BIDA's one-stop service can help businesses save cost and time
Speakers tell DCCI workshop
FE REPORT | Thursday, 21 April 2022
Speakers at a programme on Wednesday stressed the need for popularising the one-stop service (OSS) of the Bangladesh Investment Development Authority (BIDA) to help businesses save cost and time.
Currently, 58 different services are being provided through the OSS portal which should be availed by the private sector proactively, said BIDA executive chairman Md Sirazul Islam.
He was addressing a dissemination workshop on OSS, hosted by the Dhaka Chamber of Commerce and Industry (DCCI) in its auditorium in Dhaka, as the chief guest.
BIDA executive member Mohsina Yasmin, DCCI senior vice-president Arman Haque and vice-president Monowar Hossain, among others, spoke at the programme with DCCI president Rizwan Rahman in the chair.
BIDA executive chairman Sirazul Islam says BIDA's registration and name clearance from the Registrar of Joint Stock Companies and Firms (RJSC) can now be done within 24 hours through OSS.
At present, 90-per cent BIDA services are being given in time as more than 60,000 services have been provided under the OSS in the past three years, he adds.
The BIDA can further include hundreds of services to its OSS upon demand from the private sector.
"If we can reduce time and process," Mr Islam says, "cost will automatically come down."
In his speech, DCCI president Rizwan Rahman underlines the importance of a changed mindset of businesses regarding to the use of the OSS.
He says the DCCI will work to disseminate the positive features of one-stop service to its members as well as to the business community to make it popular.
Mr Rahman also requests the BIDA to develop a promotional video tutorial on OSS and upload it on social media for better reach.
DCCI senior vice-president Arman Haque suggests the one-stop service be managed centrally like a national single window.
He urges the BIDA to add more services to its OSS with a view to reducing the cost of doing business.
"If foreign investors get the maximum benefit out of OSS, this will facilitate more FDI inflow," he opines.