Business Desk :
Bangladesh Investment Development Authority (BIDA) has laid emphasis on reforms in 24 sectors to ensure high standard business environment for the investors in the country. The investment development authority revealed this at a ‘Post Event Workshop’ on Monday night at a hotel in the city, said a press release.
The authority organized the workshop for highlighting the implementation of the investment announcements and the recommendations for the development of an investment-friendly environment made at the International Investment Summit 2021 held in November last year. Based on the recommendations from investors at the international investment summit, BIDA will send the proposals to the Prime Minister’s Office.
Commerce Minister Tipu Munshi was the chief guest at the event, while Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahman and Prime Minister’s Principal Secretary Dr Ahmad Kaikaus were present as special guests. In his speech, Tipu said, “We have got many recommendations, including forming a time-bound action plan, from investors. We will work on those. We are now updating and modernising investment policies. The government is offering all required benefits to boost investments,” he said.
BIDA is now providing One Stop Service to investors, he noted. Salman F Rahman said the government has given top priority to domestic and foreign investments. The government has made quick arrangements for Covid-19 vaccination to keep everything normal, he added.
He informed that the government announced stimulus packages amounting to a combined fund of more than Taka 1 lakh crore to help local businesses bounce back from pandemic-induced losses. Several megaprojects, including the Padma Bridge, are nearing completion, which will further improve the country’s investment climate, the PM’s adviser noted, adding, “The launch of megaprojects will help increase foreign direct investment in our country.”
“The government is encouraging private investment in all sectors. In this case, the government is only giving policy support. Some 100 economic zones, both public and private, will provide fertile ground for investment,” Salman F Rahman pointed out. “Many complain that BIDA’S One Stop Service can be made more effective. I also agree with them. For this, it is necessary to strengthen coordination. BIDA and other relevant organisations have to come forward,” he continued.
