Millennium Post

B’desh likely to modify policy to suit Indian investors

In a bid to attract Indian investors across sectors, the Bangladesh government is likely to change its incentive policy, Kazi M Aminul Islam, Chairman, Bangladesh Investment Development Authority (BIDA), told a CII business delegation in Dhaka on Thursday.

BIDA is a high-powered department in the Bangladesh Prime Minister’s Office.

Islam also shared with the CII delegation that the PM Sheikh Hasina, who chaired the first board meeting of BIDA on Thursday, asked officials to redesign the incentive package to attract greater investments, especially from India.

“Bangladesh is working on a plan to improve its current ease of doing business to two digits in the next five years,” the BIDA chairman told the 17-member CII delegation.

The delegation is led byArun Misra, Chairman, CII Eastern Region Investment Taskforce and vice-president (Project Gopalpur), Tata Steel Ltd.

The delegation – which is on three-day a business mission from November 8-10 – comprises CEOs of prominent companies in east India, engaged in power, mining, electronics, steel, textiles, infrastructure, healthcare, engineering, skill and education, etc.
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