BIDA to integrate 150 more services into OSS by Mar
FE REPORT | Thursday, 8 February 2024
The Bangladesh Investment Development Authority (BIDA) aims to integrate 150 more investment-related services into its virtual One Stop Services (OSS) by March.
The investment promotion agency has already incorporated 112 services onto the platform, with the goal of enhancing the investment climate in the country.
During a progress meeting at the BIDA headquarters, Biniyog Bhaban, in Agargaon, on Wednesday, BIDA Executive Chairman Lokman Hossain Miah emphasised the development of the OSS platform as a single point of entry for investors in the country.
Presently, BIDA offers 112 investment services from 37 departments through the BIDA OSS platform.
Chairman Lokman urged service providers to integrate the remaining services into the platform by March.
He emphasised BIDA's commitment to delivering the highest quality services to investors and highlighted the need for quick and efficient service provision.
Lokman mentioned that countries like Vietnam provide all required services to investors within 35 days, Indonesia in 48 days, and India in 60 days.
He stressed the need for adding services to the OSS is just the beginning, and BIDA's ultimate goal is to swiftly provide investors with the required services.
In addition, the executive chairman instructed service-providing agencies to display OSS information on their respective websites for easy access by investors.
The meeting aimed to review the progress since the last meeting in July of the previous year.
In addition, the executive chairman instructed service-providing agencies to display OSS information on their respective websites for easy access by investors.