Prime Minister Tarique Rahman on Wednesday said the government has taken a series of measures to simplify the investment process in a bid to attract both local and foreign investment.

“There is no alternative to restoring economic discipline for national development. As part of this, the government has taken several significant steps through the Ministry of Commerce and related departments to simplify the investment process for attracting domestic and foreign investors,” he said.

The Prime Minister said this while replying to a starred question from ruling party lawmaker Md Mobasher Alam Bhuiyan (Cumilla-10) in the House.

“We will create an environment where everyone can do business smoothly and generate employment. We are trying to design this year’s budget accordingly,” he said.

Tarique Rahman said now the import and export registration process is entirely completed online, ensuring faster services.

He said the “Export Policy” has already been updated to create an investment-friendly environment. Besides, the work on updating the “Import Policy Order 2026-2029” is under process so that foreign investors can easily enter the Bangladesh market.

The Prime Minister said effective steps have been taken to remove all types of non-tariff barriers in export-oriented imports. “To simplify import procedures, payment systems are being relaxed,” he said.

He said the government has also initiated major structural reforms to remove institutional complexities for investors.

Tarique Rahman said an initiative has been taken to merge the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), Public-Private Partnership Authority (PPPA) and Bangladesh Hi-Tech Park Authority to improve efficiency and reduce bureaucratic delays.