LightCastle Partners has recently entered into a strategic agreement with Larive International (www.larive.com). Larive International is the parent of the Larive Group, a network of independent business development advisory firms in 24 high-growth markets throughout Asia, Central & Eastern Europe, Turkey and Sub-Saharan Africa.
The partnership was formally announced on 29th October at a webinar attended by senior representatives from the development, private and the public sector. Speakers stressed on the importance of attracting investments and technical know-how in Bangladesh for fostering growth, creating employment, and for tackling the potential fallout of the 4th industrial revolution.
Ambassador M. Riaz Hamidullah, Bangladesh Ambassador to the Netherlands, as the special guest, highlighted the potential for mutually-rewarding opportunities of Dutch-Bangladesh economic collaboration. “Dutch entrepreneurs, innovators and investors are increasingly engaging in South Asia. They have demonstrated track record in Bangladesh. They appreciate the depth of Bangladesh economy and our private sector. As Bangladesh’s economy surges, within global supply and value chains, the Dutch business sees significant scope to partner with Bangladeshi peers. Larive – LightCastle tie-up thus stand to complement our efforts; and contribute to uplifting Bangladesh’s standing and credential amongst international investors and facilitate market entry process for the potential Dutch investors.”
Matthias Brienen, Director, Larive International, underscored the opportunities for entering Bangladesh. “Bangladesh has been the fastest growing economy in Asia-Pacific in recent years and the country with its 167 MN inhabitants has witnessed robust growth of domestic consumption and infrastructure investments. While traditionally having a strong position in textiles and marine-related industries, a diversification of economic activities in Bangladesh is taking place, offering opportunities for foreign investors in amongst others the agro-food, FMCGs and light manufacturing sectors. Bangladesh was the last major high-growth economy in Asia-Pacific where the Larive Group was not yet represented and are excited to extend our geographical presence.”
Davinia Lamme, Managing Director, Larive International, expressed her optimism about the strategic partnership with LightCastle. “By joining forces with the LightCastle team, we are well-positioned to support our client base in this fast-growing market. Larive and LightCastle can jointly provide clients with professional services, such as business intelligence, market entry & growth strategy, M&A advisory and post-investment services in Bangladesh.”
“Having already worked with Larive on several projects in Bangladesh, we are delighted to formalize our alliance” says Bijon Islam, CEO of LightCastle. “We are thrilled about the partnership and look forward to service the increasing number of foreign investors in Bangladesh”.
Ivdad Ahmed Khan Mojlish, Managing Director, LightCastle Partners, stressed on LightCastle’s vision of inspiring businesses, boosting the economy, and changing lives. Attracting international investments remain at the core of bringing about sustainable growth for the economy.
“Attracting international investment remains the bedrock of the country’s growth plan and its push towards the middle-income graduation. For a country looking to attract investments, further simplifying the market entry regulations and rebranding the country as an attractive investment destination will pay rich dividends in the future” Zahedul Amin, Director, LightCastle Partners, mentioned during the keynote speech.
Both organizations have agreed to co-organize a series of public events in the near future for promoting investment opportunities in Bangladesh for international investors.