BIDA to formulate investment plans at divisional level

The Bangladesh Investment Development Authority or BIDA will work out investment plans at the divisional level to encourage local entrepreneurs and ensure growth at the grassroots level.

Senior Correspondentbdnews24.com
Published : 4 June 2017, 04:01 AM
Updated : 4 June 2017, 04:01 AM

On Saturday the organisation's Executive Chairman Kazi M Aminul Islam on Saturday said BIDA will look beyond big cities like Dhaka and Chittagong to promote economic growth.

“We want to take investments to the village level,” he said, speaking at a discussion at the northern Rajshahi district.

BIDA has already adopted an ambitious plan to attract investors to help the government achieve its Vision 2021 of becoming a middle income country.

It wants to improve Bangladesh’s ranking in the World Bank’s ‘ease of doing business' index , seeking to bring raise it above 100 from its current position at 176. within five years.

Major reforms aimed at helping those starting business in different sectors have been announced.

Business leaders, government officials, teachers, students, NGOs and journalists attended the Rajshahi meeting, said a BIDA statement, where the Executive Chairman announced to set up a 10 to 12-storied investment building in the town.

He said BIDA would also create an investment forum with the participation of all stakeholders. “We want to implement our investment plan taking all together,” he said.