The government has initiated a fresh move to establish a unified Investment Promotion Agency (IPA) through merging six entities, aiming to streamline investment promotion and attract higher foreign direct investment (FDI) in Bangladesh.
Under the latest move, the Prime Minister's Office has formed an inter-agency committee to determine the next course of action to this effect.
The committee has been asked to submit its recommendations within 30 days, a senior official familiar with the development said.
The proposed IPA is to integrate several existing bodies, including the Bangladesh Investment Development Authority, Bangladesh Economic Zones Authority, Bangladesh Export Processing Zones Authority, Bangladesh Hi-Tech Park Authority, Public-Private Partnership Authority, and the Bangladesh Small and Cottage Industries Corporation."The government will take the next course of action in line with the committee's recommendations," the official said.
Bangladesh is trying to create a congenial environment for a sustainable economy and employment generation by facilitating high-quality FDI services through streamlining those agencies.
The move aims to enhance their capabilities and ensure compliance with international standards, the official added.
The immediate past interim government had finalised a policy decision to unify the country's six investment promotion agencies, aiming to create a stronger, more integrated investment management structure--pooling resources and capabilities under a single strategy to serve investors in a more responsive and coordinated way.
Body to set up investment agency with merger of six entities
FE REPORT | Published: April 19, 2026 23:33:29
Body to set up investment agency with merger of six entities
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