Govt moves to unify Bida, Beza, Bepza under single entity: Commerce minister
As part of the reforms, the government plans to introduce provisional licences valid for 12 months for six essential approvals, including fire service, DIFE and chamber memberships, allowing entrepreneurs to begin operations without delay, he said.
The government is moving ahead with a plan to bring the Bangladesh Investment Development Authority (Bida), Bangladesh Economic Zones Authority (Beza) and Bangladesh Export Processing Zones Authority (Bepza) under a single umbrella entity to streamline the investment ecosystem and improve coordination among investment-related institutions, Commerce Minister Khandakar Abdul Muktadir said yesterday (12 May).
"The government has undertaken a series of regulatory reforms aimed at reducing the cost of doing business, simplifying business entry and accelerating Bangladesh's transition towards a trillion-dollar economy," he said while disclosing the plan during a call-on meeting with a delegation from Business Initiative Leading Development (BUILD), according to a press release.
As part of the reforms, the government plans to introduce provisional licences valid for 12 months for six essential approvals, including fire service, DIFE and chamber memberships, allowing entrepreneurs to begin operations without delay, he said.
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