Authorities are going to formally inaugurate the one-stop service (OSS) to make Foreign Direct Investment (FDI) much easier, said a Bangladesh Export Zone Authority (BEZA) executive official in a program in the city on Saturday afternoon.
BEZA executive member Harunur Rashid in a plenary session on ‘Investment Bangladesh-FDI Opportunities’ organized by the Dhaka Chamber of Commerce and Industry in the city said “BEZA, Bangladesh Investment Development Authority (BIDA), Bangladesh Export Processing Zones Authority (BEPZA) and Hi-Tech park authorities would come under one umbrella through Central OSS Centre headed by the BIDA and BEZA chiefs.”
All procedures of the service have been completed and the service would be formally inaugurated in December, he added. But, earlier this year, BIDA had told the media that the service would be available from June this year.
The government decided to initiate the OSS services in response to investors’ complaintsonthe cumbersome service procedures and unnecessary delays in getting their businesses rolling in Bangladesh.
Kazi M Aminul Islam, executive chairman of BIDA and chair of the session said “in spite of all economic indicators giving projection of a robust economy, the FDI in the country is not at expected level. There must be some reasons and that the country needs to identify and solve it as soon as possible.”
While exploring opportunities in the country, Naser Ezaz Bijoy, Standard Chartered BankCEO to Bangladesh said “the major sectors where these investments could be made are – power and energy, light engineering sector, food and agriculture, ICT sector and foreign portfolio Investment (FPI).”
The opportunities in the country for foreign investors must be expressed properly, he added.
