BIDA restructuring to ensure proactive investor service

Bangladesh Investment Development Authority (BIDA), the apex investment promotion agency of the Government of Bangladesh, has undertaken a major internal reform to restructure its organisation in alignment with the investor lifecycle, reports BSS.

The restructuring is aimed at ensuring proactive investor service, clearer roles and responsibilities, measurable key performance indicators (KPIs) and more streamlined services, said a press release issued on Sunday.

It is a key component of the broader 32-point investment climate reform agenda aimed at enhancing Bangladesh's competitiveness as a destination for foreign and domestic investment.

As part of the reform, BIDA has introduced dedicated wings that correspond directly to the different stages of the investor lifecycle: Investment Promotion for attraction and entry; Research & Policy for policy support and advocacy; Operations for investor onboarding, expansion, and retention; Digital Development for modernization of the investment service ecosystem.

BIDA’s Executive Chairman Ashik Chowdhury, said: "BIDA will evolve in form and function to meet the demands of a dynamic investment landscape. As a specialised agency, it must go beyond traditional administrative models and reflect the responsiveness required to serve today's investors. This has been a long-standing recommendation from our local and foreign stakeholders, and we are finally responding."

Under the new structure, several significant changes have been introduced.

These include private sector professionals and BIDA's own officials can now become BIDA Executive Members, which was earlier only reserved for admin cadre; dedicated branches for Research & Policy and Investment Promotion; specialised desk to support diaspora investors and recruitment of sector specialists and relationship managers to help investors navigate the regulatory landscape.