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IDCOL celebrates silver jubilee

IDCOL celebrates silver jubilee | May 15, 2022 12:00:00

Fatima Yasmin, Chairman of IDCOL, along with the members of the Board of Directors and other guests cuts a cake at a programme celebrating the silver jubilee of IDCOL at a city hotel on Friday

Infrastructure Development Company Limited (IDCOL), a state-owned financial institution, celebrated its silver jubilee with a programme at a city hotel on Friday, says a press release.

Speaking on the occasion, Alamgir Morshed, Executive Director and CEO of IDCOL, said the journey of IDCOL started 25 years ago with a small team and a paid-up capital of Tk 100,000.

"At present, IDCOL's asset portfolio stands at about USD 1 billion and its paid-up capital stands at Tk 6.36 billion. IDCOL has been widely acclaimed at home and abroad for its activities," he added.

Fatima Yasmin, Chairman of IDCOL, and Secretary of Economic Relations Division, said the participation of the private sector is essential for the sustainable development of Bangladesh.

IDCOL has implemented its projects and programmes through public-private partnerships involving the private sector, which has led to this success, she said. Referring to IDCOL's future plans, she hoped that IDCOL would be able to double its asset portfolio in the next five years and expand its activities beyond the country.

Among the members of the Board of Directors, Abdur Rauf Talukder, Senior Secretary, Finance Division, Md. Tofazzal Hossain Mia, Senior Secretary, Prime Minister's Office, Md. Habibur Rahman, Secretary, Power Division, and representatives of various corporate houses participated in the event.

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