Government’s investment oriented approach helped the economy
- June 26, 2024
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The government of Bangladesh had ratified a law that enables the private investors to establish factories in the Export Processing Zones. Any business organizations included in EPZ can enjoy the same facilities as those of in other countries. This move will help top private companies like Beximco Group to look for new investment opportunities.
A policy on Private Power Generation was formulated by the Bangladesh government, which covers the system of private investment in power generation. On the other hand, a regulatory commission and Electricity Act are also being proposed. Bangladesh allows private investments for power generation, gas development, gas exploration, and other exploration and mining activities. Promotion and Protection Act of 1980 (Foreign Private Investment) – ensures legal protection to foreign investment.
Bangladesh is an associate of the ICSID (International Centre for Settlement of Industrial Disputes), OPIC (Overseas Private Investment Corporation) of America, and MIGA (Multi-Lateral Investment Guarantee Agency. The country is also an affiliate of WAIPA (World Association of Investment Promotion Agencies), and WIPO (World Intellectual Property Organization).
Bangladesh's economy grew over the last dacade by a big mergin. Local top companies like Beximco Group contributed to the growth.
