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Create hassle-free investment environment for NRBs: Zillur

Staff Correspondent
President Zillur Rahman yesterday asked the Expatriates' Welfare and Overseas Employment Ministry to establish strict monitoring system so that no Bangladeshi expatriates fall victim to harassment or fraudulent activities.
He also stressed the need to create a more investment-friendly environment to encourage expatriates to make investments in the country without any hesitation.
The president said this while inaugurating the 'First N R B Manpower Development and Opportunities Conference-2009' at Dhaka Sheraton Hotel. He said the hard earned money of the expatriate Bangladeshis makes immense contribution to the national economy, keeping the wheels of economy moving "Wc have to engage the money to development sector properly to take the country towards development."
The main duty of Bangladeshi embassies is to assist the expatriates, Zillur said and hoped that they would be more active in expanding their activities and co operating with the expatriates.
He also stressed the need to turn the country's huge population into skilled manpower through proper training on various fields, including information technology.
The main objective of the
three-day conference, jointly organised by Scholars Bangladesh and Human Capital Development Limited, is to identify the problems facing the Bangladeshis abroad and prepare a plan of action to resolve them.
Seminars on various topics will be held today and tomorrow where ministers, experts and expatriates will discuss how Bangladesh can seize the opportunities in the field of overseas employment and make the best use of foreign exchange.
Addressing the opening ceremony. Foreign Minister Dipu Moni said Bangladesh had largely been dependent on foreign aids in the past. "But we have been able to reduce such dependency due
to increasing remittance from the expatriates," she said, adding that the government would take steps to resolve the problems of the expatriates.
Expatriates' Welfare and Overseas Employment Minister Khandaker Mosharraf Hossain said it is time to work towards ensuring the welfare of expatriates.
The total number of Bangladeshis staying abroad is about 75 lakh, he said, adding that his ministry has a plan to raise the number to one crore in the next 5 years.
Dr Atiur Rahman, governor of Bangladesh Bank, said expatriate Bangladeshis build houses and buy lands instead of making investments in the development sector due to lack of security for their investment in the country.
"The expatriates can make investments to set up universities in order to produce skilled manpower, but we have to create scope for such activities," he added.
Despite the global meltdown, the foreign exchange reserve now stands at $7.47 billion, thanks to the robust growth of remittances, he said, adding that the country has received $9.67 million in remittance in 2008-09 fiscal.
ME Chowdhury Shameem, founder and president of ScholarsBangladesh, gave welcome address at the openingceremony.