Business

Advertisement

 

BIDA adds 3 more services to its One Stop Service

Bangladesh Sangbad Sangstha . Dhaka | Published: 23:26, Aug 12,2020

 
 

The Bangladesh Investment Development Authority has added three more services to its One Stop Service Centre to provide all the necessary services for investors from a single window.

The new services are — applicants’ National Identity Card (NID) verification from the Bangladesh Election Commission’s server, security clearance from home ministry’s Security Service Division and land clearance from Chittagong Development Authority.

Prime minister’s private industry and investment affairs adviser Salman Fazlur Rahman on Wednesday formally inaugurated the services while BIDA executive chairman Md Sirazul Islam presided over the virtual event.

In his speech, Salman said that the initiative would help to achieve significant progress in the Ease of Doing Business Index of the World Bank.

‘Bangladesh will attain double digits in the global Ease of Doing Business ranking in 2021 amid the impact on the country’s economic activities, hit by the COVID-19 pandemic,’ he added.

Salman also said that although senior government officials felt the importance of the Ease of Doing Business Index for investment, the officials at the field level did not realise it.

So, they have to realise it and work cordially for the sake of the country’s development, he said.

The private sector is contributing well in the country’s economy as the government has created a favourable environment for the sector, he added.

Salman said that Bangladesh’s tax to GDP ratio was very low among the South Asian countries due to a weak tax structure.

‘We have to expand the tax net. Those who are paying taxes are under pressure but those who are able to pay tax, they do not pay it. So, tax structure should be changed,’ he added.

Sirazul Islam said that BIDA was working closely with its partners to achieve the target of delivering 150 services of 35 agencies through the OSS by 2021.

Security Service Division secretary Md Shahiduzzaman, Election Commission secretary Md Alamgir and housing and public works ministry secretary Md Shahid Ullah Khandaker spoke at the event.

BIDA is now providing 21 services through online under its OSS centre.

On February 24, 2019, BIDA launched the One Stop Service Centre for investors. The rules framed under the One-Stop Service Act 2018 make it compulsory for 25 investment facilitating

agencies and regulatory authorities to give registration, issue clearance, permits and other documents within a day to up to 45 days.

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

 

Advertisement

images