Bangladesh attracts less foreign direct investment (FDI) as it takes comparatively longer time to start a business here compared to competing nations, according to Bangladesh Investment Development Authority (BIDA) executive chairman Lokman Hossain Miah, who recently said a committee led by the prime minister’s principal secretary has been formed to look into the matter.
“We are hopeful about the progress within the next three months," he told the February luncheon meeting on ‘Investment for Smart Bangladesh’ organised by the American Chamber of Commerce in Bangladesh (AmCham).
Vietnam offers all services within 35 days, Indonesia offers in 49 days and India in 60 days, but the same takes about six months in Bangladesh, he lamented.
Read more about Bangladesh sees less FDI as clearance to start biz takes longer: BIDA
Explore more Textiles Policy News