Banks asked to open help desks to boost FDI
Bangladesh Bank yesterday asked all banks dealing in foreign currencies to set up at least one dedicated help desk in their Dhaka and Chittagong head offices with competent officials to help potential foreigners in making productive investment.
The banks were given 30 days beginning yesterday and asked to inform the foreign exchange investment department of the central bank.
The banks can play a vital role with their proactive guidance and the regulatory framework was adopted in line with the government placing high priority on attracting and boosting foreign direct investment (FDI). FDI inflow stood at $652.59 million during January-March this year, according to the central bank data.
It includes contributions from economic zones, areas designated for industrial units and with special economic regulations providing entrepreneurs various benefits.
The government plans to develop 100 such zones by 2030 on 75,000 acres of land to create jobs for one crore people and produce goods and services worth $40 billion.
Bangladesh Economic Zones Authority has so far awarded licences to eight local private companies to set up 10 economic zones.
AK Khan and Company, Abdul Monem Ltd, Bay Group, Aman Group, Maisha Group and United Group were each awarded one licence while Meghna Group and Bashundhara Group two.
The government itself is also setting up four economic zones -- Mirsarai economic zone in Chittagong, Mongla economic zone in Bagerhat, Srihatta economic zone in Moulvibazar and Sabrang tourism park in Cox's Bazar.
News:Daily star/20-jul-2017Other Posts
- WB for building smart city in Dhaka's east
- Mahbuub ul Alam new AMD of IBBL
- BB starts discussions with banks on boosting remittance inflow
- Dollar sinks on Trump healthcare blow
- Safiul Alam Khan Chowdhury, Additional Managing Director of Pubali Bank Limited, inaugurating a workshop on "AML, ICC, Foreign Remittance, Sanction Screening, Ethical Banking and FATCA" at its head office recently. General Manager and RM of Dhaka Central
- Mamun-Ur-Rashid, Managing Director of Standard Bank Limited, inaugurating a five day- long course on "Capacity Building for Credit Operation" at its Training Institute recently. Among others, Md. Zakaria, Principal and Md. Amzad Hossain Fakir, Faculty of
- ADB approves $526m to further boost infrastructure in BD
Comments