Land Minister Saifuzzaman Chowdhury said that various barriers in setting up industries, especially the complexity of land management, will wane down due to the one stop service and it will also be easier to take initiatives to set up Basic industries.
Lands Minister Saifuzzaman Chowdhury said this while addressing the chief guest at the inauguration of five new services through online one-stop service portal at the conference room of Bangladesh Investment Development Authority (BIDA) head office at Agargaon in the capital on Monday.
Local Government Division Secretary Mohammad Mezbah Uddin Chowdhury, Land Ministry Secretary Mostafizur Rahman PAA, Security Services Division Secretary Md Abdullah Al Masud Chowdhury and Housing and Public Works Ministry Secretary Kazi Wasi Uddin attended the opening ceremony as special guests. Bangladesh Investment Development Authority Executive Chairman Lokman Hossain Mia presided over the opening ceremony.
Saifuzzaman Chowdhury said that through the successful implementation of the one-stop service, Bangladesh has gained momentum in implementation of the election manifesto announced by Prime Minister Sheikh Hasina on industrial development. He said we have already had arrangements to do the mutation of all the existing important industrial establishments, limited companies, export-oriented industrial establishments and companies in Chittagong, Dhaka, Narayanganj and Gazipur districts in 7 days. This arrangement will be further expanded if necessary, he added.
Land Minister also said that the cost of doing business is coming down. One Stop Service has brought a paradigm shift in creating an investment-friendly environment in Bangladesh, as all the investment support services are available from the single window. In addition, reduction in the scope of corruption has encouraged investment. Land service is now easier and investment friendly than ever.
The government has taken the initiative of a one-stop service to ensure that the investors get any services, facilities, incentives, licenses, permissions, clearances, administrative coordination, or permits required for the project or venture proposed by them (investors) within the specified time for the speedy implementation of the domestic and foreign investment plans. For this, the One Stop Service Act 2018 and the One Stop Service Rules, 2020, have been enacted. Bangladesh Investment Development Authority (BIDA), under the Prime Minister’s Office, is working to implement the one-stop service.
