BIDA finalises draft policy to utilise unused land of govt industrial units

Bangladesh Investment Development Authority (BIDA) has finalised the draft policy 2016 relating to the use of unused land or infrastructure of government industries or commercial establishments for investment and industrialisation, reports BSS.
The policy is expected to place in the next meeting of the governing board of BIDA.
"The policy has been finalised in consultation with all stakeholders and BIDA is hopeful that the unused land or infrastructure of government industries or commercial establishments for expansion of investment and industrialization," said executive chairman of BIDA Kazi M Aminul Islam during an inter-ministerial meeting held yesterday.
BIDA has been conducting a survey to identify the unused land and infrastructure of public entities after its inception. In this regard a draft policy was approved in principle in a meeting of BIDA governing body on November 9, 2017 with Prime Minister Sheikh Hasina in the chair.
In the first phase of the survey, BIDA has initially identified 1516.74 acres of unused or surplus land of 30 public industries or commercial entities. There are also 110.93 acres of surplus land of 15 public industrial units or commercial establishments that were handed over to BIDA earlier for privatization.
Meanwhile, Bangladesh Investment Development Authority (BIDA) Executive Chairman Quazi M Aminul Islam said the country has huge scopes for investment in the sectors of leather and footwear, pharmaceuticals, smart manufacturing and biotechnology, genetics, products and services.
The BIDA executive chairman said this while a three-member delegation of CDC group, a UK based financial Institution, called on him at his office in the capital. 
During the meeting, M Aminul Islam told the CDC group delegation that Bangladesh is now in a better position in the areas of commerce and investment as the government has taken some initiatives for alleviating the trade and investment environment to world class standard.
He also informed the delegation that Bangladesh is quickly implementing these initiatives for facilitating trade and investment.
The executive chairman also informed the visiting UK delegation that the commerce ministry including the BIDA is trying its utmost to promote country’s position to the double digit by 2021 which now stands at 176 in the ‘Ease of Doing Business’ index.
The CDC group delegation comprises Richard Palmer, Head of Corporate Debt and Investment Director, Dania Siddiqui, Corporate Debt Investment Executive and Rahul Shah, Debt Investment Director.
The CDC group began its journey in Bangladesh with an investment of $10 million in a private equity fund and frontier fund. The group now has investment in different employment generation companies including Ananta Apparels.
Even the UK group has invested $25 million as development assistance in the infrastructure sector including development of 3-g infrastructure of the grameenphone.

BIDA finalises draft policy to utilise unused land of govt industrial units

Bangladesh Investment Development Authority (BIDA) has finalised the draft policy 2016 relating to the use of unused land or infrastructure of government industries or commercial establishments for investment and industrialisation, reports BSS. The policy is expected to place in the next meeting of the governing board of BIDA. The policy has been finalised in consultation with all stakeholders and BIDA is hopeful that the unused land or infrastructure of government industries or commercial establishments for expansion of investment and industrialization, said executive chairman of BIDA Kazi M Aminul Islam during an inter-ministerial meeting held yesterday. BIDA has been conducting a survey to identify the unused land and infrastructure of public entities after its inception. In this regard a draft policy was approved in principle in a meeting of BIDA governing body on November 9, 2017 with Prime Minister Sheikh Hasina in the chair. In the first phase of the survey, BIDA has initially identified 1516.74 acres of unused or surplus land of 30 public industries or commercial entities. There are also 110.93 acres of surplus land of 15 public industrial units or commercial establishments that were handed over to BIDA earlier for privatization. Meanwhile, Bangladesh Investment Development Authority (BIDA) Executive Chairman Quazi M Aminul Islam said the country has huge scopes for investment in the sectors of leather and footwear, pharmaceuticals, smart manufacturing and biotechnology, genetics, products and services. The BIDA executive chairman said this while a three-member delegation of CDC group, a UK based financial Institution, called on him at his office in the capital. During the meeting, M Aminul Islam told the CDC group delegation that Bangladesh is now in a better position in the areas of commerce and investment as the government has taken some initiatives for alleviating the trade and investment environment to world class standard. He also informed the delegation that Bangladesh is quickly implementing these initiatives for facilitating trade and investment. The executive chairman also informed the visiting UK delegation that the commerce ministry including the BIDA is trying its utmost to promote countrys position to the double digit by 2021 which now stands at 176 in the Ease of Doing Business index. The CDC group delegation comprises Richard Palmer, Head of Corporate Debt and Investment Director, Dania Siddiqui, Corporate Debt Investment Executive and Rahul Shah, Debt Investment Director. The CDC group began its journey in Bangladesh with an investment of $10 million in a private equity fund and frontier fund. The group now has investment in different employment generation companies including Ananta Apparels. Even the UK group has invested $25 million as development assistance in the infrastructure sector including development of 3-g infrastructure of the grameenphone.