BIDA makes three more additions to its One-Stop Service portal

Business
BIDA makes three more additions to its One-Stop Service portal
Investors seeking to conduct business in Bangladesh is now able to avail three more public services at the One-Stop Service (OSS) portal in the web site of Bangladesh Investment Development Authority (BIDA).

Previously, 18 information-related services were available, including 14 of the BIDA and ones of the Registrar of Joint Stock Companies and Firms, the National Board of Revenue and Sonali Bank.

The new inclusions permit verification of national identity cards via Election Commission Secretariat and issuance of both land use clearance certificates from the Chattogram Development Authority and of security clearance from Public Security Division for foreign nationals.

Processes are going on for the incorporation of 34 more dedicated services. BIDA's goal is to integrate as much as 154 services from 35 agencies, all to facilitate investment processes in the united states.

Bangladesh could not attain its financial growth target last fiscal year for the global outbreak of the novel coronavirus, said Salman F Rahman, private industry and investment adviser to the prime minister.

"But we have to progress and create the business enterprise environment for investment," he said while launching the new services on the BIDA premises in the capital's Agargaon yesterday.

The existing Awami League-led government has geared to move to a double-digit rank on the planet Bank's Ease of CONDUCTING BUSINESS index within next year.

"So, we must forge ahead keeping the prospective in mind."

The financial growth target can't be attained without foreign and domestic investment, Rahman said, adding that none could have imagined a decade back that Bangladesh's economy, export earnings and foreign exchange reserves would be what they are in present.

BIDA is working to ensure an investment-friendly environment and improve the simple conducting business status, said Md Sirazul Islam, BIDA executive chairman.

The federal government agency has signed handles 12 organisations to provide services online to investors and 10 more will observe suit, he said, while expressing hope that 150 services of 35 organisations will be available online next one year.

Md Shahid Ullah Khandaker, secretary to the housing and public works ministry; Md Shahiduzzaman, secretary to Security Services Division; and Md Alamgir, secretary to Bangladesh Election Commission, also spoke.
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