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| formed = {{Start date and age|2016}}
| formed = {{Start date and age|2016}}
| jurisdiction = [[Government of Bangladesh]]
| jurisdiction = [[Government of Bangladesh]]
| headquarters = Bangladesh Investment Development Authority (BIDA) Prime Minister’s Office E-6/B Agargaon, Sher-e-Bangla Nagar Dhaka-1207
| headquarters = Biniyog Bhaban, E-6/B Agargaon, Sher-e-Bangla Nagar Dhaka-1207
| chief1_name = Vacant ([[Prime Minister of Bangladesh]])
| chief1_position = Chairman of the Governing Board
| chief2_name = [[Lokman Hossain Miah]]
| chief2_position = Executive Chairman
| parent_department = [[Prime Minister's Office (Bangladesh)|Prime Minister's Office]]
| website = {{URL|bida.gov.bd}}
| website = {{URL|bida.gov.bd}}
}}
}}

The '''Bangladesh Investment Development Authority''' ('''BIDA''') ({{lang-bn|বাংলাদেশ বিনিয়োগ উন্নয়ন কর্তৃপক্ষ}}) is the apex investment promotion agency (IPA) of [[Bangladesh]]. BIDA promotes and facilitates private investment and advocates business-friendly policies. BIDA provides regulatory services including registration, approvals and recommendations. BIDA is supervised by the Prime Minister's Office. The head office of BIDA is located in [[Dhaka]] and its divisional offices are in [[Chittagong|Chattogram]], [[Rajshahi]], [[Khulna]], [[Sylhet]] and [[Barishal]].
The '''Bangladesh Investment Development Authority''' ('''BIDA''') ({{lang-bn|বাংলাদেশ বিনিয়োগ উন্নয়ন কর্তৃপক্ষ}}) is the apex investment promotion agency (IPA) of [[Bangladesh]] under the Chief Adviser's Office. BIDA promotes and facilitates private investment and advocates business-friendly policies. BIDA also provides regulatory services including registration, approvals and recommendations.


==History==
==History==
[[File:Bangladesh Investment Development Authority (BIDA) 1.jpg|thumb|Headquarters|left]]
[[File:Bangladesh Investment Development Authority (BIDA) 1.jpg|thumb|Headquarters|left]]
The Bangladesh Investment Development Authority was formed by the government of Bangladesh on 1 September 2016.<ref>{{cite web |title=BIDA Fuctions (BIDA) |url=http://www.boi.gov.bd/site/page/fbe1aaaf-bfe8-4cac-9e5f-eee8f91998a7/BIDA-Functions |accessdate=5 April 2017 |website=boi.gov.bd |publisher=Bangladesh Investment Development Authority |language=en}}</ref> It was formed through the Bangladesh Investment Development Authority Act.<ref>{{cite news |date=8 March 2017 |title=Call to ensure One-Stop Services to draw investment |url=http://www.dhakatribune.com/business/2017/03/08/call-ensure-one-stop-services-draw-investment/ |accessdate=5 April 2017 |work=Dhaka Tribune}}</ref> The authority was formed through the merger of Board of Investment and Privatisation Commission.<ref>{{cite news |title=Commerce minister moves to help BIDA make Bangladesh investment-friendly |url=http://bdnews24.com/business/2017/03/31/commerce-minister-moves-to-help-bida-make-bangladesh-investment-friendly |accessdate=5 April 2017 |work=bdnews24.com}}</ref>
BIDA was formed on 1 September 2016<ref>{{cite web |title=BIDA Fuctions (BIDA) |url=http://www.boi.gov.bd/site/page/fbe1aaaf-bfe8-4cac-9e5f-eee8f91998a7/BIDA-Functions |accessdate=5 April 2017 |website=boi.gov.bd |publisher=Bangladesh Investment Development Authority |language=en}}</ref> through the Bangladesh Investment Development Authority Act <ref>{{cite news |date=8 March 2017 |title=Call to ensure One-Stop Services to draw investment |url=http://www.dhakatribune.com/business/2017/03/08/call-ensure-one-stop-services-draw-investment/ |accessdate=5 April 2017 |work=Dhaka Tribune}}</ref> that merged the erstwhile Board of Investment and Privatization Commission.<ref>{{cite news |title=Commerce minister moves to help BIDA make Bangladesh investment-friendly |url=http://bdnews24.com/business/2017/03/31/commerce-minister-moves-to-help-bida-make-bangladesh-investment-friendly |accessdate=5 April 2017 |work=bdnews24.com}}</ref>



The authority has a 17 member governing body with the Prime Minister of Bangladesh as the chairman and the Finance Minister as the vice chairman.<ref>{{cite news |date=2 September 2016 |title=New agency starts journey to boost investment |url=http://www.thedailystar.net/business/new-agency-starts-journey-boost-investment-1279147 |accessdate=5 April 2017 |work=The Daily Star |language=en}}</ref> As of 2017 total Indian investment registered with the authority is over 3 billion USD.<ref>{{cite news |last1=Basu |first1=Nayanima |date=23 March 2017 |title=‘Reliance, Adani keen on large-scale power projects in Bangladesh’ |url=http://www.thehindubusinessline.com/economy/policy/reliance-adani-keen-on-largescale-power-projects-in-bangladesh/article9598488.ece |accessdate=5 April 2017 |work=The Hindu Business Line |language=en}}</ref>


== Organization ==
== Organization ==
The BIDA management structure is composed of three tiers, which are:
The [[Prime Minister of Bangladesh|Prime Minister]] is the chair of the governing board of BIDA. The Finance Minister is the vice-chair. The governing board supervises the executive council, which is headed by the executive chairman (senior secretary) and made up of 6 (six) executive members.


* Governing Board
[[Lokman Hossain Miah]] has been the [[chairman|Executive chairman]] of the authority<ref>{{cite news|title=One-Stop Service within six months, says BIDA chief|work=The Financial Express|location=Dhaka|url=http://www.thefinancialexpress-bd.com/2017/03/31/65662/One-Stop-Service-within-six-months,-says-BIDA-chief|access-date=5 April 2017}}</ref> since August 23, 2022. He has been appointed to the position for three years.
* Executive Council

* Head office and divisional offices
BIDA has six wings headed by executive members (additional secretary), which are: Strategic Investment, Marketing and Communication, International Investment Promotion, Local Investment Promotion, Investment Environment Services, Investment Ecosystem. The BIDA Secretary heads the administrative wing.

=== Board of governors ===
{| class="wikitable"
|+
!Name
!Role
!Position in government
!
|-
|[[Sheikh Hasina]]
|Chairperson
|[[Prime Minister of Bangladesh|Prime Minister]]
|<ref name=":0">{{Cite web |title=BIDA - Governing Board |url=https://bida.gov.bd/governing-board |access-date=2023-09-13 |website=bida.gov.bd}}</ref>
|-
|[[Mustafa Kamal (politician)|AHM Mustafa Kamal]]
|Member
|[[Minister of Finance (Bangladesh)|Minister of Finance]]
|<ref name=":0" />
|-
|Dr. [[Mohammad Abdur Razzaque|Muhammad Abdur Razzaque]]
|Member
|[[Minister of Agriculture (Bangladesh)|Minister of Agriculture]]
|<ref name=":0" />
|-
|Dr. [[AK Abdul Momen|A. K. Abdul Momen]]
|Member
|[[Minister of Foreign Affairs (Bangladesh)|Minister of Foreign Affairs]]
|<ref name=":0" />
|-
|[[Muhammad Abdul Mannan|M. A. Mannan]]
|Member
|[[Planning Ministry (Bangladesh)|Minister of Planning]]
|<ref name=":0" />
|-
|[[Nurul Majid Mahmud Humayun]]
|Member
|[[Ministry of Industries (Bangladesh)|Minister of Industries]]
|<ref name=":0" />
|-
|[[Golam Dastagir Gazi]]
|Member
|[[Ministry of Textiles and Jute|Minister of Textiles and Jute]]
|<ref name=":0" />
|-
|[[Tipu Munshi]]
|Member
|[[Ministry of Commerce (Bangladesh)|Minister of Commerce]]
|<ref name=":0" />
|-
|[[Salman F Rahman]]
|Member
|Private Industry and Investment Adviser to the Prime Minister
|<ref name=":0" />
|-
|[[Nasrul Hamid]]
|Member
|[[Ministry of Power, Energy and Mineral Resources|State Minister of Power, Energy and Mineral Resources]]
|<ref name=":0" />
|-
|[[Sharif Ahmed (Bangladeshi politician)|Sharif Ahmed]]
|Member
|[[Ministry of Housing and Public Works (Bangladesh)|State Minister of Housing and Public Works]]
|<ref name=":0" />
|-
|[[Mohammad Tofazzel Hossain Miah]]
|Member
|Principal Secretary to the Prime Minister
|<ref name=":0" />
|-
|[[Abdur Rouf Talukder]]
|Member
|Governor of [[Bangladesh Bank]]
|<ref name=":0" />
|-
|[[Abu Hena Md. Rahmatul Muneem]]
|Member
|Senior Secretary, [[Internal Resources Division]] and Chairman, [[National Board of Revenue]]
|<ref name=":0" />
|-
|[[Lokman Hossain Miah]]
|Member
|Executive Chairman of Bangladesh Investment Development Authority
|<ref name=":0" />
|-
|[[Md Mustafizur Rahman]]
|Member
|Secretary of the [[Public Security Division]]
|<ref name=":0" />
|-
|[[Md. Abdullah Al Masud Chowdhury]]
|Member
|Secretary of the [[Security Service Division|Security Services Division]]
|<ref name=":0" />
|-
|[[Shibli Rubayat Ul Islam]]
|Member
|Chairman of the [[Bangladesh Securities and Exchange Commission]]
|<ref name=":0" />
|-
|[[Md. Jashim Uddin]]
|Member
|President of [[Federation of Bangladesh Chambers of Commerce & Industries]]
|<ref name=":0" />
|-
|[[Selima Ahmad]]
|Member
|President of the [[Bangladesh Women Chamber of Commerce and Industry]]
|<ref name=":0" />
|-
|[[Mahbubul Alam (businessman)|Mahbubul Alam]]
|Member
|President of the [[Chittagong Chamber of Commerce and Industry]]
|<ref name=":0" />
|}


== Services ==
== Services ==
{{unreferenced section|date=September 2023}}
{{unreferenced section|date=September 2023}}
BIDA is the first stop for investors exploring investment opportunities in Bangladesh. BIDA conducts active promotion of diversified investments in key strategic sectors and facilitates the entry, operation and growth of investment projects. BIDA also provides regulatory, information and aftercare services.

Following are the services offered by BIDA:

* Pre-investment information and counseling service
* Pre-investment information and counseling service
* Investor welcome service through speedier immigration
* Investor welcome service through speedier immigration
Line 161: Line 39:
== Online One Stop Service (OSS) portal ==
== Online One Stop Service (OSS) portal ==
{{unreferenced section|date=September 2023}}
{{unreferenced section|date=September 2023}}
BIDA hosts the country's first inter-operable online One Stop Service (OSS) Portal. BIDA established this platform by driving the digitization and integration of the investor services of various ministries, departments and agencies in Bangladesh. There are currently 51 services of 16 agencies available on this single-window platform.
BIDA hosts the country's first inter-operable online One Stop Service (OSS) Portal. BIDA established this platform by driving the digitization and integration of the investor services of various ministries, departments and agencies in Bangladesh.


BIDA is working to integrate over 150 services of over 40 separate investor service providers. The [[International Finance Corporation]], a development partner of BIDA, is providing technical assistance for the effective development of the OSS portal.
BIDA is working to integrate over 150 services of over 40 separate investor service providers. The [[International Finance Corporation]], a development partner of BIDA, has provided technical assistance for the effective development of the OSS portal.


==References==
==References==

Revision as of 04:58, 2 October 2024

Bangladesh Investment Development Authority (BIDA)
Agency overview
Formed2016; 9 years ago (2016)
JurisdictionGovernment of Bangladesh
HeadquartersBiniyog Bhaban, E-6/B Agargaon, Sher-e-Bangla Nagar Dhaka-1207
Websitebida.gov.bd

The Bangladesh Investment Development Authority (BIDA) (Template:Lang-bn) is the apex investment promotion agency (IPA) of Bangladesh under the Chief Adviser's Office. BIDA promotes and facilitates private investment and advocates business-friendly policies. BIDA also provides regulatory services including registration, approvals and recommendations.

History

Headquarters

BIDA was formed on 1 September 2016[1] through the Bangladesh Investment Development Authority Act [2] that merged the erstwhile Board of Investment and Privatization Commission.[3]


Organization

The BIDA management structure is composed of three tiers, which are:

  • Governing Board
  • Executive Council
  • Head office and divisional offices

Services

  • Pre-investment information and counseling service
  • Investor welcome service through speedier immigration
  • Registration/approval of foreign, joint-venture and local projects
  • Registration/approval of branch/liaison/representative offices
  • Work permit approval for the foreign nationals
  • Approval for remittance of royalty, technical know-how and technical assistance fees
  • Facilitating import of capital machinery & raw materials
  • Approval of foreign loan suppliers’ credit, PAYE scheme etc.
  • Facilitation for utility connections
  • Assistance in obtaining industrial plots

Online One Stop Service (OSS) portal

BIDA hosts the country's first inter-operable online One Stop Service (OSS) Portal. BIDA established this platform by driving the digitization and integration of the investor services of various ministries, departments and agencies in Bangladesh.

BIDA is working to integrate over 150 services of over 40 separate investor service providers. The International Finance Corporation, a development partner of BIDA, has provided technical assistance for the effective development of the OSS portal.

References

  1. ^ "BIDA Fuctions (BIDA)". boi.gov.bd. Bangladesh Investment Development Authority. Retrieved 5 April 2017.
  2. ^ "Call to ensure One-Stop Services to draw investment". Dhaka Tribune. 8 March 2017. Retrieved 5 April 2017.
  3. ^ "Commerce minister moves to help BIDA make Bangladesh investment-friendly". bdnews24.com. Retrieved 5 April 2017.


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