Economic Reporter :
Bangladesh is expecting an overspill of its Foreign Direct Investment (FDI) flow after launching a virtual one-stop service center that will help foreign companies to get all legal permissions as well as connections of utilities in fastest possible time from a single window.
“We are expecting remarkable high flow of the FDI after launching the one-stop center within six months as under the new web-based system, a medium sized industry or company can start its operation in Bangladesh with six to nine months from its application,” Bangladesh Investment Development Agency (BIDA) Executive Chairman Kazi M Aminul Islam told the media.
The BIDA chief said they have already started the one-stop-service as test basis and now an investor whether local or foreign needs to fill up only one application to get permission to do business here as well as to get all kind of utilities connections.
“Currently, a company is getting power connections in 28 days and the construction permit by 60 days under the one-stop-service, which was previously 400 days and 269 days respectively,” he said.
Bangladesh is expecting an overspill of its Foreign Direct Investment (FDI) flow after launching a virtual one-stop service center that will help foreign companies to get all legal permissions as well as connections of utilities in fastest possible time from a single window.
“We are expecting remarkable high flow of the FDI after launching the one-stop center within six months as under the new web-based system, a medium sized industry or company can start its operation in Bangladesh with six to nine months from its application,” Bangladesh Investment Development Agency (BIDA) Executive Chairman Kazi M Aminul Islam told the media.
The BIDA chief said they have already started the one-stop-service as test basis and now an investor whether local or foreign needs to fill up only one application to get permission to do business here as well as to get all kind of utilities connections.
“Currently, a company is getting power connections in 28 days and the construction permit by 60 days under the one-stop-service, which was previously 400 days and 269 days respectively,” he said.
