Dhaka, Jan 24 (IANS): A two-day "Bangladesh Investment and Policy Summit-2016" began in capital Dhaka on Sunday to showcase private sector investment opportunities in Bangladesh for both local and foreign investors.

The summit focuses more on investment opportunities and will have both plenary and parallel business sessions, Xinhua quoted officials as saying.

Bangladeshi Prime Minister Sheikh Hasina on Sunday inaugurated the summit, hosted by the Prime Minister's Office (PMO), Board of Investment, BUILD (Business Initiative Leading Development) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

At the inaugural ceremony, Hasina reassured all the local and foreign investors of her government's highest level of commitment to quickly facilitate their pragmatic proposals and simplify investment procedures.

She said her government will establish the Bangladesh Development Authority to further support mega investment projects.

Hasina expressed the hope that the summit will create an opportunity for investors to know more about investment opportunities in Bangladesh.

Tauhidur Rahman Khan, a director of Board of Investment (BoI), earlier expected a total of 147 international participants from countries including India, China, Japan, Indonesia, and Sri Lanka in the summit.