). The premier also inaugurated seven infrastructure development projects and laid the foundation stones of numerous units at two economic zones to mark the golden jubilee of Bangladesh's independence. In 2015, the government set an ambitious target of setting up 100 economic zones in the next 15 years to create 10 million jobs and export $40 billion worth of goods and services.
HPM Sheikh Hasina invited Singaporean investors to set up factories in Bangladesh's special economic zones with a focus on setting up agro-processing industries in these special economic zones. She placed the call when Singapore's Minister for Transport and Minister in charge of Trade Relations S. Iswaran called on her at her official residence. In response to her call, Singapore's minister expressed his country's eagerness to work together with Bangladesh on sustainable and renewable energy alongside exploring new areas of cooperation. During the meeting they discussed about the 50 years of diplomatic relations between the two countries.
Envisaged and implemented under HPM Sheikh Hasina’s leadership, twelve private economic zones in Bangladesh have received good responses from investors drawing investment proposals involving $4.27 billion from local and foreign entrepreneurs in the past six years. At least 70% of the sum has already been invested in the zones, set up as part of the government initiative to establish 100 economic zones across the country as it looks to accelerate industrialisation, create jobs and cut poverty. According to latest media reports, the commercial production at more than 20 industrial units in the private economic zones has been rolled out, yielding goods export, according to media reports.

23, Bangabandhu Avenue, Dhaka-1000. Bangladesh.

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