Shams Mahmud

businessman

Shams Mahmud is the Managing Director of Shasha Denims, a prominent denim manufacturer in Bangladesh. He recently gained media attention for his comments on the challenges faced by local entrepreneurs and investors in the country, particularly in relation to foreign investment dynamics. Mahmud highlighted the disparity in interest rates between local banks and foreign lenders, and the difficulties local investors face in securing approvals for overseas investments. He expressed concerns about the overall investment environment in Bangladesh, noting that recent increases in gas prices and political instability could deter both local and foreign investments.