Local investment increases by 27pc: BIDA chief

Staff Correspondent

5 January, 2021 12:00 AM printer

Local investment in the cuontry increased by 27 percent in 2020 compared to the last year, informed Executive Chairman of Bangladesh Investment Development Authority (BIDA) Md Sirazul Islam on Monday.

BIDA executive chairman termed the growth as the strength of entrepreneurs.

Sirazul made the comments at a meeting with newly elected Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman at BIDA head office in the city, said a DCCI press release.

DCCI senior vice president NKA Mobin, vice president Monowar Hossain and secretary general Afsarul Arifeen were also present at the programme.

During the conversation, BIDA executive chairman said despite Covid-19 situation all over the world, BIDA has kept up its communication with different investment organisations and companies online.

A mother vessel has come to Matarbari deep sea port for the first time which is a good sign for the investors and after the full operation of this port it will help reduce cost of doing business.

“Government is trying to interlink between different multimodal transportation system like road, rail and water to reduce time and cost”, he added.

He also said Padma Bridge is now a reality and it will open up scope of industrialisation in the southern part of the country.

To commemorate the birth centenary of Bangabandhu, BIDA will organise “Thousand Entrepreneurs Conclave” and “Bangabandhu Memorial International Investment Summit” this year where he requested DCCI to provide necessary cooperation. 

DCCI President Rizwan Rahman said DCCI is organizing an international business conclave to lure foreign director investment and joint ventures in the country utilizing online platform.

“For investment development, first of all we have to ensure investment-friendly environment and policies”, said Rizwan.

He also said the effective implementation of one stop service (OSS) is a key to increasing the investors’ confidence.

The more services added to the OSS, the more confidence will grow, he added.