Economic Reporter :
Commerce Minister Tofail Ahmed has stepped up his efforts to help the newly formed Bangladesh Investment Development Authority (BIDA) make the country investment-friendly.
On Thursday in a meeting with BIDA Executive Chairman Kazi M Aminul Islam, he said he would call an inter-ministerial meeting in April to discuss the obstacles in the way of doing business in Bangladesh.
Islam called on him at his office to present his reform plans to make Bangladesh look attractive to the investors.
BIDA earlier in January announced major reforms at various levels as it tries to lure in both local and international investments by doing better in the World Bank’s ‘ease of doing’ business ranking.
Bangladesh ranks 176th among 190 countries on the WB index. But the new state entity, which was formed by merging the Board of Investment and Privatisation Commission, plans to secure a place below 100 by 2021.
BIDA in a statement said Thursday’s meeting with the commerce minister was part of that target.
The executive chairman briefed the commerce minister about his plan. The minister “appreciated” his efforts and assured him of his support.
Commerce Minister Tofail Ahmed has stepped up his efforts to help the newly formed Bangladesh Investment Development Authority (BIDA) make the country investment-friendly.
On Thursday in a meeting with BIDA Executive Chairman Kazi M Aminul Islam, he said he would call an inter-ministerial meeting in April to discuss the obstacles in the way of doing business in Bangladesh.
Islam called on him at his office to present his reform plans to make Bangladesh look attractive to the investors.
BIDA earlier in January announced major reforms at various levels as it tries to lure in both local and international investments by doing better in the World Bank’s ‘ease of doing’ business ranking.
Bangladesh ranks 176th among 190 countries on the WB index. But the new state entity, which was formed by merging the Board of Investment and Privatisation Commission, plans to secure a place below 100 by 2021.
BIDA in a statement said Thursday’s meeting with the commerce minister was part of that target.
The executive chairman briefed the commerce minister about his plan. The minister “appreciated” his efforts and assured him of his support.
