MCCI ORGANIZES LUNCHEON MEETING IN HONOR OF THE NEWLY-APPOINTED EXECUTIVE CHAIRMAN OF BIDA


MCCI ORGANIZES LUNCHEON MEETING IN HONOR OF THE NEWLY-APPOINTED EXECUTIVE CHAIRMAN OF BIDA

MCCI Organizes Luncheon Meeting in Honor of the Newly-appointed Executive Chairman of BIDA

Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), the oldest and the most pre-eminent trade organization in Bangladesh, organized a luncheon meeting at its Gulshan office premises on Tuesday, 01 October 2019. Mr. Md. Sirazul Islam, Executive Chairman, Bangladesh Investment Development Authority (BIDA), graced the event as the Chief Guest.

MCCI President Nihad Kabir applauded BIDA for its efforts in raising the level of investment in the country. She also praised how Bangladesh had emerged as a top-20 country in improving on the Doing Business ranking very recently. She mentioned that BIDA should ensure prompt response to the queries of the business community and that the decisions taken by them be well-coordinated across all departments. She also requested to increase the number of private sector representatives in the BIDA governing body. At the end, the MCCI President assured of their wholehearted support for all activities geared towards boosting investment in the country.   

Mr. Islam mentioned that the current age of 4IR demanded updating the rules and regulations accordingly, and one of BIDA’s mandates was to bring in policy changes, if required. The BIDA chief added that he would also emphasize on working towards reducing the cost of doing business. Finally, he sought the support and cooperation of all in improving the investment scenario of the country.

Some other topics which were raised during the discussion session were the reduction in time in the airports for on-arrival visas, the competition that Bangladesh was to face in the future, the coordination among various government departments recognizing local investors for their contributions, etc. MCCI also suggested forming a task force which would frequently interact with the private sector and potential investors.

Among others, members of Boards of Directors, Managing Directors, senior officials of different organizations, and former Presidents’ of MCCI attended the meeting.

 




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