LightCastle enters in a Strategic Partnership with Larive International

LightCastle Analytics Wing
October 29, 2020
LightCastle enters in a Strategic Partnership with Larive International

LightCastle Partners has recently entered into a strategic agreement with Larive International ( 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 public sector. Speakers stressed 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, the special guest, highlighted the potential for mutually-rewarding opportunities for Dutch-Bangladesh economic collaboration. “Dutch entrepreneurs, innovators, and investors are increasingly engaging in South Asia. They have demonstrated a track record in Bangladesh. They appreciate the depth of Bangladesh’s 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 stands 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.”

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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, 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 to promote investment opportunities in Bangladesh for international investors.

WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

For further clarifications, contact here: [email protected]

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