Follow Ahmad, Tajuddin (1925-1975) lawyer, politician, and the first Prime Minister of Bangladesh. Tajuddin Ahmad was born on 23 July 1925 at village Dardaria...
Foreign Investment Facilities in Bangladesh
A lot of foreign investment opportunity. Recently, the Bangladesh government and private investment to create a more open and competitive environment in the domestic and international trade and investment policies has several reforms.
Stable political environment conducive to investment and sustainable development of the country predominates.
Because of the strong interest from the private sector, Bangladesh is fast establishing a market economy and restructuring programs. Meanwhile, in a medium quality but balanced economic growth. Production and distribution of the assets of the foundation of economic policy in a competitive market economy and private sector confidence in the financial system to remove the restrictive. The government’s involvement in every step of the industrial and infrastructure sectors and promoting private sector participation are removed.
Economic policies, the government plans to reform the fast, precise and open to all the policy. The catalytic role of government, and not at all to the controller. Controls and constrains have been reduced to a minimum. The government has steadily liberalized its trade regime. Duty-free trade, to determine the logistical duties and export growth has been achieved benefits. Various aspects of the structure and the import policy in the industry has been the most important.
Inefficiency of state-owned industrial and commercial enterprises, and changing market trends and consumer misuse of resources in the hands of the government to take comprehensive action plan has forced privatization. Offering substantial opportunities for international investors have taken a different plan.
Textile, leather goods, electronic products, chemical and petrochemical, Agro-based industries, raw jute, paper, silk industry, frozen food (especially shrimp), tourism, agriculture, small industry, software and data processing, export oriented industries attract foreign investment Trying to. Also heavy and information technology industries are being invited foreign investment which will help to reduce the cost of imports to domestic.
Some of the benefits of foreign investment:
• 100 percent Direct Foreign Investment (DFI) or the Export Processing Area (EPZ), joint venture or investment outside the area,
• the purchase of shares in the company by the public through the stock exchange listed investments
• investment in infrastructure projects such as the power sector, oil, gas and mineral exploration, telecommunications, ports, roads and highways,
• Direct / Direct Purchase or government agencies to purchase shares (shares in the process of privatization,
• Private investment in EPZs.
Private export and processing industries of all types of domestic and foreign investors Investment Board is responsible for providing the services. Business investment and provide assistance to all the main goal of this board. Investment Board is headed by a head of government ministries, representatives of the Secretariat and served as a member.
To attract domestic and foreign investors in the hands of the board of various programs. Implementation of new projects with a variety of services to the investment board is going to work.
Industrialization, especially in the country’s rapid economic growth, the government has adopted a policy to attract foreign investment in the open. Bangladesh Export Processing Authority (BEPZA) to attract foreign investment in the country’s export processing area and is responsible for providing a variety of industrial establishment.
Bangladesh has managed to create a supportive environment for foreign investors and their confidence has been achieved.