 signed Memorandums of Understanding (MoUs) with 11 service-providing institutions on Monday. This integration with BIDA’s One-Stop Service (OSS) portal aims to facilitate a more transparent and hassle-free environment for both domestic and foreign investors.){kind=link}
In a significant move to streamline the investment process in Bangladesh, the Bangladesh Investment Development Authority (BIDA) signed Memorandums of Understanding (MoUs) with 11 service-providing institutions on Monday. This integration with BIDA’s One-Stop Service (OSS) portal aims to facilitate a more transparent and hassle-free environment for both domestic and foreign investors.
The newly added institutions include four major commercial banks—Rupali, Dhaka, Bank Asia, and Bengal Commercial Bank—along with seven city corporations, including Gazipur, Narayanganj, and Rajshahi. BIDA Executive Chairman Chowdhury Ashik Mahmud Bin Harun emphasized that the goal is to eliminate redundant data submission across government agencies, enabling entrepreneurs to access all necessary services through a single login. Currently, the OSS platform hosts 142 services from 47 agencies and has processed over 215,000 applications since its inception.