As you know, international money transfer companies are taking measures on Bangladesh to tap the growing business potential of remittance. US-base international companies such as MoneyGram and Western Union have been taking different actions, including expanding their networks and a number of agents and cost cuts to encourage remitters to channel money through them.

NCC Bank Ltd., an agent of MoneyGram, has recently appointed TMSS that has a countrywide network as its sub-agent to offer the services to the remittance receivers living in remote places.

Bangladesh should follow the Indian example of "NRI banking scheme" to facilitate banking for the expatriates in a bid to attract investment from the non-resident Bangladeshis (NRBs).

Obviously, there are many NRB who are now eager to invest their hard-earned money in Bangladesh. But the key obstacle in making investment here lies in the regulatory complications in the financial sector.

One of the solutions of this overwhelming problem could be to offer a special banking scheme for the NRBs in fine with the NO banking scheme for the Indians.

The scope of this sort of special banking scheme should be extended beyond the transfer of remittance, mainly for which the local banks are striving at the moment. The scheme should offer special provisions to facilitate investment, ensure quick money transfer, and provide solution to export-import related issues.

A number of Bangladeshi expatriates are interested in investing in this country when they would come back and also there are scopes for sharing their experience and expertise in business and other fields.