Govt working to create ecosystem to make business much easier: Bida chairman Ashik Chowdhury | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Govt working to create ecosystem to make business much easier: Bida chairman Ashik Chowdhury

Economy

TBS Report
07 April, 2025, 02:45 pm
Last modified: 07 April, 2025, 03:43 pm

Related News

  • Trump's 35% tariff zaps Bangladesh's $8.4 billion export lifeline
  • Stocks extend rally for fourth straight week
  • Grameen Jibon: A business born from soil, memory, and the scent of home
  • Ships depart, cargo operation in full swing as Ctg port starts clearing containers
  • Uncommon native fruits return to spotlight at national fair

Govt working to create ecosystem to make business much easier: Bida chairman Ashik Chowdhury

TBS Report
07 April, 2025, 02:45 pm
Last modified: 07 April, 2025, 03:43 pm
File photo: Chowdhury Ashik Mahmud Bin Harun talks to media at a media briefing at the Foreign Service Academy in Dhaka on  Sunday (6 April). Photo: Collected
File photo: Chowdhury Ashik Mahmud Bin Harun talks to media at a media briefing at the Foreign Service Academy in Dhaka on Sunday (6 April). Photo: Collected

 

The interim government is working to make business operations much easier by creating an ecosystem, said Ashik Chowdhury, executive chairman of the Bangladesh Investment Development Authority (Bida).

"I see this year is primarily to reform and fix the investment climate and fix the many problems that a startup or an ecosystem player has in starting a business and then potentially raising funding from the global markets," he said at the opening session of the four-day long investment summit kicked off today.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"Once someone lands in Bangladesh physically and interacts with the community, interacts with the startups, interacts with our youth, the perception they had from desktop research dramatically changes," he said at the session titled Bangladesh Startup Connect held at a city hotel.

"What we need to probably continue to focus on as an investment promotion agency for the government is how do we create that bridge between the assets we have in the country and the potential liquidity that is available globally," he said.

"We are going through a very transformational time as you all know that the country has gone through a change and we do have this once in a lifetime opportunity to potentially change a lot of things that were just given for our ecosystem.

"Let's take examples – very trivial examples like trade licence, which apparently is a very big challenge for young businesses to start doing business in Bangladesh. The questions that we really need to ask is not necessarily how we streamline the trade licence process, but start from do we even need a trade license? And if we do need a trade licence, is it like a birth certificate that we give to a company only once in their lifetime and not have them go back to the city corporation every year to renew the trade licence? I am giving you a very, very trivial example, but that is how the baseline currently is. That is how low and deep we need to go to ensure that we create an ecosystem that is much easier for businesses to operate," he said.

Top News

business / Trade / BIDA Summit

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Bangladesh's delegation, led by Commerce Adviser Sk Bashir Uddin, began high-level negotiations with USTR Ambassador Jamieson Greer at 9pm Bangladesh time on Thursday (10 July). Photo: Collected from the Facebook handle of Golam Mortoza, Press Minister at the Bangladesh Embassy in the US
    No need to worry as US tariff talks ongoing: Fouzul tells biz leaders
  • Infographics: TBS
    How tender rules and a lone bidder stall a $2.5b power plant
  • Commerce Adviser Sk Bashir Uddin met USTR Ambassador Jamieson Greer at the USTR office in Washington, DC on 10 July 2025. Photo: CA Press Wing
    35% tariff: Commerce adviser meets US trade representative in Washington

MOST VIEWED

  • Graphics: TBS
    BB raises startup fund limit, drops upper age barrier
  • Workers pack undergarments at the packing section of a garment factory in Ashulia, on the outskirts of Dhaka, Bangladesh, April 19, 2025. Photo: REUTERS/Fatima Tuj Johora
    After US tariffs, jobs hang by a thread in Bangladesh's garments sector
  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • File photo of containers at Chattogram port/TBS
    US buyers push Bangladeshi exporters to share extra tariff costs
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS

Related News

  • Trump's 35% tariff zaps Bangladesh's $8.4 billion export lifeline
  • Stocks extend rally for fourth straight week
  • Grameen Jibon: A business born from soil, memory, and the scent of home
  • Ships depart, cargo operation in full swing as Ctg port starts clearing containers
  • Uncommon native fruits return to spotlight at national fair

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

12h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

15h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

15h | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

8h | Panorama

More Videos from TBS

'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

10h | TBS World
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

10h | TBS World
Will the title 'Honorable and Excellency' be abolished?

Will the title 'Honorable and Excellency' be abolished?

11h | TBS Today
July Declaration must be constitutionally recognized: Akhtar Hossain

July Declaration must be constitutionally recognized: Akhtar Hossain

11h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net