Written by The Banking Post
Bangladesh Investment Development Authority (BIDA) has introduced major organizational reforms to align its structure with the investment process, ensuring faster and more coordinated support for investors.
BIDA Executive Chairman Ashik Chowdhury said, “Unlike ordinary government offices, BIDA is a specialized agency. Its main responsibility is to respond swiftly to investors’ needs. The global investment environment is changing rapidly, and BIDA must evolve to keep pace.” He added that the reforms are the result of long-standing suggestions from both domestic and foreign stakeholders.
Speaking at a briefing on the “Reorganized Organizational Structure” held today (Sunday, November 2) at BIDA’s Multipurpose Hall, he highlighted the scale of the changes.
Key Changes in the Investment Structure
BIDA’s new structure has been designed around the investment life cycle to ensure that investors receive integrated support at every stage, from planning to implementation.
The reforms are part of the government’s 32-point investment environment action plan, which aims to make Bangladesh a more competitive and attractive destination for local and foreign investors.
Notable aspects of the new structure include:
- Executive member positions are now open to professionals from the private sector, previously reserved for administrative cadres.
- The Research & Policy and Investment Promotion branches have been separated into distinct units.
- A dedicated desk for expatriate investors is being established.
- Sector-specific experts and relationship managers will be appointed to provide tailored support.
Roadmap for an Integrated Investment Framework
A high-level national committee is currently working on a roadmap to integrate all investment promotion agencies (IPAs) in the country. This will allow investors to access all necessary services from a single platform, replacing the fragmented system currently in place.
BIDA has already begun implementing the new structure, with detailed information to be published soon on its official website.
