Bangladesh Investment Development Authority

Bangladesh Investment Development Authority
বাংলাদেশ বিনিয়োগ উন্নয়ন কর্তৃপক্ষ
Logo of the BIDA
BIDA Building in Sher-e-Bangla Nagar, Dhaka
Agency overview
Formed2016 (2016)
JurisdictionGovernment of Bangladesh
HeadquartersBiniyog Bhaban, E-6/B Agargaon, Sher-e-Bangla Nagar, Dhaka
Agency executive
Parent agencyChief Adviser's Office
Websitebida.gov.bd

The Bangladesh Investment Development Authority (BIDA) (Bengali: 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

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]

References

  1. ^"BIDA Functions (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.