The Role of Public Agencies in the Tourism and Hospitality Industry Investment and Development in Bangladesh

Bapon Chandra Kuri (), Sadia Afrin Ananya, Sanjoy Kumar Roy and Azizul Hassan
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Bapon Chandra Kuri: Bangabandhu Sheikh Mujibur Rahman Science and Technology University (BSMRSTU)
Sadia Afrin Ananya: Bangabandhu Sheikh Mujibur Rahman Science and Technology University (BSMRSTU)
Sanjoy Kumar Roy: Noakhali Science and Technology University
Azizul Hassan: The Tourism Society

Chapter Chapter 7 in Tourism in Bangladesh: Investment and Development Perspectives, 2021, pp 91-110 from Springer

Abstract: Abstract Boosting economic growth is one of the major Sustainable Development Goals (SDG) that prioritized the direction of sustainable tourism investment and development for a nation. This is the absolute economic goal that Bangladesh can attain by ensuring a sustainable tourism environment through Green investment and development in the tourism industry. For this purpose, Bangladeshi tourism public agencies including Ministry of Civil Aviation and Tourism (MOCAT), Bangladesh Parjatan Corporation (BPC), Bangladesh Tourism Board (BTB), Biman Bangladesh Airlines Limited update their constitutional roles, plans, and activities to boost the industry growth and GDP. These organizations are currently working on tourism-based mega projects in the coastal zone of Bangladesh to attract tourists and investors. Instead of this, these agencies should initiate a long-term sustainable incentive system that will attract both foreign and domestic investors who may invest in tourism development projects in Bangladesh. This chapter addresses how public agencies play a vanguard role in Bangladesh’s tourism industry’s investment and development.

Keywords: Public agencies; Sustainable development; Investment; Tourism; Sustainable goals (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-1858-1_7

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DOI: 10.1007/978-981-16-1858-1_7

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