New Business Opportunities through Development

Oct 29, 2017

UNDP-DCCI IMPACT Bangladesh Forum 2017

Dhaka, 29 October 2017 –  More than 150 business leaders, government officials, and UN representatives today pledged to increase their investment in the Sustainable Development Goals (SDGs) while maximizing corporate and national growth.

Today the United Nations Development Programme (UNDP) & Dhaka Chamber of Commerce & Industry (DCCI) hosted the IMPACT Bangladesh Forum 2017. The event achieved its goal: placing private sector voices at the centre of Bangladesh’s development discussion. The Forum is the one of the largest public-private events addressing the social development of Bangladesh.

UNDP Bangladesh acting Country Director Kyoko Yokosuka said, “Private sector is a key development actor in Bangladesh. They are relied-upon to create millions of jobs, provide crucial services, and contribute 77% of the investment for the Government of Bangladesh’s 7th 5 Year Plan. Yet their existing contribution to development is not monitored, neither is the extent of the business opportunities that an inclusive society represents.”  

Abul Kasem Khan, President of DCCI in his remarks said, sustainable investment will be required for achieving SDGs. Bangladesh needs around US$928 billion worth of additional resources during the next 13 years for achieving SDGs. The private sector has to be involved with greater role with new initiatives, ideas and technologies to promote employment generation and sustainable industrialization, he said. He also said that private sector businesses in Bangladesh need to adopt new direction for innovative, sustainable business models to align with SDG.

The IMPACT Bangladesh Forum 2017 featured panel discussions on building for interconnectivity to pave way for sustainability, returning investment and impact simultaneously, localising production for local consumption, and tracking private sector impact on SDGs for policy advocacy.

“This is the time for all private sector entrepreneurs to look from a different angle and incorporate sustainable development in their work. When looking at CSR of some private sector companies, I think that has started already. Also partnering with UNDP we can expand the network and exchange of good practices” said Ms. Humaira Azam, Deputy Managing Director and CRO of Bank Asia Limited.

The event was attended by the Minister of Finance, the State Minister of Finance, the State Minister for Post, Telecommunication & Information Technology, the Chief Coordinator for SDG Affairs (PMO), the Principal Secretary to the Prime Minister, business leaders, and global UN representatives.

The IMPACT Bangladesh Forum 2017 was hosted at the Radisson Blu Hotel; a global leader on responsible business practices. During the Forum, Radisson Blu Hotel shared highlights from their Responsible Business policy and committed to providing an event space for future public-private meetings.

Contact information

Linda Germanis, Innovation Hub Project Manager, UNDP Bangladesh, linda.germanis@undp.org

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