Business Initiative Leading Development (BUILD) and Bangladesh Investment Development Authority (Bida) joined hands to attract investment as well as simplifying the investment process, and mutual technical assistance, and ensure an up-to-date investment environment.
To this end, two parties signed a memorandum of understanding (MoU) on Monday at the Bida office in the city.
Bida Chairman Lokman Hossain Miah said, “Investment in business is not the same as it was 20 years ago, it now requires the application of resources and technology. Moreover, we need to fix the investment sectors.”
“Under the MoU, BUILD will henceforth act as our partner behind the scenes to attract domestic and foreign investment. We will work together to improve further the investment and business environment in Bangladesh, which will contribute to attracting more investment, creating new jobs, and boosting economic growth in the country.”
Ferdaus Ara Begum, chief executive officer of BUILD, said “We will, through joint efforts, identify business and investment issues, simplify business processes, remove barriers and regulatory
barriers, and create a technology-based modern, transparent, and investment-friendly environment.”
Nihad Kabir, Trustee Board chairperson of Business Initiative Leading Development, said “With global economic activity becoming technology-dependent, we also need to work towards a Smart Bangladesh vision.”
