The government is working to create a more pro-business environment for investors, Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Ashik Chowdhury said on Monday.
“We have a once-in-a-lifetime opportunity to potentially transform many aspects of our business ecosystem,” he said while speaking at a session titled ‘Bangladesh Startup Connect’, part of the four-day investment summit being held at the Intercontinental Hotel in the capital.
Ashik emphasized the continued importance of BIDA’s role as an investment promotion agency.
“It is up to the government to figure out how to build a bridge between the assets we have within the country and the global liquidity that is available,” he added.
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Citing an example, he pointed to the challenge of obtaining a trade license -a seemingly simple issue that poses significant barriers for startups in Bangladesh.
“We need to ensure that we are building an ecosystem where it is much easier for businesses to operate,” the BIDA chief said.