‘Investment-friendly atmosphere prevails in country’ | 2017-03-16 | daily-sun.com

‘Investment-friendly atmosphere prevails in country’

Staff Correspondent     15th March, 2017 09:44:04 printer

Finding huge scope of investment in the country’s economic zones, speakers at a seminar on Wednesday observed that an investment-friendly atmosphere is prevailing in the country.


They said that planned 100 economic zones will not only create employment, but also fetch US$40 billion additional export.


Dr Kamal Abdul Naser Chowdhury, principal secretary at the Prime Minister’s Office, Nojibur Rahman, National Board of Revenue chairman, Suraiya Begum, senior secretary at Prime Minister’s Office, Paban Chowdhury, executive chairman of BEZA, Abdul Matlub Chowdhury, FBCCI president, and Md Siddiqur Rahman, BGMEA president, attended the seminar held at a city hotel yesterday.


Bangladesh Economic Zone Authority (BEZA) organised the seminar on attracting investment in the country.


In his speech, Kamal Abdul Naser Chowdhury said BEZA has been working for developing a sound automated system of ‘one-stop-services’ (OSS) to provide best service for the investors.


All public and private economic zones will have the one-stop-service desk which will be connected with the main OSS centre located at BEZA headquarters, he added.


Nojibur Rahman said NBR is providing all sorts of support for BEZA in formulating an investment-friendly tax pattern for the investors to develop economic zones, or to set up unit industry.


“We have already issued Bangladesh Economic Zones Warehousing Station Rules, 2015 for declaring all economic zones as bonded warehousing stations and under this system the unit investors will import raw materials without paying import duty and VAT”, he said.


Location, connectivity and utility services are three significant attributes to determine the success or failure of an economic zone, said Suraiya Begum.


“While approving the zones in the meeting of BEZA governing board, the presence of sea, air or landport, well developed road network, telecommunication system, etc were considered thoroughly so that the zone can offer an easy access to the local and global markets to the producers”, she added.