BIDA chief invites Nordic investment

FE Report | Monday, 7 October 2019

Executive Chairman of Bangladesh Investment Development Authority (BIDA) Md Sirazul Islam has invited more investment from Norway, Sweden and Denmark.
He made the call during a meeting with the Ambassadors of three Nordic countries in Dhaka at his office in the capital on Sunday.
In response, Norwegian Ambassador in Dhaka Sidsel Bleken, Sweden's Charlotta Schlyter and Denmark's Winnie Estrup Petersen expressed their interest in the activities of BIDA.
The Ambassadors also offered working closely with the BIDA to promote more investment in Bangladesh, according to a statement.
Welcoming the envoys, the BIDA chief said Bangladesh has been implementing different programmes to achieve the Sustainable Development Goals (SDGs) under the leadership of Prime Minister Sheikh Hasina.
"The country has been achieving a remarkable socio-economic development in the recent years," he said, adding that the country registered a GDP growth of 8.13 per cent in the last fiscal year which is likely to increase further in the coming days.
The BIDA executive chairman also said Bangladesh has made a noteworthy progress in the World Bank's 'ease of doing business' index as the country has been ranked among the top 20 improvers this year.
"BIDA's online One-Stop Service (OSS) now provides the investors with 20 services, which will increase to 50 by this year," he said.
He also mentioned about various reforms like easing online visa and work permit to facilitate foreign investment in Bangladesh.
Ambassador Sidsel Bleken highlighted the Norwegian investment in Bangladesh's telecom sector. He also sought BIDA's support to invest in Bangladesh's different sectors.
Ambassadors Charlotta Schlyter and Winnie Estrup Petersen discussed about the investment facilitation, ease of doing business index and infrastructure development in Bangladesh.

[email protected]