The cabinet yesterday approved in principle the draft of “The Bangladesh Investment Development Authority Law, 2015” aimed at setting up a new authority by merging the Board of Investment (BoI) and the Privatisation Commission, reports BSS.
The approval was given at the regular weekly cabinet meeting held at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair. Cabinet Secretary M Musharraf Hossain Bhuiyan briefed reporters after the meeting. He said that once the law comes into effect, a new authority titled “Bangladesh Investment Development Authority (BIDA)” would be established abolishing together the BoI and the Privatisation Commission.
“The BIDA would help boost investment in the country and ensure efficient use of unused lands of the public sector industries,” the cabinet secretary said.
According to the draft law, he said, all officials and employees working under the BoI and the Privatisation Commission would be transferred to the BIDA.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.
Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.