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The Father of the Nation

Bangabandhu Sheikh Mujibur Rahman

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Father of the Nation Bangabandhu Sheikh Mujibur Rahman

Annual Report 2018-19ii

Annual Report 2018-19

This report is prepared under the guidance of the Executive Chairman of Bangladesh Investment Development Authority, Prime Minister’s Office. References to and citations from this report are allowed but must be properly acknowledged.

For further information on this report, please contact:

Director (Policy Advocacy and Planning)Bangladesh Investment Development Authority Prime Minister’s OfficeGovernment of the People’s Republic of BangladeshE-6/B, Sher-e-Bangla Nagar, Dhaka-1207, BangladeshPhone-+88-02-55007241-45, Fax: +880255007238, E-mail: [email protected];www.bida.gov.bd

Published in September, 2019

Designed & Printed by Turtle 0192586536467/D, Green Road, Pantho Path, Dhaka-1205

Annual Report 2018-19 iii

C O N T E N T S

Acronyms viMap of Bangladesh viiMessage of the Honorable Prime Minister viiiMessage of the Adviser ixMessage of the Executive Chairman xExecutive Summary xi

1 Organization and Management 11.2 Vision and mission 21.3 Functions 21.4 Management structure 31.5 The new executive chairman of BIDA 41.6 Human resource 51.7 BIDA building project 51.8 Budget 61.9 Audit 61.10 Training & capacity development activities 71.11 Annual Performance Agreement 7

2 Investment Scenario 92.1 Local, joint & 100% foreign investment projects in Bangladesh 102.2 Month-wise comparison of investment 102.3 Comparative analysis of local and foreign investment 102.4 Sector-wise distribution of investment 112.5 Sources of proposed foreign investment projects 122.6 Top-10 local and foreign investment projects 122.7 Foreign Direct Investment (FDI) scenario of FY 2018-19 142.8 Employment generation 16

3 Investment Promotion and Facilitation 173.1 Provision of services to investors 183.2 Counseling 183.3 Pre and post implementation facilitation 183.4 Pre and post implementation services 193.5 Marketing and communication 203.6 Investment promotion activities 203.7 Media & publications 263.8 Bilateral & multilateral MoUs and treaties on investment promotion 26

Annual Report 2018-19iv

4 Institutional Performance of BIDA 274.1 Corporate Plan of BIDA 284.2 One Stop Service 284.3 Reform initiatives for Ease of Doing Business 294.4 Economic/Industrial Corridor Development 314.5 Use of surplus lands of state-owned enterprises (SOEs) 314.6 Entrepreneurship and Skill Development Project (ESDP) 314.7 Investment promotion at grassroots level 324.8 Monitoring 324.9 Investment aftercare 344.10 Strategic investment 345.0 Conclusion 34

Tables ivTable-1: Human resources of BIDA 5Table-2: PRL status 5Table-3: Implementation progress of BIDA building project 5Table-4: Budget in FY 2018-19 by major heads 6Table-5: Status of audit objections 7Table-6: FDI inflow (net) by major sectors in FY 2018-19 15Table-7: Employment generation opportunity from FY 2009-10 to FY 2018-19 16Table-8: Visa recommendation 19Table-9: Services extended to local, joint, 100% foreign investors 19Table-10: Services extended to joint & 100% foreign investors 20Table-11: Investment promotional activities abroad in FY 2018-2019 25Table-12: Bilateral MoUs and agreement on investment promotion in FY 2018-2019 26Table 13: Services provided through OSS platform 28Table 14: Services provided on OSS portal in FY 2018-19 29

Figures ivFigure-1: Budget distribution 6Figure-2: Monthly distribution of investment 10Figure-3: Comparison of investment projects 11Figure-4: Sector-wise distribution of investment 11Figure 5: Sources of foreign & joint venture projects in FY 2018-19 12Figure-6: Top-10 local projects in FY 2018-19 13Figure-7: Top-10 JV & 100% foreign projects in FY 2018-19 13Figure-8: Recent trend in actual FDI inflow in Bangladesh 14Figure-9: Foreign Direct Investment (FDI) inflow by component 14Figure-10: FDI inflow (net) by major countries in FY 2018-19 15Figure-11: Stock position of FDI by major countries in FY 2018-19 16Figure-12: Year-wise employment generation by foreign companies 33Figure-13: Constraints faced by local investors 33

Annual Report 2018-19 v

Annexures 35Annexure 1: Organogram 36Annexure 2: Composition of Governing Board 37Annexure 3: Addresses of head office and divisional offices 38Annexure 4: Service-wise prescribed fees and charges 39Annexure 5: Local training programs attended by officers & staff in FY 2018-19 40Annexure 6: Foreign training programs attended by BIDA Officials 41Annexure 7: Local, joint & 100% foreign projects: FY 2008-09 to FY 2018-2019 41Annexure 8: Sources of foreign & JV projects registered in FY 2018-19 42Annexure 9: List of restricted industries & list of controlled industries 43Annexure 10: High priority sectors/prioritized sectors 44Annexure 11: List of service sectors 45Annexure 12: Services provided by BIDA in FY 2018-19 46Annexure 13: Country-wise list of established liaison, branch & representative offices 47Annexure 14: Country-wise work permits issued in FY 2018-19 48Annexure 15: Seminars/workshops in Bangladesh 50Annexure 16: Double Taxation Treaties (DTTs) between Bangladesh and others countries 51Annexure 17: Bilateral Investment Treaties between Bangladesh and others countries 52Annexure 18: Trading Across Borders 53Annexure 19: Comparison of Ease of Doing Business ranking in 2018 & 2019 report 53Annexure 20: Reforms reported for Doing Business 2020 report 54Annexure 21: FDI inflows (Net) classified by major countries & major sectors in FY 2019 56

Annual Report 2018-19vi

Acronyms

ADB : Asian Development Bank IFC : International Finance Corporation

ADP : Annual Development Plan IPA : Investment Promotion Agency

APA : Annual Performance Agreement IPR : Intellectual Property Rights

BCI : Bangladesh Chamber of Industries IRC : Import Registration Certificate

BEPZA : Bangladesh Export Processing Zones Authority IT : Information Technology

BEZA : Bangladesh Economic Zones Authority JBC : Jiban Bima Corporation

BICF : Bangladesh Investment Climate Fund JICA Japan International Cooperation Agency

BITs : Bilateral Investment Treaties JV : Joint Venture

BIDA : Bangladesh Investment Development Authority Km : Kilometer

BOOT : Build, Own, Operate and Transfer KPI : Key Performance Indicator

BOST : BIDA Online Service Tracking System LP : Land Permit

BOI : Board of Investment MIC : Middle Income Country

BOT : Build, Operate and Transfer MIDA : Malaysian Investment Development Authority

BSCIC : Bangladesh Small and Cottage Industries Corporation

MNCs : Multinational Corporations

CBD : Central Business District MOPTs : Ministry of Post And Telecommunications

CCC : Chittagong City Corporation MoU : Memorandum of Understanding

CCI&E : Chief Controller of Import and Export NBR : National Board of Revenue

CEPZ : Chittagong Export Processing Zone NCBs : Nationalized Commercial Banks

CIS : Commonwealth of Independent States NCID : National Council for Industrial Development

CPA : Chittagong Port Authority NOC : No Objection Certificate

CY : Calendar Year NRB : Non-Resident Bangladeshi

DB : Doing Business OSS : One Stop Service

DEPZ : Dhaka Export Processing Zone ORS : Online Registration System

DITF : Dhaka International Trade Fair OPIC : Overseas Private Investment Corporation

DTA : Domestic Tariff Area PMO : Prime Minister’s Office

DTTs : Double Taxation Treaties PPP : Public Private Partnership

EC : Executive Council/Executive Chairman PI : Private Investor

EM : Executive Member PC : Privatization Commission

EODB : Ease of Doing Business SDG : Sustainable Development Goals

EPB : Export Promotion Bureau SEZ : Special Economic Zones

ESDP : Entrepreneurship and Skill Development Project

SOE : State Owned Enterprise

FBCCI : Federation of Bangladesh Chambers of Commerce & Industries

TRIPs : Trade Related Aspects of Intellectual Property Rights

EPZs : Export Processing Zones UNCTAD : United Nations Conference on Trade and Development

FCO : Foreign Commercial Office UNIDO : United Nations Industrial Development Organization

FDI : Foreign Direct Investment VAT : Value Added Tax

FY : Fiscal Year VOA : Visa on Arrival

GDP : Gross Domestic Product WTO : World Trade Organization

GNP : Gross National Product WP : Work Permit

GOB : Government of Bangladesh

ICSID : International Center for Settlement of Investment Disputes

IP : Import Permit

Annual Report 2018-19 vii

Map of Bangladesh

Annual Report 2018-19viii

PRIME MINISTERGOVERNMENT OF THE PEOPLE’S REPUBLIC OF

BANGLADESH

Message

I am happy to know that Bangladesh Investment Development Authority (BIDA) is going to publish its Annual Report of FY 2018-19.

The greatest Bangalee of all times, the Father of the Nation Bangabandhu Sheikh Mujibur Rahman had a long cherished dream to turn Bangladesh into a ‘Sonar Bangladesh’-- a country free from hun-ger, poverty and inequality. We have been working hard to materialize this dream. Investment is an important catalyst to transform our country into a middle-income country by 2021 and a developed one by 2041. This transformation of the economy requires massive investment from home and abroad, especially in sectors/areas that involve transfer of technology, technical know-how and encouragement of superior knowledge based on research and development.

Private investment plays an important role for the growth of major sectors such as infrastructure, agri-culture, manufacturing and services. Bangladesh is considered an ideal investment destination because of the adoption of good policies, application of best practices, revisiting of laws, reform initiatives for existing procedures and the delivery of best possible services. BIDA promotes and facilitates in-vestment activities and undertakes policy advocacy in favor of the investors. It has undertaken robust investment promotion activities at home and abroad and has been providing One Stop Service (OSS) for attracting Foreign Direct Investment (FDI). As a result in 2018-19, global FDI inflow declined by 13%, whereas Bangladesh gained a 68% over the last year.

The Awami League government has taken rigorous initiatives in building infrastructure, developing institutions and creating physical facilities like economic zones with a view of achieving the goals of the 2030 agenda for sustainable development and improving the investment atmosphere in Bangladesh. I am confident that in future both foreign and local investment will be increased in Bangladesh through these initiatives.

I appreciate BIDA for publishing its Annual Report of FY 2018-19 and hope the report will increase transparency and accountability of this authority.

I wish the ‘Annual Report of FY 2018-19’ a grand success.

Joi Bangla, Joi BangabandhuMay Bangladesh Live Forever.

Sheikh Hasina

Annual Report 2018-19 ix

Message

I am pleased to know that Bangladesh Investment Development Authority (BIDA) is going to publish its Annual Report of FY 2018-19 with a view to exhibiting Bangladesh’s investment potential.

As Bangladesh Awami League has been in power for ten successive years, it has been our steadfast commitment to turn Bangladesh into a developed country – the culmination of Sonar Bangla as envi-sioned by the Father of the Nation Bangabandhu Sheikh Mujibur Rahman – by 2041. For years, the government led by Hon’ble Prime Minister Sheikh Hasina has consistently prioritized economic devel-opment, formulated necessary policies and undertaken reforms, helping attain a startling 8.1% growth. Asian Development Bank has recently dubbed Bangladesh as the fastest-growing economy in the entire Asia-Pacific region. We are currently eyeing for double-digit growth, which is required to become a developed country by 2041.

The government offers an attractive package of incentives for foreign investors. It has undertaken nu-merous large scale projects to improve infrastructure. Bangladesh has so far been able to maintain a relatively comfortable debt-to-GDP ratio despite attaining steady growth. Accelerating the growth rate may require increasing debts, but it is the strategy of the government led by Hon’ble Prime Minister Sheikh Hasina to go for Foreign Direct Investment (FDI) instead. As such, we have taken numerous initiatives to attract FDI. In a clear sign of confidence in our efforts, FDI has increased 68% last year, whereas the global FDI declined by 13%.

As the principal investment promotion agency of the country, BIDA has been playing a crucial facil-itating role in attracting investment and securing reinvestment and expansion. It has been providing support services for potential investors to promote private sector-led industrialization and employment generation. In addition, BIDA currently provides a One-Stop Service and intends to turn it into a com-prehensive one-stop solution for investors. It is also collaborating with relevant ministries and agencies to improve Bangladesh’s standing in the World Bank’s Ease of Doing Business index.

BIDA’s Annual Report will provide potential investors with necessary data and insights into Bangla-desh’s business and investment environment, helping them to make the best decisions. I would like to extend my sincere appreciation for the efforts BIDA has made not just in bringing our publication but also in improving Bangladesh’s investment prospects.

Joi Bangla, Joi Bangabandhu. May Bangladesh Live Forever.

Salman Fazlur Rahman MP

ADVISER TO THE HON’BLE PRIME MINISTERPRIVATE SECTOR INDUSTRY & INVESTMENT

GOVERNMENT OF THE PEOPLE’S REPUBLIC OF BANGLADESH

Annual Report 2018-19x

EXECUTIVE CHAIRMANBANGLADESH INVESTMENT DEVELOPMENT

AUTHORITY (BIDA)PRIME MINISTER’S OFFICE

Message

The formation of BIDA as the apex Investment Promotion Agency of Bangladesh demonstrates the government’s resolve to form a strong tie with the private sector. It is a relationship that requires trust, knowledge, readiness and transparency.

BIDA’s Annual Report for the 2018-19 fiscal aims to exhibit these core values.

By publishing the report, BIDA is informing its stakeholders of the current state of investment in Bangladesh and the actions that were taken to achieve our shared development goals. In addition to that, BIDA is reporting on its management and its own performance as a key government organization.

I offer my gratitude to the Honourable Prime Minister for appointing me in the service of my country and of BIDA. As Executive Chairman, I hope our work will open new avenues for action as well as constructive discussions.

Md. Sirazul Islam

Annual Report 2018-19 xi

Executive Summary

BIDA’s Annual Report delivers a comprehensive scenario of investment activities in Bangladesh during the 2018-19 financial year. It discusses the latest facts and figures shaping private investment and the activities carried out to promote and facilitate local and foreign businesses.

As the lead agency driving regulatory reforms for an improved investment climate, BIDA has pursued a time-bound Action Plan to raise Bangladesh’s ranking in the World Bank’s Doing Business index to a double-digit by 2021. While modest improvement in ranking was made in the Doing Business 2019, a set of promising reforms aimed at encouraging private sector growth was submitted for consideration in the next report.

The launching of the online One-Stop Service has enhanced the potential of efficient and effective delivery of investor services. Since the launch, 18 e-payment and data-sharing enabled G2B services were made available for investors and efforts were continued to provide as many as 154 services from 35 agencies through the single window.

During the fiscal, BIDA registered a total 1,368 local, joint venture and 100% foreign-owned projects that proposed total investment worth US$ 13,434.71 million and the creation of 167,902 jobs. Local investors were mostly attracted to the chemical, textile and service sectors, while foreign investors and joint collaborators engaged in miscellaneous sectors and the agro industry. The power sector received the biggest portion of FDI in FY 2018-19 and China topped the list of contributors in net FDI inflow.

BIDA has taken several measures for creating investment opportunities by both hosting and participating in promotional events and high-powered business delegations. It also launched the Entrepreneurship and Skill Development Project (ESDP), drafted a Strategic Action Plan for developing Industrial Corridors as well as a draft policy for using surplus land by government enterprises. A corporate plan was also drafted with a vision to improve BIDA’s systematic operations. BIDA officials have also participated in various local and overseas training initiatives to enhance their competitive capacities.

In its regulatory activities, BIDA has focused on seamless facilitation of businesses and potential investors. In FY 2018-19, BIDA issued 4,836 work permits and approved 6,308 visa recommendations, 186 cases of remittance, foreign loans worth US$4097.7 million besides providing 1,733 IRC recommendations, 332 import permits and 244 capital machinery clearances. BIDA officials have provided counseling to 662 investors.

The diverse activities of the last fiscal have elevated BIDA to a higher trajectory and provided a clearer understanding of the road ahead. By reflecting on the lessons learned from previous activities, BIDA hopes to make stronger contributions to the national goals and exhibit practices that create better opportunities for all its stakeholders.

Annual Report 2018-19xii

Annual Report 2018-19 1

CHAPTER 1ORGANIZATION AND MANAGEMENT


ORGANIZATION AND MANAGEMENT

Bangladesh Investment Development Authority (BIDA) is the apex Investment Promotion Agency (IPA) of the Government of Bangladesh. BIDA’s mandate is to create an encouraging investment regime for attracting local and foreign investment in the private sector.

BIDA was established on September 1, 2019 through the Bangladesh Investment Development Authority Act 2016, which unified the erstwhile Board of Investment (BOI) and the Privatization Commission (PC).

The major functions of BIDA are performed in its head office located in capital Dhaka, while the regional offices provide services at the five out of Bangladesh’s eight administrative divisions. The Executive Chairman of BIDA administers authority through the various wings and directorates of the agency (See Annexure-1).

BIDA is placed under the supervision of the Prime Minister’s Office to reflect the government’s vision that assigns high priority to private sector development in ensuring economic development.

Furthermore, the Honorable Prime Minister guides the Authority for achieving objectives narrated in the BIDA Act. Thus, BIDA enjoys the status of the top-ranking promotional agency of Bangladesh. Assigned with a demanding responsibility, the Authority endorses integrity, innovation, passion, team work and service orientation as its core values.

1.2 VISION AND MISSION

The thoughtfully chosen vision and mission statement will propel the efficiency and productivity of BIDA to achieve both national and agency goals, objectives and targets. The vision and mission statement are as follows:

Vision

BIDA aspires to be a leading partner in achieving Bangladesh’s development and economic goals.

Mission

BIDA promotes and supports pro-growth private sector investment and fosters the improvement of the investment climate.

1.3 FUNCTIONS:

The Act entrusted BIDA with 16 functions. Broadly, these functions can be categorized as the following fundamental tasks:a. Investment promotionb. Investment facilitationc. Policy advocacy

However, BIDA delivers some specific services to local and foreign private investors ranging from counseling to starting business. These are:

a. Facilitate local and foreign investors to accelerate industrialization in the private sector;b. Implement government policies relating to investment in private sector industries;c. Prepare and implement investment schedule for private sector industries;


d. Prepare and implement area-schedule with special facilities for thriving industries in the private sector;

e. Register local and foreign industrial projects and commercial offices in the private sector;f. Identify new sectors and facilities for enhancing investment in the private sector and

disseminate this information both locally and internationally; g. Invent and implement specific tools and strategies for promoting private sector investment;h. Determine terms and conditions for employment of foreign workers to be employed in

commercial and industrial organizations; i. Formulate and implement policies for technology transfer and phase-wise local production in

the private sector;j. Create a data bank to collect, compile, analyze and disseminate investment and industrial data;

1.4 MANAGEMENT STRUCTURE

Investment promotion is regarded as the priority endeavor of the present government. Keeping this in consideration, a 3-tier management structure was formed to ensure outstanding performance in Bangladesh’s investment promotion activities.

The tiers are: • Governing Board • Executive Council • Head and Divisional offices

(a) GOVERNING BOARD

The Governing Board of BIDA has 17 members and is headed by the Honorable Prime Minister (Annexure-2). The Executive Chairman extends secretarial services to the Board.

(b) THE EXECUTIVE COUNCIL

The Executive Council supports the Governing Board for making policy decisions essential to promote investment. The composition is:

Executive ChairmanExecutive Member (Strategic Investment)Executive Member (Marketing & Communication)Executive Member (International Investment Promotion)Executive Member (Local Investment Promotion)Executive Member (Investment Environment Services)Executive Member (Investment Eco-system)

The Executive Chairman leads the Council. The Council meets generally every week to discuss important issues and take necessary decisions. In the fiscal year 2018-2019, the Executive Council held 20 (twenty) meetings for delivering its assigned duties.

(c) BIDA OFFICES

The head office of BIDA is located at Agargaon, Dhaka and its five (5) divisional offices are in the administrative divisions of Chattogram, Rajshahi, Khulna, Sylhet and Barishal. BIDA plans to establish two more offices in the newly-created divisions of Rangpur and Mymensingh. The addresses of BIDA offices have been listed in Annexure-3.


Md. Sirazul Islam is greeted with flowers on his first day as BIDA Executive Chairman on Sept 4, 2019.

1.5 THE NEW EXECUTIVE CHAIRMAN OF BIDA

Md. Sirazul Islam has been appointed as the Executive Chairman of BIDA by the Honourable Prime Minister Sheikh Hasina. He took the helm of BIDA on Sept 4, 2019.

He began his career in the civil service in 1983 and has since served in various capacities. He held the position of Secretary of the Ministry of Health and Family Welfare before going into retirement in October, 2017. Before that, he spent several years working as Secretary of the Election Commission.

He has worked in many other vital roles including at the Ministry of Education (1988, 2008, 2010-2011), Jamuna Multipurpose Bridge Authority (2003-2007), Tariff Commission (1994-1997) and at the Ministry of Home Affairs (1992-1993).

Md. Sirazul Islam has also headed several projects including the World Bank-funded Secondary Education Quality and Access Enhancement Project (SEQAEP), UNDP-funded Strengthening Election Management in Bangladesh (SEMB) and the DFID-funded Better Health in Bangladesh project as National Project Director.

He was also Chief Coordinator of the DG Health Coordination Centre for Forcibly Displaced Myanmar Nationals.

“The Honourable Prime Minister has bestowed great trust upon me by appointing me as the Executive Chairman of BIDA. I will work to maintain that trust,” said the BIDA chief. “BIDA has a significant role behind our country’s economic success, and in order to meet the development milestones ahead of us, it must play a proactive role.”

He studied LL.B (Hons.) and LL.M at the University of Dhaka and has an MBA degree from the University of New Orleans, USA. He also has a Graduate Diploma on Administration from the University of Canberra, Australia.


1.6 HUMAN RESOURCE

The human resources of former Board of Investment (BOI) and Privatization Commission (PC) are incorporated in BIDA. A new organogram of 409 officers and staff have recently been approved to deliver assigned functions stated in the Act. The current organogram (Annexure-1) was finalized on August 27, 2018. The new organogram makes the provision to appoint necessary staff to implement assigned tasks in an efficient manner. The Authority did not recruit any employees in the FY 2018-19. The following table shows the status of human resources up to June 30, 2019:

TABLE-1: HUMAN RESOURCES OF BIDASL NAME OF

POSITIONSAPPROVED EXISTING VACANT

MALE FEMALE TOTAL1. OFFICERS 141 40 07 47 942. STAFFS 268 140 21 161 107

TOTAL 409 180 28 208 201SOURCE: FACILITIES MANAGEMENT, BIDA

During FY 2018-2019, 6 (six) employees were granted post retirement leave (PRL). The details are given in the following Table-2.

TABLE-2: PRL STATUSSTAFF

CATEGORYPRL AMOUNT OF PENSION BENEFIT PAID (IN

TAKA)MALE FEMALE TOTALClass I - - - -Class II - - - -Class III 05 - 05 23,54,424.00Class IV 01 - 01 3,28,080.00

Total 06 - 06 26,82,504.00SOURCE: PAYMENT BILL AND REGISTER, FINANCE, BUDGET AND AUDIT, BIDA

1.7 BIDA BUILDING PROJECT

The continued importance of investment promotion functions convinced the government to set up a permanent facility for BIDA. In June 2011, the Honourable Prime Minister laid down the foundation stone for a 12-storied building with 35,598.21 sq. meter floor area. This development project proposal (DPP) was revised on January 23, 2019 for the second time for building a leading-edge structure. The revised project cost is Tk. 19801.86 lac. The implementation progress of the project is shown in Table-3:

TABLE-3: IMPLEMENTATION PROGRESS OF BIDA BUILDING PROJECTPROJECT COST (IN LAC) PHYSICAL FINANCIAL TOTAL

19801.86 37.16 % 6464.02 lac (32.64%) 6464.02 lac (32.64%)SOURCE: PROJECT OFFICE, BIDA


1.8 BUDGET

The government allocated Tk. 350 million for BIDA from the non-development revenue head in FY 2018-2019. This fund is spent in five major categories as shown in Table-4:

TABLE-4: BUDGET IN FY 2018-19 BY MAJOR HEADSSL MAJOR HEAD AMOUNT IN TK PERCENTAGE (%)1 Salary (General) 5,80,00,000.00 16.57%2 Allowances (General) 5,68,50,000.00 16.24%3 Grants on Goods and Services (General) 16,45,50,000.00 47%4 Special Grants (Capital accumulation) 1,21,00,000.00 3.47%5 Other Grants (Capital accumulation) 5,85,00,000.00 16.72%

TOTAL 35,00,00,000.00 100%

SOURCE: BUDGET BOOK 2018-19, FINANCE, BUDGET AND AUDIT, BIDA

The figures in Table-4 show that general activities dominate over capital accumulation activities. BIDA spent the majority of its fund (79.82%) in general activities while capital accumulation activities were allotted only one third (20.17%) of the fund (Figure-1).

FIGURE-1: BUDGET DISTRIBUTION FIGURE-1: BUDGET DISTRIBUTION

SOURCE: BUDGET BOOK 2018-2019, FINANCE, BUDGET AND AUDIT, BIDA BIDA collects service charges/fees (Annexure-4) for providing services to clients. This fee is

deposited in the ‘Permission Fee Fund’ account of BIDA. BIDA has received approximately Tk.

100 million in FY 2018-19. The Authority is permitted to spend 15% of this fund for investment

promotion activities, abiding all existing financial rules and regulations, and 85% of the fund, as

per requirement, must be deposited to the government exchequer.

1.9 AUDIT

Audit is an indispensable tool for financial control and discipline. It evaluates and examines the

system, operation and activities to ensure that these are executed within the framework of

allocated budget, objectives, rules and requirements. The government audit team made 312

observations from FY 1989-90 to FY 2016-17. As many as 136 objections (43.5%) have been

settled through bipartite/tripartite meetings. Continuous monitoring is followed to resolve the

remaining objections at the earliest possible time. A brief account containing facts and figures is

provided in Table-5. TABLE-5: STATUS OF AUDIT OBJECTIONS

SL

FINANCIAL YEAR

OBJECTIONS GIVEN SETTLED OUTSTANDING NUMBER AMOUNT

(IN MILLION TAKA)

NUMBER AMOUNT (IN MILLION TAKA)

NUMBER AMOUNT (IN MILLION TAKA)

1 1989-2014 (BOI and PC together)

299 4,901.118 136 2,046.506 163 2,856.162

2 2012-17 (BOI, PC and BIDA together)

13 594.643 0 0 13 594.643

TOTAL 312 5467.06 136 2,046.506 176 3450.805 SOURCE: AUDIT FILE, FINANCE, BUDGET AND AUDIT, BIDA

79.82%20.17%

Major Heads of Budget of 2018-19

General Grants capital grants

SOURCE: BUDGET BOOK 2018-2019, FINANCE, BUDGET AND AUDIT, BIDA

BIDA collects service charges/fees (Annexure-4) for providing services to clients. This fee is deposited in the ‘Permission Fee Fund’ account of BIDA. BIDA has received approximately Tk. 100 million in FY 2018-19. The Authority is permitted to spend 15% of this fund for investment promotion activities abiding all existing financial rules and regulations, and 85% of the fund, as per requirement, must be deposited to the government exchequer.

1.9 AUDIT

Audit is an indispensable tool for financial control and discipline. It evaluates and examines the system, operation and activities to ensure that these are executed within the framework of allocated budget, objectives, rules and requirements. The government audit team made 312 observations from FY 1989-90 to FY 2016-17. As many as 136 objections (43.5%) have been settled through bipartite/tripartite meetings. Continuous monitoring is followed to resolve the remaining objections at the earliest possible time. A brief account containing facts and figures is provided in Table-5.


TABLE-5: STATUS OF AUDIT OBJECTIONSSL FINANCIAL

YEAROBJECTIONS GIVEN SETTLED OUTSTANDING

NUMBER AMOUNT(IN MILLION

TAKA)


TAKA)


TAKA)1 1989-2014

(BOI and PC together)

299 4,901.118 136 2,046.506 163 2,856.162

2 2012-17(BOI, PC and

BIDA together)

13 594.643 0 0 13 594.643

TOTAL 312 5467.06 136 2,046.506 176 3450.805SOURCE: AUDIT FILE, FINANCE, BUDGET AND AUDIT, BIDA

1.10 TRAINING & CAPACITY DEVELOPMENT ACTIVITIES

In the age of globalization and evolving information technologies, investment promotion has become a highly competitive arena, which is challenging for a lower middle-income country like Bangladesh. BIDA needs a highly-motivated and specifically skilled team to understand national and global investment-related tools, techniques, strategies, policies and to engage in actions for promoting local and foreign investment. Continuous training programs create opportunities for knowledge building. BIDA organizes local and overseas training programs for officers to become conversant with latest investment related issues, potentials, possibilities, challenges and solutions. Most of the officers and staff were provided in-house training and some officers participated in trainings arranged by local public-sector training institutions (Annexure-5) in FY 2018-2019. Some BIDA officers have also attended overseas training courses described in Annexure-6 in the same fiscal period.

1.11 ANNUAL PERFORMANCE AGREEMENT

BIDA is constantly working to accomplish all the performance indicators and succeed as an investment promotion agency. The Authority has ranked third among all the offices under the Prime Minister’s Office.

1.12 OTHERS

In FY 2018-2019, BIDA prepared answers to the questions raised by the honorable Members of Parliament in 20 occasions, represented in 9 external meetings, and prepared 14 reports and statements.


CHAPTER 2INVESTMENT SCENARIO


INVESTMENT SCENARIO

2.1 LOCAL, JOINT AND 100% FOREIGN INVESTMENT PROJ ECTS IN BANGLADESH

Industrial registration is a prerequisite for getting BIDA’s services and for implementing projects. The authority provides services to all private sector industries except those established within the jurisdiction of Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA), Hi-Tech Park Authority or Bangladesh Small and Cottage Industries Corporation (BSCIC).

The Authority has registered 1,368 projects with a total proposed investment of US$ 13434.71 million in FY 2018-2019. It shows a 197.9% increase in proposed investment when compared to FY 2008-09, when BIDA’s predecessor BOI issued 1,468 registrations with project value of US$ 4509 million.

The number of projects registered in FY 2018-19 is 100 less than the amount registered in FY 2008-09. (See details in Annexure-7).

2.2 MONTH-WISE COMPARISON OF INVESTMENT

A month-wise comparison of investment analysis indicates an uneven growth trajectory of investment during FY 2017-18 and FY 2018-19 (Figure-2).

FIGURE-2: MONTHLY DISTRIBUTION OF INVESTMENT (IN MILLION US$)

SOURCE: POLICY ADVOCACY & PLANNING, BIDA

2.3 COMPARATIVE ANALYSIS OF LOCAL AND FOREIGN INVESTMENT

It has been observed that local and foreign investment increased in the past decade but highest

growth was achieved in FY 2017-2018. In FY 2018-2019, the growth momentum is reduced. A

year wise comparison of local and foreign investment is presented in Figure-3.

FIGURE-3: COMPARISON OF INVESTMENT PROJECTS (MILLION US$)


934

3070

4649

1170

7592

1484

1136 1513

1040

1109

958

994

2542

2531

1886

540 14

89

534

667

736 12

91

425

634

389

July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

FY 2017-2018 FY 2018-2019

5025.441

10316.245

10756.055

1961.571

1032.43

6392.3

2733

4470

5104

890

2123

8409.3

15333.745

12494.269

12008.288

11683.191

2383.212

5599

6679

7748

3931

2467

0 2000 4000 6000 8000 10000 12000 14000 16000 18000

2018-19

2017-18

2016-17

2015-16

2014-15

2013-14

2012-13

2011-12

2010-11

2009-10

2008-09

In million US$

Local Foreign



It has been observed that local and foreign investment increased in the past decade but highest growth was achieved in FY 2017-2018. In FY 2018-2019, the growth momentum is reduced. A year wise comparison of local and foreign investment is presented in Figure-3.





It has been observed that local and foreign investment increased in the past decade but highest

growth was achieved in FY 2017-2018. In FY 2018-2019, the growth momentum is reduced. A

year wise comparison of local and foreign investment is presented in Figure-3.



934

3070

4649

1170

7592

1484

1136 1513

1040

1109

958

994

2542

2531

1886

540 14

89

534

667

736 12

91

425

634

389

July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

FY 2017-2018 FY 2018-2019

5025.441

10316.245

10756.055

1961.571

1032.43

6392.3

2733

4470

5104

890

2123

8409.3

15333.745

12494.269

12008.288

11683.191

2383.212

5599

6679

7748

3931

2467

0 2000 4000 6000 8000 10000 12000 14000 16000 18000

2018-19

2017-18

2016-17

2015-16

2014-15

2013-14

2012-13

2011-12

2010-11

2009-10

2008-09

In million US$

Local Foreign


2.4 SECTOR-WISE DISTRIBUTION OF INVESTMENT

In the 2018-2019 fiscal, local investors were devoted mostly in chemical (32%), textile (19%) and service sectors (14%) while foreign investors and joint collaborators were chiefly engaged in agro industry (23%) and in miscellaneous sectors (62%). An illustration of the sector wise distribution (in terms of nominal project value) of projects registered with BIDA is produced in Figure-4.

FIGURE-4: SECTOR-WISE DISTRIBUTION OF INVESTMENT

distribution (in terms of nominal project value) of projects registered with BIDA is produced in

Figure-4.


SOURCE: POLICY ADVOCACY & PLANNING, BIDA 2.5 SOURCES OF PROPOSED FOREIGN INVESTMENT PROJECTS Bangladesh has proved to be a resilient and attractive investment destination even in time of a

severe global economic downturn. Progressively new horizons of investment are emerging for

foreign investors in Bangladesh. As a result, new foreign and joint venture projects registered

with BIDA in FY 2018-2019 received investments from 23 countries of different regions of the

23%

1%4%

0%

0%1%

4%4%

62%

Foreign Investment

Agro Industry Food & AlliedTextile Printing & PublishingTannery & Leather ChemicalEngineering ServiceMisc

6%5%

19%

3%3%32%

4%

13%

14%

Local Investment

Agro Industry Food & AlliedTextile Printing & PublishingTannery & Leather ChemicalGlass and Ceramic EngineeringService

distribution (in terms of nominal project value) of projects registered with BIDA is produced in

Figure-4.


SOURCE: POLICY ADVOCACY & PLANNING, BIDA 2.5 SOURCES OF PROPOSED FOREIGN INVESTMENT PROJECTS Bangladesh has proved to be a resilient and attractive investment destination even in time of a




23%

1%4%

0%

0%1%

4%4%

62%

Foreign Investment

Agro Industry Food & AlliedTextile Printing & PublishingTannery & Leather ChemicalEngineering ServiceMisc

6%5%

19%

3%3%32%

4%

13%

14%

Local Investment

Agro Industry Food & AlliedTextile Printing & PublishingTannery & Leather ChemicalGlass and Ceramic EngineeringService



2.5 SOURCES OF PROPOSED FOREIGN INVESTMENT PROJECTS

Bangladesh has proved to be a resilient and attractive investment destination even in time of a severe global economic downturn. Progressively new horizons of investment are emerging for foreign investors in Bangladesh. As a result, new foreign and joint venture projects registered with BIDA in FY 2018-2019 received investments from 23 countries of different regions of the world. The source-wise distribution of registered joint and 100% foreign projects in BIDA during FY 2018-2019 are presented in Figure-5 (More details in Annexure-8).

FIGURE 5: SOURCES OF FOREIGN & JOINT VENTURE PROJECTS IN FY 2018-19

2.5 SOURCES OF PROPOSED FOREIGN INVESTMENT PROJECTS Bangladesh has proved to be a resilient and attractive investment destination even in time of a




world. The source-wise distribution of registered joint and 100% foreign projects in BIDA

during FY 2018-2019 are presented in Figure-5. (More details in Annexure-8).

FIGURE 5: SOURCES OF FOREIGN & JOINT VENTURE PROJECTS IN FY 2018-19


0

200

400

600

800

1000

1200

1400

1600

1800

40.937

1720.402

943.647

98.291

643.378

1.71

1247.426

0.26229.912.2772.377

248.549

3.852 0.35 17.9 4 1.761 0.1331.03510.2741.157

5.513 0.3

Proposed Investment (In million US$)


2.6 TOP TEN LOCAL & FOREIGN INVESTMENT PROJECTS

In 2018-2019, BIDA registered a total of 1,368 local, joint venture and 100% foreign investment industrial projects. Among all the projects registered with BIDA, the list of top 10 local, joint venture, & 100% foreign investments is presented in Figure-6 & 7.


FIGURE-6: TOP-10 LOCAL PROJECTS IN FY 2018-19

2.6 TOP TEN LOCAL & FOREIGN INVESTMENT PROJECTS In 2018-2019, BIDA registered a total of 1,368 local, joint venture and 100% foreign investment

industrial projects. Among all the projects registered with BIDA, the list of top 10 local, joint

venture, & 100% foreign investments is presented in Figure-6 & 7.

FIGURE-6: TOP-10 LOCAL PROJECTS IN FY 2018-19


Ananta Hotels and Resorts Ltd has topped the list of local projects by investing Tk. 16680.00

million in the real estate industry. The Summit Corporation Ltd. (joint venture) and the Japan

Tobacco International (Bangladesh) Ltd. (100% foreign) seized the topmost positions in the list

in foreign category.

0.002,000.004,000.006,000.008,000.00

10,000.0012,000.0014,000.0016,000.0018,000.00 16,680.00

12,328.0011,590.00

11,563.00 11560 11,480.0010,400.00

9,930.87 9,504.328,674.50

PROPOSED INVESTMENT IN TK MILLION


Ananta Hotels and Resorts Ltd has topped the list of local projects by investing Tk. 16680.00 million in the real estate industry. The Summit Corporation Ltd. (joint venture) and the Japan Tobacco International (Bangladesh) Ltd. (100% foreign) seized the topmost positions in the list in foreign category.

FIGURE-7: TOP-10 JV/100% FOREIGN PROJECTS IN FY 2018-19FIGURE-7: TOP-10 JV/100% FOREIGN PROJECTS IN FY 2018-19


2.7 FOREIGN DIRECT INVESTMENT (FDI) SCENARIO OF FY 2018-19

2.7.1 FDI INFLOW IN BANGLADESH

According to Industrial Policy 2016, Bangladesh welcomes foreign private investment in

all areas of the economy except for the restricted industries (Annexure 11-13) and no cap is

placed on the amount of the investment. Foreign investors are eligible to take advantage of a

wide range of generous tax concessions and other fiscal incentives and facilities. Foreign Direct

Investment (FDI) regime in Bangladesh is the most liberal among the South Asian countries. The

FDI in Bangladesh is increasing gradually. During FY 2018-19, the FDI inflow stood at US$ 3888.99

million which is 50.71% higher than the FY 2017-18. The net FDI inflow increased steadily in

Bangladesh due to favorable policy and investment climate (See Figure-8).

020000400006000080000

10000098840.444 91,806.65

45,600.00 45150 43680

16477.24 12451.8 7735.06 6625.92 6457.9

PROPOSED INVESTMENT IN MILLION TK



2.7 FOREIGN DIRECT INVESTMENT (FDI) SCENARIO OF FY 2018-19

2.7.1 FDI INFLOW IN BANGLADESH

According to Industrial Policy 2016, Bangladesh welcomes foreign private investment in all areas of the economy except for the restricted industries (Annexure 9-11) and no cap is placed on the amount of the investment. Foreign investors are eligible to take advantage of a wide range of generous tax concessions and other fiscal incentives and facilities. Foreign Direct Investment (FDI) regime in Bangladesh is the most liberal among the South Asian countries. The FDI in Bangladesh is increasing gradually. During FY 2018-19, the FDI inflow stood at US$ 3888.99 million which is 50.71% higher than the FY 2017-18. The net FDI inflow increased steadily in Bangladesh due to favorable policy and investment climate (See Figure-8).

FIGURE-8: RECENT TREND IN ACTUAL FDI INFLOW IN BANGLADESH

FIGURE-8: RECENT TREND IN ACTUAL FDI INFLOW IN BANGLADESH

SOURCE: STATISTICS DEPARTMENT, BANGLADESH BANK

2.7.2. FDI INFLOW BY COMPONENT

FDI inflow is comprised of three components. These are new equity, reinvested earnings, and

intercompany loan. The recent trend shows that the reinvested earning is increasing, which

signifies that the investors are retaining profit in Bangladesh. The pie chart below shows that

reinvested earning comprises 35% of the total investment inflow (See Figure-9).

0

500

1000

1500

2000

2500

3000

3500

4000

2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

1480.341833.87 2003.53

2454.81 2580.44

3888.99

Yearly Time series Data on FDI Inflow (Net) (in Million US$) until June 2019


2.7.2. FDI INFLOW BY COMPONENT

FDI inflow is comprised of three components. These are new equity, reinvested earnings, and intracompany loan. The recent trend shows that the reinvested earning is increasing, which signifies that the investors are retaining profit in Bangladesh. The pie chart below shows that reinvested earning comprises 35% of the total investment inflow (See Figure-9).

FIGURE-9: FOREIGN DIRECT INVESTMENT (FDI) INFLOW BY COMPONENTFIGURE-9: FOREIGN DIRECT INVESTMENT (FDI) INFLOW BY COMPONENT

SOURCE: STATISTICS DEPARTMENT, BANGLADESH BANK 2.7.3 FDI INFLOW (NET) BY MAJOR SECTORS The sector analysis made in Table-6 demonstrates that the power sector attracted the highest

investment amounting to US$ 1217.84 million followed by food (US$ 830.88 million), banking

(US$ 299.35 million) and textile & wearing (US$ 262.66 million) in the fiscal year 2018-2019

(See Annexure-21).

TABLE-6: FDI INFLOW (NET) BY MAJOR SECTORS DURING FY 2018-19

SECTORS AMOUNT IN MILLION US$ IN %

Power 1217.84 31.32%

Textiles & Wearing 262.66 6.75%

Banking 299.35 7.70%

Telecommunication 222.75 5.73%

Food 830.88 21.36%

Gas & Petroleum 110.81 2.85%

NBFI 119.77 3.08%

Trading 98.27 2.53%

31%

35%

34%

FDI inflows (Net) by components during FY 2018-19((In million US$)

Equity Capital

Reinvestment Earnings

Intra-company Loans



2.7.3 FDI INFLOW (NET) BY MAJOR SECTORS

The sector analysis made in Table-6 demonstrates that the power sector attracted the highest investment amounting to US$ 1217.84 million followed by food (US$ 830.88 million), banking (US$ 299.35 million) and textile & wearing (US$ 262.66 million) in the fiscal year 2018-2019 (See Annexure-21).

TABLE-6: FDI INFLOW (NET) BY MAJOR SECTORS IN DURING FY 2018-19SECTORS AMOUNT IN MILLION US$ IN %

Power 1217.84 31.32%Textiles & Wearing 262.66 6.75%

Banking 299.35 7.70%Telecommunication 222.75 5.73%

Food 830.88 21.36%Gas & Petroleum 110.81 2.85%

NBFI 119.77 3.08%Trading 98.27 2.53%

Leather & Leather Goods 73.25 1.88%Others 653.41 16.80%

TOTAL 3888.99 100%SOURCE: STATISTICS DEPARTMENT, BANGLADESH BANK

2.7.4 FDI INFLOW (NET) BY MAJOR COUNTRIES

China topped the list of investment inflow in Bangladesh during July 2018 to June 2019. The investment amounts to US$ 1159.42 million followed by The Netherlands US$ 802.84 million, UK US$ 358.85 million, Singapore US$ 254.01 million, and USA US$ 187.35 million (See Figure-10 and Annexure-21).

FIGURE-10: FDI INFLOW (NET) BY MAJOR COUNTRIES DURING FY 2018-19

Leather & Leather Goods 73.25 1.88%

Others 653.41 16.80%

TOTAL 3888.99 100% SOURCE: STATISTICS DEPARTMENT, BANGLADESH BANK 2.7.4 FDI INFLOW (NET) BY MAJOR COUNTRIES China topped the list of investment inflow in Bangladesh during July 2018 to June 2019. The

investment amounts to US$ 1159.42 million followed by The Netherlands US$ 802.84 million,

UK US$ 358.85 million, Singapore US$ 254.01 million, and USA US$ 187.35 million (See

Figure-10 and Annexure-21).

FIGURE-10: FDI INFLOW (NET) BY MAJOR COUNTRIES DURING FY 2018-19

SOURCE: STATISTICS DEPARTMENT, BANGLADESH BANK 2.7.5 STOCK POSITION OF FDI BY MAJOR COUNTRIES The FDI stock signifies the amount of foreign investment which is retained in the economy on a

certain date. The increasing trend of FDI stock exhibits that investors’ confidence in Bangladesh

are reinforcing.

0

200

400

600

800

1000

1200 1159.42

802.84

358.85254.01

187.35 134.37 133.4 90.84

767.91

In million US$



2.7.5 STOCK POSITION OF FDI BY MAJOR COUNTRIES

The FDI stock signifies the amount of foreign investment which is retained in the economy on a certain date. The increasing trend of FDI stock exhibits that investors’ confidence in Bangladesh are reinforcing.

FIGURE-11: STOCK POSITION OF FDI BY MAJOR COUNTRIES DURING FY 2018-19

FIGURE-11: STOCK POSITION OF FDI BY MAJOR COUNTRIES DURING FY 2018-19


2.8 EMPLOYMENT GENERATION

Investment creates employment, which is manifested in Table-7. It has been observed that local

and 100% foreign investment have generated substantial employment opportunity.

TABLE-7: EMPLOYMENT GENERATION OPPORTUNITY DURING 2009-10 TO 2018-19

FY LOCAL EMPLOYMENT

OPPORTUNITY FOREIGN EMPLOYMENT OPPORTUNITY BY

FOREIGN INVESTMENT (MILLION US$) BY LOCAL INVESTMENT (MILLION US$)

2009-10 3931 291418 890 39245 2010-11 7748 432372 5104 71290 2011-12 6679 326535 4470 124615 2012-13 5599 268871 2733 40838 2013-14 6392.3 199500 2383.212 25443 2014-15 11683.191 209106 1032.43 17305 2015-16 12008.288 232614 1961.571 33878

0

500

1000

1500

2000

2500

3000

3500

40003688.26

2296.28

2008.96

1421.341213.7 1104.87

899.7 845.75 823.07602.54

384.76 360.23 344.34

2686.41

In millon US$


2.8 EMPLOYMENT GENERATION

Investment creates employment, which is manifested in Table-7. It has been observed that local and 100% foreign investment have generated substantial employment opportunity.

TABLE-7: EMPLOYMENT GENERATION OPPORTUNITY DURING 2009-10 TO 2018-19

FY LOCAL* (MILLION US$)

EMPLOYMENT OPPORTUNITY

BY LOCAL INVESTMENT

FOREIGN* (MILLION US$)

EMPLOYMENT OPPORTUNITY

BY FOREIGN INVESTMENT

2009-10 3931 291418 890 392452010-11 7748 432372 5104 712902011-12 6679 326535 4470 1246152012-13 5599 268871 2733 408382013-14 6392.3 199500 2383.212 254432014-15 11683.191 209106 1032.43 173052015-16 12008.288 232614 1961.571 338782016-17 12494.269 220962 10756.055 571192017-18 15333.745 260555 10316.254 269912018-19 8409.273 132938 5025.441 34964

TOTAL 90278.066 2574871 44671.963 471688SOURCE: FOREIGN AND LOCAL INVESTMENT PROMOTION WING, BIDA

* Proposed investment


CHAPTER 3INVESTMENT PROMOTION AND FACILITATION


INVESTMENT PROMOTION AND FACILITATION

3.1 PROVISION OF SERVICES TO INVESTORS

BIDA provides services to investors in four categories, namely:

a) Counselingb) Pre and post implement facilitationc) Pre and post implement servicesd) After care

3.2 COUNSELING

BIDA helps investors by providing advice that assists them during decision making. The investors are guided to choose investment alternatives from a host of potential sectors. Counseling process highlights the regulatory procedures, costs of doing business, investment incentives, specific market access opportunities, comparative and competitive advantages of the sectors etc. In fact, counseling is the first step of direct services provided by BIDA officials to investors for assistance during primary decision-making.

Generally, the counseling is provided at the BIDA offices. The Director (Investment Facilities and Services/One Stop Service) is the focal point for specialized counseling. However, other related desks also provide counseling as and when requested and needed. In addition, counseling is provided through regular emails, letters, faxes, and over the telephone. BIDA frequently extends counseling services to investors at seminars, workshops, road shows, symposiums and exhibitions, organized both at home and abroad. In FY 2018-19, BIDA has arranged 9 seminars/workshops and provided counseling services to 662 prospective and existing investors. As many as 26,013 investors received counseling from BIDA officials in FY 2018-2019 (Annexure 12). The Authority provides all types of information requested by an investor in the initial investment phase.

3.3 PRE AND POST IMPLEMENTATION FACILITATION

The Authority extends many facilitation services to local and foreign investors. Following are some of the services:

3.3.1 SPECIAL WELCOME SERVICE FOR FOREIGN INVESTORS

At present, BIDA has a welcome desk for inbound foreign investors at Dhaka’s Hazrat Shahjalal International Airport. Officials assigned at the desk assist prospective investors in obtaining necessary immigration clearance, Visa on Arrival (VOA), Landing Permit (LP), hotel accommodation and other necessary services. They also provide courtesy services and immediate investment advices with published materials on Bangladesh’s investment climate and opportunities. Such services were provided to 133 investors during FY 2018-2019. A plan was developed during FY 2018-2019 to refurbish BIDA’s welcome desk to allow the delivery of more services as well as to create a comfortable atmosphere for investors at the airport.


3.3.2 VISA RECOMMENDATION

Investors are provided visa recommendations for travelling to Bangladesh on investment purposes. The number of visa recommendations made in FY 2018-2019 is shown in Table-8.

TABLE-8: VISA RECOMMENDATIONSL TYPES OF SERVICE UNIT NUMBER OF SERVICES IN FY 2018-20191 Visa on Arrival/

Landing Permit RecommendationNo. 177

2 Visa Recommendation (E/E1/PI) No. 6131SOURCE: LOCAL AND FOREIGN INVESTMENT PROMOTION WING, BIDA

3.4 PRE AND POST IMPLEMENTATION SERVICES

BIDA offers various services to investors. The nature of these services are described in the following sections:

3.4.1 SERVICES EXTENDED TO LOCAL, JOINT AND 100% FOREIGN INDUSTRIES

Local and foreign investors received various services from BIDA during the FY 2018-2019. The frequency of services are shown in Table-9:

TABLE-9: SERVICES EXTENDED TO LOCAL, JOINT, 100% FOREIGN INVESTORSSL TYPES OF SERVICE UNIT NUMBER OF SERVICES IN FY 2018-20191. Project Registration Number 13682. Remittance Approval Number of Cases 186

Amount Million Tk. 16134.7483. Foreign Loan Approval Number of Cases 120

Amount Million US$ 4097.7794. IRC Recommendation Number 17335. Import Permits Number 332 6. Capital Machinery Clearance Number 2447. NOC for Industrial Plot Transfer Number 21

SOURCE: LOCAL AND FOREIGN INVESTMENT PROMOTION WING, BIDA

3.4.2 SERVICES PROVIDED TO FOREIGN COMMERCIAL OFFICES

Foreign companies can set up commercial offices in the form of representative office, liaison office and branch office to enter the market, create linkages and explore future investment opportunities in Bangladesh. The 2011 guideline for approving commercial offices defines the procedures that must be followed to establish these offices. Bangladesh is currently implementing several large infrastructure public projects. Many foreign public and private agencies are engaged in these projects. The foreign agencies associated with these projects also require registration from BIDA for setting up commercial offices in Bangladesh. In FY 2018-19, the inter-ministerial committee has permitted the establishment of 162 new branch, liaison and representative offices and has extended permission for 287 such existing offices, which originate from 45 countries located in various regions of the world, as shown in Annexure-13.

3.4.3 APPROVAL OF WORK PERMITS

Skilled foreign workers are allowed to work in Bangladesh. The purpose is to encourage the transfer of high-value skills from the expatriates to the local workforce. Foreign workers are mostly employed in the mid- and senior-level management positions in foreign industries, local industries and/or commercial offices. The earlier mentioned inter-ministerial committee also approves work permit for foreign workers.


Foreign nationals from 75 countries were awarded work permits in FY 2018-2019. New work permits were given to 1,829 foreigners and extensions were granted for 3,007 work permits in the same period (Annexure-14).

3.4.4 FACILITATIONS FOR FOREIGN INDUSTRIAL ENTERPRISES

The Executive Council of BIDA provides recommendations for outward remittance of technical assistance fee, technical know-how fee, royalty fee and franchising fee. Another committee, chaired by the Governor of the Bangladesh Bank, is in charge of providing approval necessary for obtaining foreign loan. The number of services provided during FY 2018-2019 is presented in Table-10.

TABLE-10: SERVICES EXTENDED TO JOINT AND 100% FOREIGN INVESTORSSL TYPES OF SERVICE UNIT NUMBER OF SERVICES IN FY 2018-2019 1 Remittance Approval Number of Cases 186

Amount in Million Tk. 16134.7482 Foreign Loan Approval Number of Cases 120

Amount in Million US$ 4097.779SOURCE: FOREIGN INVESTMENT PROMOTION WING, BIDA

3.5 MARKETING AND COMMUNICATION

Investment promotion is a multifaceted activity that starts with the dissemination of information to a host of potential investors. Being an IPA, BIDA undertakes multifaceted investment promotion activities by advertising the opportunities on foreign and local media, developing promotional materials (handbook, brochures, flyers and newsletter) besides hosting and participating in investment delegations and investment promotional events such as seminars, road shows and fairs at home and abroad.

3.6. INVESTMENT PROMOTION ACTIVITIES

BIDA organized following two types of promotional activities for attracting investment:a) Investment promotional activities in Bangladeshb) Investment promotional activities overseas

3.6.1. INVESTMENT PROMOTIONAL ACTIVITIES IN BANGLADESH

Between July 2018 and June 2019, officials from BIDA attended investment promotional activities such as meetings, seminars, workshops organized locally. To promote investment in the country, BIDA has organized and partnered in 11 seminars and workshops during FY 2018-19. These lists of seminars/workshops are attached as Annexure-15. Some of the noteworthy events are given below:

SEMINAR ON BILATERAL BUSINESS AND TRADE OPPORTUNITIES BETWEEN AUSTRALIA AND BANGLADESH

Australia-Bangladesh Chamber of Commerce and Industry (ABCCI) has organized a seminar titled “Bilateral Business and Trade Opportunities between Australia and Bangladesh” at the Lakeshore Hotel in Dhaka, on September 16, 2018. Mr. Gowher Rizvi, the Honorable Prime Minister’s International Affairs Adviser graced the event as chief guest. He requested Australian investors to avail the opportunities of the excellent investment regime of Bangladesh. He especially put emphasis on more Australian investment in Bangladesh’s apparel sector.

The seminar was presided over by the Executive Chairman BIDA. Mr. Ahsan Mansur, Executive Director, PRI presented the key note paper. Mr. Salman F. Rahman, the Honorable Prime Minister’s Private Industry and Investment Adviser, Mr. Abul Kalam Azad, Chief Coordinator for SDG Affairs, PMO, Mr. Paban Chowdhury, Executive Chairman, BEZA and FBCCI President Mr. Sheikh Fazle Fahim were present among others in the event.


Caption-1: “Fact on the ground, there is a new Saudi Arabia. Fact on the ground, there is a new Bangladesh,” says Saudi

Arabia’s Minister of Commerce and Investment Dr. Majed bin Abdullah Al Qasabi during a high-level dialogue hosted by BIDA

in Dhaka on March 7.

Bangladesh and Saudi Arabia carved out fresh pathways for investment to open a new chapter in

their relationship. A 34-strong delegation from Riyadh, which for the first time included two

ministers, arrived in Dhaka for a landmark visit on Mar 7. Business leaders from 17 Saudi

companies joined the delegation led by the Kingdom’s Commerce and Investment Minister Dr.

Majed bin Abdullah Al Qasabi and Economy and Planning Minister Mohammed bin Mezyed

Altwaijri. The Saudi delegation joined the Dialogue on Saudi Arabia-Bangladesh Investment

Cooperation organized by Bangladesh Investment Development Authority (BIDA) at Dhaka’s

Hotel InterContinental.

The move came as an outcome of Honorable Prime Minister Sheikh Hasina’s invitation for

investment during her 2018 visit to the oil-rich nation, where she held meetings with both His

Royal Highness King Salman Bin Abdulaziz al Saud and His Majesty Crown Prince Mohammed

Bin Salman.

“Fact on the ground, there is a new Saudi Arabia. Fact on the ground, there is a new Bangladesh,” says Saudi Arabia’s Minister of Commerce and Investment Dr. Majed bin Abdullah Al Qasabi during a high-level dialogue hosted by BIDA in Dhaka on March 7.

DIALOGUE ON SAUDI ARABIA-BANGLADESH INVESTMENT COOPERATION

Bangladesh and Saudi Arabia carved out fresh pathways for investment to open a new chapter in their relationship. A 34-member delegation from Riyadh, which for the first time included two ministers, arrived in Dhaka for a landmark visit on Mar 7. Business leaders from 17 Saudi companies joined the delegation led by the Kingdom’s Commerce and Investment Minister Dr. Majed bin Abdullah

Al Qasabi and Economy and Planning Minister Mohammed bin Mezyed Altwaijri. The Saudi delegation joined the Dialogue on Saudi Arabia-Bangladesh Investment Cooperation organized by Bangladesh Investment Development Authority (BIDA) at Dhaka’s Hotel InterContinental.

The move came as an outcome of Honorable Prime Minister Sheikh Hasina’s invitation for investment during her 2018 visit to the oil-rich

nation, where she held meetings with both His Royal Highness King Salman Bin Abdulaziz al Saud and His Majesty Crown Prince Mohammed Bin Salman. After the Dialogue, a ceremony was hosted by the Prime Minister’s Office, where 2 (two) agreements for producing renewable energy and electrical items in Bangladesh and 4 (four) MoUs were signed for the manufacturing high-voltage cables, urea formaldehyde, creating biomedical institutes and investing in food and bakery in the presence of the Honorable Prime Minister Sheikh Hasina. The Dialogue on Mar 7 included sessions for interactions on proposed projects between Bangladesh state-owned agencies and Saudi companies. During the talks, Saudi Arabia proposed the formation of the Saudi-Bangladesh Joint Working Committee and a high-level joint taskforce for identifying investment opportunities in Bangladesh. This dialogue expands the possibilities of Saudi Arabian investment of $35 billion for railway projects and construction of deep-sea port.

After the Dialogue, a ceremony was hosted by the Prime Minister’s Office, where 2 (two)

agreements for producing renewable energy and electrical items in Bangladesh and 4 (four)

MoUs were signed for the manufacturing high-voltage cables, urea formaldehyde, creating

biomedical institutes and investing in food and bakery in the presence of the Honorable Prime

Minister Sheikh Hasina.

The Dialogue on Mar 7 included sessions for interactions on proposed projects between

Bangladesh state-owned agencies and Saudi companies. During the talks, Saudi Arabia proposed

the formation of the Saudi-Bangladesh Joint Working Committee and a high-level joint taskforce

for identifying investment opportunities in Bangladesh. This dialogue expands the possibilities of

Saudi Arabian investment of $35 billion for railway projects and construction of deep-sea port.

INAUGURATION OF CKD ASSEMBLING FACTORY OF YAMAHA MOTORCYCLE

Mr. Salman F. Rahman, the Honorable Prime Minister’s Private Industry and Investment

Adviser, graced the inauguration event of CKD assembly plant of Yamaha Motorcycle as chief


MITSUBISHI MOTORS WANTS TO SUPPORT BANGLADESH

INDUSTRIALIZATION

Caption-3 -- The Mitsubishi delegation, BIDA Executive Chairman Kazi Aminul Islam, BEZA Executive Chairman Paban

Chowdhury pose for a photo at a reception hosted by His Excellency Ambassador Hiroyasu Izumi of Japan on May 15, 2019.

A high-powered delegation from Mitsubishi Motors Corporation, one of the world’s leading

carmakers, has explored investment opportunities in Bangladesh. A three-member delegation

headed by Mr. Ryujiro Kobashi, Vice President and Division General Manager of South Asia,

Middle East and Africa and Europe, visited Bangladesh from May 14 to 17 on BIDA’s

invitation.

The Mitsubishi delegation, BIDA Executive Chairman Kazi Aminul Islam, BEZA Executive Chairman Paban Chowdhury pose for a photo at a reception hosted by His Excellency Ambassador Hiroyasu Izumi of Japan on May 15, 2019.

MITSUBISHI MOTORS WANTS TO SUPPORT BANGLADESH INDUSTRIALISATION

A high-powered delegation from Mitsubishi Motors Corporation, one of the world’s leading carmakers, has explored investment opportunities in Bangladesh. A three-member delegation headed by Mr. Ryujiro Kobashi, Vice President and Division General Manager of South Asia, Middle East and Africa

and Europe, visited Bangladesh from May 14 to 17 on BIDA’s invitation.

“Mitsubishi Motors wants to support the motorization and industrialization of Bangladesh, said the delegation head.

The Mitsubishi Motors team, accompanied by BIDA, visited the Mirsarai Economic Zone in Chattogram on May 15 and also stopped by at the premises of Progoti Industries in Sitakunda, where Mitsubishi’s ‘Pajero Sport’ are assembled.

The Mitsubishi team has met Honorable Minister of Commerce Tipu Munshi, National Board

of Revenue (NBR) Chairman Md. Mosharraf Hossain Bhuiyan and Bangladesh Economic Zones Authority (BEZA) Executive Chairman Paban Chowdhury to discuss investment opportunities for the development of an automotive industry in Bangladesh.

“Mitsubishi Motors wants to support

the motorization and industrialization

of Bangladesh, said the delegation

head.

The Mitsubishi Motors team,

accompanied by BIDA, visited the

Mirsarai Economic Zone in

Chattogram on May 15 and also

stopped by at the premises of Progoti

Industries in Sitakunda, where Mitsubishi’s ‘Pajero Sport’ are assembled. The Mitsubishi team

has met Honorable Minister of Commerce Tipu Munshi, National Board of Revenue (NBR)

Chairman Md. Mosharraf Hossain Bhuiyan and Bangladesh Economic Zones Authority (BEZA)

Executive Chairman Paban Chowdhury to discuss investment opportunities for the development

of an automotive industry in Bangladesh.

INTERNATIONAL CONFERENCE ON LOGISTICS: CHALLENGES & FUTURE

READINESS

Caption-4: Best practices from Sri Lanka, Dubai and Singapore are shared in BIDA’s Conference on “Logistics

in Bangladesh: Challenges and Future Readiness” organized at Dhaka’s Hotel Radisson on Apr 25, 2019.


“Mitsubishi Motors wants to support

the motorization and industrialization

of Bangladesh, said the delegation

head.

The Mitsubishi Motors team,

accompanied by BIDA, visited the

Mirsarai Economic Zone in

Chattogram on May 15 and also

stopped by at the premises of Progoti

Industries in Sitakunda, where Mitsubishi’s ‘Pajero Sport’ are assembled. The Mitsubishi team

has met Honorable Minister of Commerce Tipu Munshi, National Board of Revenue (NBR)

Chairman Md. Mosharraf Hossain Bhuiyan and Bangladesh Economic Zones Authority (BEZA)

Executive Chairman Paban Chowdhury to discuss investment opportunities for the development

of an automotive industry in Bangladesh.

INTERNATIONAL CONFERENCE ON LOGISTICS: CHALLENGES & FUTURE

READINESS

Caption-4: Best practices from Sri Lanka, Dubai and Singapore are shared in BIDA’s Conference on “Logistics

in Bangladesh: Challenges and Future Readiness” organized at Dhaka’s Hotel Radisson on Apr 25, 2019.

Best practices from Sri Lanka, Dubai and Singapore are shared in BIDA’s Conference on “Logistics in Bangladesh: Challenges and Future Readiness” organized at Dhaka’s Hotel Radisson on Apr 25, 2019.

INTERNATIONAL CONFERENCE ON LOGISTICS: CHALLENGES & FUTURE READINESS

BIDA and Bangladesh Supply Chain Management Society hosted an international conference on logistics in Dhaka on Apr 25. The best practices from across the globe were conveyed by experts who arrived from Sri Lanka, Dubai and Singapore and engaged with top officials of Bangladesh’s public sector agencies and private sector representatives.

Speaking at the event, Honorable Prime Minister’s Private Industry and Investment Adviser Mr. Salman F. Rahman mentioned logistics as a crucial element in the efforts to achieve the growth targets set by the Honorable Prime minister. Mr. Abul Kalam Azad, Principal Coordinator (SDG Affairs) at the Prime Minister’s Office, discussed the government’s involvement in building new infrastructure and improving existing structures, such as ports, highways and railway tracks. BIDA Executive Chairman announced the formation of a taskforce on logistics for providing businesses with policy support. The taskforce will have members from public sector agencies and representatives from the private sector for providing validation and feedback on behalf of businesses.

PRE-BUDGET DIALOGUE ON TAX HOLIDAY

Tax holiday is an important incentive that governments provide to attract investment in industries and businesses. In Bangladesh, the tax facility is provided in various levels, especially in the economic zones, export processing zones and high-tech parks. BIDA and the Business Initiative Leading Development (BUILD) organized a dialogue titled ‘Revisiting Tax Holiday Policy of Bangladesh’ for promotion of investment and export on May 19.

BUILD proposed that the existing tax holiday facility be revisited to include more industries from various non-traditional sectors. Bangladesh should expand the facility and modernize provisions in the Income Tax Ordinance, 1984, said BUILD CEO Ferdaus Ara Begum. National Board of Revenue Member Kanon Kumar Roy, who was present in the dialogue, said necessary measures will be taken to reflect the needs of businesses in the tax rules.


SEMINAR AND NETWORKING SESSION FOR HONG KONG DELEGATION

Caption-5: Businesspersons from Bangladesh and Hong Kong interact during BIDA's dialogue, match-making session at Dhaka’s Hotel InterContinental on May 25, 2019.

A 24-member business delegation from Hong Kong visited Bangladesh to find investment

opportunities as part of efforts under China’s Belt and Road Initiative. The delegation of

members from the Chinese Manufacturers’ Association of Hong Kong visited Bangladesh on

BIDA’s invitation from May 23 to May 25. To foster strong business ties between Hong Kong

and Bangladesh, BIDA organized a seminar and ‘business match-making’ session between

Bangladeshi companies and businesspersons from Hong Kong at Dhaka’s Hotel Intercontinental

in the afternoon of 25th of May.

“Beyond manufacturing and export, Bangladesh has great opportunities in its domestic market,

which will fully flourish within few years,” said Dr. Dennis W.P. Ng, President of The Chinese

Manufacturers’ Association of Hong Kong, who headed the Hong Kong delegation to Dhaka.

“We realized that Bangladesh has talented workers who are really focused on their duties when

we visited the Chinese-owned Unimas Sportswear factory in Gazipur.”

3.6.2 INVESTMENT PROMOTIONAL ACTIVITIES ABROAD

BIDA organizes and attends overseas seminars and conferences and heads delegations for

attracting investment. Necessary information and materials are disseminated to potential

investors and stakeholders helping them make informed decisions. The Executive Chairman of

BIDA has participated in the following events:

Businesses from Bangladesh and Hong Kong interact during BIDA’s dialogue and match-making session at Dhaka’s Hotel Inter Continental on May 25, 2019.

SEMINAR AND NETWORKING SESSION FOR HONG KONG DELEGATION

A 24-member business delegation from Hong Kong visited Bangladesh to find investment opportunities as part of efforts under China’s Belt and Road Initiative. The delegation of members from the Chinese Manufacturers’ Association of Hong Kong visited Bangladesh on BIDA’s invitation from May 23 to May 25. To foster strong business ties between Hong Kong and Bangladesh, BIDA organized a seminar and ‘business match-making’ session between Bangladeshi companies and businesses from Hong Kong at Dhaka’s Hotel Intercontinental in the afternoon of May 25.

“Beyond manufacturing and export, Bangladesh has great opportunities in its domestic market, which will fully flourish within few years,” said Dr. Dennis W.P. Ng, President of the Chinese Manufacturers’ Association of Hong Kong, who headed the Hong Kong delegation to Dhaka. “We realized that Bangladesh has talented workers who are really focused on their duties when we visited the Chinese-owned Unimas Sportswear factory in Gazipur.”


guest on May 11, 2019. The government has achieved significant progress in its efforts to

improve the investment climate of Bangladesh, he told the audience of the event hosted at a hotel

in Dhaka. He also described the actions taken by the government to improve Bangladesh’s

ranking in the World Bank’s Doing Business index and the target to achieve double-digit ranking

in the coming years.

Caption-2: Honorable Prime Minister’s Private Industry and Investment Adviser Mr. Salman F. Rahman addresses the inauguration event of CKD assembly plant of Yamaha Motorcycle as chief guest on May 11, 2019

Honorable Prime Minister’s Private Industry and Investment Adviser Mr. Salman F. Rahman addresses the inauguration event of CKD assembly plant of Yamaha Motorcycle as chief guest on May 11, 2019

INAUGURATION OF CKD ASSEMBLING FACTORY OF YAMAHA MOTORCYCLE

Mr. Salman F. Rahman, the Honorable Prime Minister’s Private Industry and Investment Adviser, graced the inauguration event of CKD assembly plant of Yamaha Motorcycle as chief guest on May 11, 2019. The government has achieved significant progress in its efforts to improve the investment climate of Bangladesh, he told the audience of the event hosted at a hotel in Dhaka. He also described the actions taken by the government to improve Bangladesh’s ranking in the World Bank’s Doing Business index and the target to achieve double-digit ranking in the coming years.

3.6.2 INVESTMENT PROMOTIONAL ACTIVITIES ABROAD

BIDA organizes and attends overseas seminars and conferences and heads delegations for attracting investment. Necessary information and materials are disseminated to potential investors and stakeholders helping them make informed decisions. The Executive Chairman of BIDA has participated in the following events:

TABLE-11: INVESTMENT PROMOTIONAL ACTIVITIES IN ABROAD IN 2018-2019

SL MEETING/SEMINAR/ROADSHOW TIME COUNTRY ORGANIZING AGENCY

SOURCE OF FUND

1. Workshop on Bangladesh Investment Forum 2018

15-18 August, 2018

Sri Lanka NDB Capital Ltd. NDB Capital Ltd.

2. 23rd WAIPA World Investment Conference Xiamen-2018

07-11 September, 2018

China BIDA & Bangladesh China Chamber of

Commerce & Industry (BCCI)

BIDA & BCCI

3. Seminar on Foreign Direct Investment in Bangladesh. Organized by Bangladesh

Forum Qatar (BFQ).


Doha, Qatar MOFA MOFA

4. 73rd Session of the UN General Assembly with Honorable Prime Minister


New York, USA MOFA MOFA

5. Attending Government delegation to KSA with Honorable Prime Minister

16-19 October, 2018

KSA MOFA MOFA

SOURCE: INVESTMENT ECO SYSTEM WING, BIDA


3.7 MEDIA & PUBLICATIONS

BIDA sponsored 6 (six) local and 5 (five) international advertisements in electronic & print media during FY 2018-19 to reach the global audience. These initiatives were aimed at promoting Bangladesh as a favorable investment destination. A newsletter is published each month for disseminating news of the authority and investment. Between December 2018 and June 2019, 4 issues of the newsletter have been published. Besides, special publications were developed for investors attending the High-Level Dialogue on Saudi Arabia-Bangladesh Investment Cooperation held on March 7, 2019.

3.8 BILATERAL & MULTIL ATERAL MOUs AND TREATIES ON INVESTMENT PROMOTION

Bangladesh has signed 34 Double Taxation Treaties (DTTs) as of June 30, 2019. The countries with which Bangladesh has entered DTTs are listed in Annexure-16. Bangladesh has also signed 33 Bilateral Investment Treaties (BITs) to facilitate and protect investment of signatory countries. The country list is attached as Annexure-17.

Bangladesh is currently negotiating Bilateral Investment Treaties with the Kingdom of Saudi Arabia, Myanmar, Sri Lanka, Qatar, Finland, Oman, Russia, Ukraine, Hungry, Australia, Mauritius, Egypt, Spain, Nigeria, Moldova, Nepal and Lebanon.

Besides the above treaties, Bangladesh signed two MoUs with China and UAE for promoting investment and strengthening cooperation. The Kingdom of Saudi Arabia and Bangladesh signed 2 agreements and 4 MoUs on March 7, 2019 during the visit of a high-powered Saudi business delegation. A list of Bilateral MoUs is given in Table-12:

TABLE-12: BILATERAL MOUS AND AGREEMENT ON INVESTMENT PROMOTION FY 2018-2019SL DESCRIPTION OF MOU /JWG DATE OF

SIGNATUREAREA OF COOPERATION

1. MoU between National Board of Revenue (NBR) andBangladesh Investment Development Authority

07-08-2018 For providing one stop service

2. Framework Agreement between Dezhou Economic & Technical Development Zone, China and

BIDA, Bangladesh

26-11-2018 Promotion of business Exchange of business delegation

3. MoU between the private office of His Highness Sheikh Ahmed Dalmook Al Maktoum, UAE

and Bangladesh Investment Development Authority (BIDA)

17-02-2019 For setting up a special economic zone in Matarbari on 300 acres of land

SOURCE: INVESTMENT ECO SYSTEM WING, BIDA


CHAPTER 4INSTITUTIONAL PERFORMANCE OF BIDA


INSTITUTIONAL PERFORMANCE OF BIDABIDA has been working tirelessly to achieve its mandated goals and objectives which eventually contribute to accomplishing the national targets and goals set for economic growth. BIDA is especially focused on achieving the goals to elevate Bangladesh’s status to a Middle-Income Country (MIC) by 2024, achieving the SDGs by 2030 and to make Bangladesh a developed country by 2041.

Below are some of the strategic steps taken by BIDA to achieve the above stated goals:

4.1 CORPORATE PLAN OF BIDA BIDA is an organization with a powerful board and a dynamic leader and it needs a roadmap to deliver the outcomes sought by the government. The Strategic Road Map and Corporate Plan (SRCP) of BIDA has been drafted with support from the International Finance Corporation (IFC) to design multidimensional actions for expanding investment.

4.2 ONE STOP SERVICEBIDA has orchestrated its activities with the national policy on Digital Bangladesh. This policy ensures economic development through swift technology adoption and envisions delivery of public services in an environment that is uncomplicated, cost-efficient and hassle-free.

BIDA is also determined to provide efficient and effective online services while reducing cost, time and physical visits of investors. Project registrations have been given through Online Registration System (ORS) since 2012. Since 2014, investor services such as industrial project registration, branch/liaison/representative office permission, visa recommendation and work permit were being provided through the e-Service online portal. BIDA also started the Online Service Tracking (BOST) system, which provides the status of any services requested by the investors.

On February 24, 2019, BIDA launched a web-based, online One Stop Service (OSS) portal - devised under the notable One Stop Service Act, 2018 - the drafting of which was supported by BIDA in partnership with the IFC.

The OSS portal provides 18 e-payment and data-sharing enabled G2B services of 3 agencies (BIDA, RJSC and NBR). See Table-13 for details.

TABLE 13: SERVICES PROVIDED ON OSS PLATFORMNo. Service Provided Service provider

1 Name clearance of new company Office of the Registrar of Joint Stock Companies and Firms (RJSC &F)2 Company Registration

3 e-Tin Registration National Board of Revenue (NBR)4 e-VAT Registration 5 Industrial Project Registration Bangladesh Investment Development Authority (BIDA) 6 Foreign commercial Office Permission (New)7 Foreign commercial office permission (Extension)8 Foreign commercial office permission (Amendment)9 Foreign commercial office permission (Cancellation)

10 Visa Recommendation (New)11 Visa Recommendation (Amendment)12 Visa on arrival13 Visa on arrival (Amendment)14 Work Permit (New)15 Work Permit (Extension)16 Work Permit (Amendment)17 Work Permit (Cancellation);18 Remittance Approval.



The following services were provided through One Stop Service portal in the FY 2018-19:

TABLE 14: SERVICES PROVIDED ON ONE STOP SERVICE PORTALSL SERVICES NUMBER1 Pre-investment Counseling 6622 Recommendation for Gas connection 13 NOC for transferring industrial plot 194 NOC for Director’s List amendment 7

SOURCE: ONE STOP SERVICE AND REGULATORY REFORM SECTION, BIDA

Since the launch of OSS, 735 users (699 Male and 36 Female) from 19 countries have availed the services, without any physical interactions with the agencies, including banks. As many as 160 users provided feedback, of which 134 reported satisfactory and above ratings.

With support provided by the IFC, BIDA has worked to integrate more services with the OSS system - including those of RAJUK, DPDT and CCI&E – to ensure a single platform for investor services.

These activities include signing of further MoUs, analysis of ICT systems and necessary updates to the existing OSS Act. In addition, audit to check system robustness and security was conducted.

In FY 2018-19, BIDA, in partnership with the IFC, has completed the following important tasks integral for developing the OSS portal:

• Relevant analyses including change management, legal, risk management and implementation, capacity development, and ICT framework were conducted.

• A model to ensure financial sustainability and regular update of the system was identified. The OSS system is designed in line with a Managed Service Model in which a private firm is awarded the task of developing and maintaining the system. The firm then recovers costs from a pre-agreed fee-per-service, which eliminates any dependency on government or donor funding. During FY 2018-2019, the contract for developing the OSS system was awarded to the private firm Business Automation Ltd.

• BIDA drafted and signed MoUs with relevant government agencies (NBR, RJSC, DNCC, DSCC, CCC) to ensure service integration and data-sharing. In addition, an MoU was signed with Sonali Bank to enable e-payment facilities.

• Meetings and trainings with officials of government agencies and Business Automation Ltd. were organized to enhance OSS operations.

• An OSS Dashboard was developed to allow relevant government officials to monitor the status of applications made through the system, including time-required and pending applications.

• Two inquiry-handling mechanisms -- OSS Help Line (09678771353) and OSS Help Desk Chat – were established.

4.3 REFORM INITIATIVES FOR EASE OF DOING BUSINESS

Business climate is a critical factor for attracting and realizing the private investment targets of a country. Bangladesh has been working to make constant progress and achieve global recognition for its effort to reform regulatory practices that hinder private sector growth. The Ease of Doing Business (EODB) index of the World Bank is recognized worldwide as a comparative benchmark of business and investment climate. The Honorable Prime Minister has assigned BIDA as the lead agency responsible for driving the Doing Business reforms agenda.

Bangladesh has a target to achieve double-digit ranking by 2021 and has been pursuing the short-term, long-term, indicator-specific, and detailed action plans, which were developed by BIDA in partnership with the IFC, based on recommendations made in DB Reform Memorandum.


The Honorable Prime Minister’s Private Industry and Investment Adviser has been supervising the Ease of Doing Business reform initiatives and all actions required to improve the overall business climate of Bangladesh.

In the Doing Business 2019 report, Bangladesh’s ranking improved by one place to 176th. The overall distance to frontier (DTF) score of Bangladesh improved by 0.91 percentage points to 41.97 in DB 2019 from 41.06 in DB 2018. The reform achieved from the reduction in the number of days for Getting Electricity (to 148 days from 404 days) contributed to the improvement in scores and ranking in 2019. DB indicators that experienced improvement in ranking include Getting Electricity (to 179th from 185th), Registering Property (to 183rd from 185th), and Paying Taxes (to 151st from 152nd).

Five indicators experienced improvement in Distance to Frontier (DTF) scores - Getting Electricity (to 30.83 from 22.75), Resolving Insolvency (to 28.20 from 27.71), Dealing with Construction Permits (to 60.82 from 60.58), Starting a Business (to 80.92 from 80.60), and Registering Property (to 28.91 from 28.89). Further details are in Annexure-18 and Annexure- 19.

To improve Bangladesh’s ranking in the next Doing Business report, 54 improvements were reported in eight DB indicators - Starting a Business, Dealing with Construction Permits, Getting Electricity, Registering Property, Getting Credit, Protecting Minority Investors, Paying Taxes, Trading across Borders - to the World Bank Doing Business team for DB 2020. Read the full list of reforms submitted for consideration in Doing Business 2020 in Annexure-20.

BIDA is determined to continually address the challenges that exist with doing business in the country. In partnership with the IFC, BIDA has undertaken the following activities to achieve DB reforms in FY 2018-2019:

• For implementation of DB reforms, crucial analyses were prepared and conducted, covering cost-benefit and legal aspects.

• Support was provided during the second and third meetings of the National Committee for Monitoring and Implementation of Doing Business (NCMID). During the third meeting, important decisions on DB reforms were made, such as the automation of the system for issuing construction permits in all zones in Bangladesh and reduction of fee for company registration in Bangladesh.

• Meetings and consultations were organized with key stakeholders including high-level government officials, operational teams and private sectors to ensure implementation of Action Plans.

• Feedback surveys were conducted to monitor whether implemented reforms being felt by the private sector.

• Day-to-day monitoring of DB reform implementation activities and follow-ups with line agencies were performed. A Task force on DB has been established at BIDA to monitor, evaluate and control the implementation of the Doing Business Action Plan. To understand the progress, meetings were held with relevant line agencies including RJSC, RAJUK, Power Division, Office of Assistant Commissioner of Land, Chittagong Port Authority, Chittagong Development Authority (CDA), Chittagong District Administration, and Chittagong Customs.

• Eight DB press advertisements were placed in the national dailies Financial Express and Jugantor to disseminate information on implemented and planned actions by the government for improving DB scores.

• An online DB dashboard was developed and added to BIDA’s official website. (http://bida.gov.bd/?page_id=7716).


4.4 ECONOMIC/INDUSTRIAL CORRIDOR DEVELOPMENT

BIDA has taken new initiatives targeting economic development by establishing industrial/economic corridors alongside important highways of Bangladesh. The first meeting of the Governing Board of the Authority approved a draft rule for creating economic corridors. The study, carried out with the assistance of the Asian Development Bank (ADB), shows promising prospects of economic corridors in the South-West zone of the country. A Strategic Action Plan has been prepared to start activities for the economic corridor. Another feasibility study will be conducted for establishing economic zone in the North East zone.

4.5 USE OF SURPLUS LANDS OF STATE-OWNED ENTERPRISES (SOEs)

The BIDA act makes provision for the productive use of unused lands of state-owned enterprises (SOEs) for more beneficial economic activities. As a prerequisite of the act, a draft policy for using such lands was approved in the first meeting of the Governing Board. A directive has been given in the meeting to share the draft policy with all concerned Ministries, Departments and Offices. Accordingly, the draft policy has been finalized after consultation with all stakeholders and is ready to be placed before the Governing Board for approval.

4.6 ENTREPRENEURSHIP AND SKILL DEVELOPMENT PROJECT (ESDP)

Bangladesh is making headway to achieve the developed country status by 2041. The continued two-digit GDP growth rate will ensure this status. Uninterrupted economic growth needs increased number of entrepreneurs for expanding private investment. Besides, the public and private sectors of Bangladesh cannot generate enough employment for the increasing number of youths entering the job market every year. BIDA has designed a project for engaging these unemployed youth in productive activity. This project will train aspiring youths to become entrepreneurs. The two-year project titled “Entrepreneurship & Skill Development Project (ESDP)” with a cost of TK. 49.90 crore was launched in March 2019 to create 24,000 entrepreneurs in all 64 districts of Bangladesh. The objectives are given below:

• Create skilled entrepreneurs for supplier and linkage development industries providing training to the potential youths on regulatory regime and business procedure;

• Accomplish the Sustainable Development Goal 8 (decent work and economic growth); • Reach the target of private investment (34% of GDP) according to the 7th Five Year Plan.

The specific activities of the project are: • Selected candidates will be provided one-month training for enhancing entrepreneurial skills; • Investment related issues and information will be provided through 24 x 7 online learning

platform. • Business and investment related digital content will be created and uploaded on social media

and the project’s website; • Trainee entrepreneurs will be recommended to public and private banks and other financial

institutions so that they may receive assistance while applying for credit; • A database will be created with information of the trainee entrepreneurs along with information

of domestic and foreign investment and investors.


4.7 INVESTMENT PROMOTION AT GRASS ROOTS LEVEL

BIDA has been working to extend investment promotion and facilitation activities to the grass roots level. Because the best outcome will remain unrealized if investment expansion remains limited to capital Dhaka and port city Chattogram.

Considering this critical issue, the Cabinet Division has formed the Divisional, District and Upazila Investment and Business Development and Facilitation Committee on April 25, 2019. It is expected that these committees will facilitate and promote investment in areas never attended before. The Cabinet Division also directed the Divisional, District and Upazila administration to set up front desks and nominate an officer to assist investors.

The Supplier and Linkage Development Wing have been established in BIDA to expand, facilitate and promote supplier and linkage industries in the country. Bangladesh is advancing to become a developed country. Two-digit GDP growth rate and successive economic progress will not be possible without heavy and technologically advanced manufacturing industries. The Supplier and Linkage Development Wing has arranged dialogues with stakeholders of the 17 priority sectors for exploring the prospects, challenges and solutions for expanding the supplier and linkage industries. The recommendations of the meetings have already been referred to the ministries, divisions and agencies for implementation. In the last election manifesto, the government emphasized heavily on the idea that the young people of Bangladesh will drive their country towards prosperity. Youth representatives, public and private sector stakeholders of four divisions have assembled to exchange ideas in 4 workshops and meetings in Rajshahi, Rangpur, Mymensingh and Barisal Division. Many constructive recommendations for engaging the youths in mainstream productive activity emerged from these workshops. Recommendations have already been forwarded to respective ministries, divisions and agencies for implementation. Another meeting has been arranged to explore policy intervention for promoting, assisting and facilitating female entrepreneurs. The female entrepreneurs emphasized on elimination of gender biased challenges. The suggestions of this meeting have also been sent to respective ministries, divisions and agencies for implementation.

4.8 MONITORING

The Monitoring and Evaluation Compliance Branch has been mandated to monitor 200 industrial projects in Annual Performance Agreement (APA) of BIDA for FY 2018-19. The Wing is assigned to monitor projects registered with BIDA for tracking implementation status. This monitoring activity will produce updated information on investment and employment generation as well as identify projects facing implementation constraints. Beside the regular monitoring functions, BIDA undertook a special initiative to extensively monitor 3,726 registered industrial projects within June 2019. Out of the total number of projects, 2000 have been monitored by BIDA officials and 1726 by 62 District Administration Offices. The initiative began in March 2019.

Of the total projects monitored, 892 local and 295 foreign investment projects provided investment information through prescribed format. The findings so far gathered, show that, the realized investment value of local investment projects is 60 per cent where as it is 52 per cent in the case of foreign projects. On the other hand, actual employment generation by the local projects is only 53 per cent which is 84 per cent in the case of foreign projects. (See Figure-12)


FIGURE-12: YEAR-WISE EMPLOYMENT GENERATION BY FOREIGN COMPANIES


SOURCE: STRATEGIC INVESTMENT, BIDA

FIGURE-13: CONSTRAINTS FACED BY LOCAL INVESTORS


114%

75%

61% 66%

106%

0%

20%

40%

60%

80%

100%

120%

02,0004,0006,0008,000

10,00012,00014,00016,00018,00020,000

2013 2014 2015 2016 2017

Degree of Employment Creation

Registered Employment Created Employment Created % (RHS)

5991010

121414

1518

2732

5976

0 10 20 30 40 50 60 70 80

Skilled manpowerBond license

Construction permitOther problems

Raw materialsInfrastructure

Market conditionLand reg./acquisition

IRCOther licenses

UtilitiesTrade license

Environment certificateBank loan/financing

No. of respondents

SOURCE: STRATEGIC INVESTMENT WING, BIDA

As many as 40 per cent of local investors (76 out of 188 respondent) informed BIDA that getting bank loan was the major obstacle they faced. However, 39 per cent of foreign investors (amongst those respondents) mentioned getting trade license as the major problem (See Figure-13).






114%

75%

61% 66%

106%

0%

20%

40%

60%

80%

100%

120%

02,0004,0006,0008,000

10,00012,00014,00016,00018,00020,000

2013 2014 2015 2016 2017

Degree of Employment Creation

Registered Employment Created Employment Created % (RHS)

5991010

121414

1518

2732

5976

0 10 20 30 40 50 60 70 80

Skilled manpowerBond license

Construction permitOther problems

Raw materialsInfrastructure

Market conditionLand reg./acquisition

IRCOther licenses

UtilitiesTrade license

Environment certificateBank loan/financing

No. of respondents

SOURCE: STRATEGIC INVESTMENT WING, BIDA


4.9 INVESTMENT AFTERCARE

The Investment Aftercare Unit was established by an office order issued by BIDA on January 8, 2019. This unit came into existence in line with BIDA’s organogram created in September of 2018. In order to institutionalize aftercare services, an initiative was taken to formulate a concept paper. A zero draft was then developed by studying the UNCTAD’s aftercare publications and the best aftercare practices in countries across the world. The draft was shared, both internally and externally, and with the stakeholders through consultation meetings. After completing all relevent processes, the Aftercare concept paper was finalised. BIDA Executive Chairman approved the paper in June of 2019. In line with the concept paper, the unit is currently engaged in activities related to providing aftercare services to FDI companies.

4.10 STRATEGIC INVESTMENT

The formulation of BIDA’s new organogram led to the creation of the Strategic Investment Unit. In order to formalise the operational architecture of the new unit, a zero draft for a concept paper was developed. The draft was then shared with all other IPAs of Bangladesh, such as BEZA, BEPZA, BHTPA. The trade bodies were also asked to provide opinions and recommendations. The paper will be enhanced following further consultations and the compilation of all stakeholder recommendations.

5.0 CONCLUSION

This report generates information on investment expanding activities of FY 2018-2019. BIDA has taken many initiatives to accomplish the delegated task mentioned in its Act. Investment promotion is a challenging and interconnected task of multitude of stakeholders. This cross-cutting issue needs equal and concomitant concentration of stakeholders. Legislation and policy solutions are on the ground. Now the right mix of policy and practice of all actors will ensure the success of investment promotion.

In the past years, the Authority played the catalytic role of coordinating investment related activities and issues of public and private agencies. BIDA, in consort with the government, will take every possible shared approaches and initiatives to create a positive effect in expanding investment in the coming years.


ANNEXURES


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ANNEXURE -2

COMPOSITION OF GOVERNING BOARD

Hon’ble Prime Minister ChairmanHon’ble Minister, Ministry of Finance Vice ChairmanHon’ble Minister, Ministry of Industries MemberHon’ble Minister, Ministry of Energy, Power & Mineral Resources MemberHon’ble Minister, Ministry of Commerce MemberHon’ble Minister, Ministry of Jute & Textile MemberHon’ble Minister, Ministry of Planning MemberHon’ble Minister, Ministry of Agriculture MemberHon’ble Minister, Ministry of Housing & Public Works MemberExecutive Chairman, BIDA Member-SecretaryGovernor, Bangladesh Bank MemberSecretary, Ministry of Home Affairs MemberSecretary, Ministry of Internal Resources Division MemberChairman, Bangladesh Securities & Exchange Commission MemberPresident, FBCCI MemberGovernment nominated 2 representatives (one should be female) from Specialized Chamber

Member

SOURCE: BANGLADESH INVESTMENT DEVELOPMENT AUTHORITY ACT, 2016


ANNEXURE-3

ADDRESSES OF HEAD OFFICE AND DIVISIONAL OFFICES

SL OFFICE CONTACT US1 Head office E-6/B Agargaon, Sher-E-Bangla Nagar, Dhaka-1207

Tel: 55007201, Fax: 55007238, www.bida.gov.bd2 Chattogram BIDA Chattogram Divisional Office

Government Office Building No-1, 3rd Floor,

Agrabad, Chattogram.Phone: 031-2520608, 031-2520904, 031-721038

3 Rajshahi BIDA Rajshahi Divisional OfficeBismillah Ha-Mim Tower

Holding No. 0211- 01Upar Vadra

Post Office: Kajla; Post Code-6204Police Station: BoaliaRajshahi, Bangladesh

Phone: 0721-751145, 0721-7511454 Khulna BIDA Khulna Divisional Office

BDBL Bhaban (8th Floor),25-26 KDA C/AKhulna- 9000.

Phone: 041-7247165 Sylhet BIDA Sylhet Divisional Office

Probaho-18, Taltola, Sylhet- 3100.Phone: 0821-724306

6 Barishal BIDA Barishal Divisional OfficeDoyal Tower (1st floor), Nazrul Islam Road, South Alekanda, Bangla bazar,

Barishal.Phone: 0431-64797

SOURCE: FACILITIES MANAGEMENT, BIDA


ANNEXURE-4

SERVICE WISE PRESCRIBED FEES AND CHARGES

SL SERVICE FEE (BDT)1. Local, Joint and 100% foreign Industries registration

1. Upto Tk 10 crore 5,000.002. From Tk 10 crore to Tk 25 crore 10,000.003. From Tk 25 crore to Tk 50 crore 25,000.004. From Tk 50 crore to Tk 100 crore 50,000.005. Above Tk 100 crore 1,00,000.00

2. Approval of royalty, technical knowledge, technical know-how, technical assistance etc.

1. If remittance is up to Tk 10 lac 5,000.002. If remittance is between Tk 10 lac to Tk 50 lac 10,000.003. If remittance is between Tk 50 lac to Tk 1 crore 50,000.004. If remittance is between Tk 1 crore to Tk 5 crore 1,00,000.005. If remittance is between Tk 5 crore to Tk 10 crore 2,00,000.006. Above Tk 10 crore 5,00,000.00

3. For foreign loan approval1. If foreign loan is up to Tk 1 crore 5,000.002. If foreign loan is between Tk 1 crore to Tk 5 crore 10,000.003. If foreign loan is between Tk 5 crore to Tk 10 crore 25,000.004. If foreign loan is between Tk 10 crore to Tk 25 crore 50,000.005. Above Tk 25 crore 1,00,000.00

4. For permission to open branch, liaison and representative office 25,000.005. For extension of every 2 years of permission of branch, liaison and representative

office10,000.00

6. Work permit for every year 5,000.007. For any kind of amendment of above services 1,000.00



ANNEXURE-5

LOCAL TRAINING PROGRAMS ATTENDED BY OFFICERS AND STAFF IN FY 2018- 2019

SL DESCRIPTION VENUE PERIOD NO OF OFFICIALS1. Project Appraisal, EIA and Formulation of

DPP (17th Batch)NAPD 15-07-2018 to

02-08-20182

2. Training Program on Initial Public Offerings (IPO): Processes and Procedures

SEC 30-31 July, 2018 2

3. Public Financial Management NAPD 05-09 August, 2018

1

4. Management Skills for Project Executives NAPD 05-11 November, 2018

1

5. Tax Training BIDA 20 November, 2018

20

6. One Stop Service Training BIDA 03 January, 2019 207. 123th ACAD Course BPATC 20 January to 30

March, 20191

8. In-House Training (E-filing & ICT, Service Rules, Investment Law, Management of Finance of job related subject)

BIDA 18 March to 01 April, 2019

14


BIDA 23 April to 07 May, 2019

36


BIDA 20-23May, 2019 21


BIDA 26-29 May, 2019 29


BIDA 16-25 June, 2019 31



ANNEXURE-6

FOREIGN TRAINING PROGRAMS ATTENDED BY BIDA OFFICIALS

SL PROGRAMS VENUE DATE NO OF OFFICIALS1. Professional Certificate in International Trade Australia 08-29 July,

20182

2. Public Policy and Private Sector Development

Singapore 13-17 August, 2018

1

3. Transformation, Technology and Trade-meeting the challenges of regulatory delivery

London 08-16 September, 2018

2

4. Future of Regional Connectivity in South Asia

India 29 April, 2019 1

5. Seminar on Construction and Management of Economic and High-tech Industrial Park for Bangladesh

China 18 June to 07 July, 2019

2


ANNEXURE-7

LOCAL, JOINT AND 100% FOREIGN PROJECTS: REGISTRATION DURING FY 2008-09 TO FY 2018-2019

Fiscal Year

Local Investment Proposals Registered

Foreign/JV Investment Proposals Registered

Total Investment Proposals Registered Total

Employment opportunity

(Person)Projects

Project Value

(Million US$)

Projects

Project Value

(Million US$)

Projects

Project Value

(Million US$)

2008-09 1336 2467 132 2123 1468 4509 308,0372009-10 1470 3931 160 890 1630 4821 330,6632010-11 1746 7748 196 5104 1942 12852 503,6622011-12 1735 6679 221 4470 1956 11148 451,1502012-13 1457 5599 219 2733 1676 8332 3097092013-14 1308 6392.3 124 2383.212 1432 8775.514 2249432014-15 1309 11683.191 120 1032.43 1429 12715.62 2264112015-16 1511 12008.288 151 1961.571 1662 13969.86 2664922016-17 1578 12494.269 167 10756.055 1745 23250.32 2780812017-18 1483 15333.745 160 10316.254 1643 25650 2875462018-19 1198 8409.273 170 5025.441 1368 13434.71 167,902

Total: 16131 92745.066 1820 46794.963 17951 139685.7 3,354,596SOURCE: LOCAL AND FOREIGN INVESTMENT PROMOTION WING, BIDA


ANNEXURE-8

SOURCES OF FOREIGN AND JOINT VENTURE PROJECTS REGISTERED IN 2018-2019

SL COUNTRY NO. OF PROJECTS

PROPOSED INVESTMENT PROPOSED EMPLOYMENT(Million Tk.) (Million US$)

1. India 17 3397.771 40.937 17452. Netherlands 7 141933.165 1720.402 7913. China 72 77850.8775 943.647 153714. Sri Lanka 3 8158.153 98.291 5405. USA 11 53078.685 643.378 36546. Spain 1 141.93 1.71 637. Singapore 11 102912.645 1247.426 8838. UK 1 21.746 0.262 319. Hong Kong 6 2482.53 29.91 5269

10. Thailand 2 188.991 2.277 13211. Sweden 1 197.291 2.377 1812. Japan 16 20505.2925 248.549 257913. Malaysia 5 319.716 3.852 38114. Belgium 1 29.05 0.35 5515. Switzerland 1 1485.7 17.9 416. Germany 2 332 4 30917. South Korea 4 146.163 1.761 19818. Canada 3 11.039 0.133 5719. New Zealand 1 85.905 1.035 4220. Philippines 1 852.742 10.274 4221. Taiwan 1 96.031 1.157 5522. France 2 457.579 5.513 100023. UAE 1 24.9 0.3 1745

Total 170 414709.902 5025.441 34964SOURCE: INTERNATIONAL INVESTMENT PROMOTION WING


AN

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-9

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try


ANNEXURE-10

A. HIGH PRIORITY SECTORS

1. Agriculture/Food Processing and Agricultural Machinery Manufacturers2. Ready-made garments industry3. Ready-made garments industry4. Pharmaceutical Industry5. Leather and Leather goods industry6. Light Engineering Industry7. Jute and Jute Products industry

B. PRIORITIZED SECTORS

1. Plastic Industry2. Overseas Employment3. Ship Building4. Environmental Ship Reprocessing Industry5. Tourism6. Frozen Fish Industry7. Home Textiles8. Renewable Energy (Solar Power, Windmill)9. Active Pharmaceuticals Ingredient (API) Industry and Radio Pharmaceuticals Industry10. Herbal Medicinal Plant11. Radio-active (diffusion) Application Industry (e.g. Developing Quality of Decaying Polymer/

Preservation of Food/Disinfecting Medicinal Equipment)12. Development of Polymer Industry13. Hospital and Clinic14. Auto Mobil Making and Maintenance Industry15. Handicrafts16. Energy Efficient Appliances/Manufacturing of Electronic goods/Development of Electronic Materials17. Tea Industry18. Seeds Industry19. Jewellery20. Toy21. Cosmetics and Toiletries22. Agar Industry23. Furniture24. Cement Industry


ANNEXURE-11

LIST OF SERVICE SECTORS

The burgeoning service sector has a significant contribution for the growth of the economy of Bangladesh. The service sector is creating higher value and employment. Investment in following service sectors is encouraged:

1. IT service (ITES) and activities 2. Agrobased activities 3. Construction and Housing4. Foreign Employment 5. Amusement Industries6. Gining and Belling 7. Hospital and Clinic8. Nuclear and Analytical services9. Tourism & Services10. HRD, High Scale intellectual and skilled Society11. Various types of Testing Laboratory12. Photography13.Telecommunication14.Trsansport & Communications15. WarehouseEngineering Consultancy17. Filling Station (Petrol, CNG & Conversion station) 18.Private Inland Container Depot & Container Freight Station

19. Tank Terminal20.Chain Super Market/Shopping Mall21. Aviation Service22. Inspection & Testing Services23. Regional Feeder Vessel & Coastal Ship services24. Dry Docking & Ship repair Industry25. Modernized Cleaning Service for High-rise Apartments, Commercial Buildings 26. Auto Mobile Servicing27. Technical Vocational Institutes28. Advertisement Industry and Modelling9Print Modeling, TVC, Ramp Modeling)29. R&D for Quality seeds30. Outsourcing & Security services31. Sea-going Ship movement business32. Film Industry33. Newspaper Industry



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ANNEXURE-13

COUNTRY WISE LIST OF ESTABLISHED LIAISON, BRANCH & REPRESENTATIVE (NEW & EXTENSION) OFFICE IN 2018-19

SL. NAME OF THE

COUNTRY

BRANCH OFFICE LIAISON OFFICE REPRESENTATIVE OFFICE

TOTAL

NEW EXTENSION NEW EXTENSION NEW EXTENSION1 Australia 2 1 1 42 Bangladesh 1 13 Bahrain 1 14 Belgium 1 1 2 45 Bhutan 1 16 Canada 2 1 37 China 28 9 3 1 1 428 Denmark 1 1 29 England 2 5 710 France 1 4 6 1 1211 Georgia 12 Germany 3 4 3 1 1113 Hong Kong 6 18 61 1 8614 India 18 16 12 17 1 4 6815 Ireland 1 1 216 Italy 1 1 217 Japan 4 9 12 7 3218 Jordan 1 119 Korea 1 1 220 Kuwait 1 121 Luxemburg 1 122 Malaysia 7 1 823 Malta 1 124 Mauritius 1 125 Netherlands 1 1 3 2 2 926 Oman 1 127 Pakistan 1 1 228 Poland 1 129 Qatar 1 1 230 Russia 3 3 1 2 931 Singapore 4 6 6 12 2 3032 Saudi Arabia 1 2 333 South Korea 16 1 1 1834 Spain 4 1 1 635 Scotland 1 136 Sri Lanka 2 3 537 Sweden 2 1 1 438 Sierra Leone 1 139 Switzerland 3 1 440 Thailand 1 3 441 Turkey 3 2 1 1 742 United Arab

Emirates 2 1 7 10

43 United Kingdom (UK)

4 2 11 17

44 USA 4 2 4 8 2 1 2145 Virgin Island 1 1

TOTAL 68 111 86 165 8 11 427SOURCE: FOREIGN INVESTMENT PROMOTION WING, BIDA


ANNEXURE-14

COUNTRY-WISE WORK PERMITS ISSUED IN 2018-2019

SL. NO COUNTRY NEW EXTENSION TOTAL1 Algeria 1 1 22 Australia 5 7 123 Austria 1 - 14 Bahamas 1 - 15 Belarus 2 3 56 Belgium 1 0 17 Brazil 2 0 28 Bulgaria 1 0 19 Canada 6 9 1510 Chile 1 2 311 China 456 707 116312 Colombia - 4 413 Danish - 1 114 Denmark - 1 115 Dominican Republic - 2 216 Egypt 1 4 517 England 1 0 118 France 7 4 1119 Germany 8 7 1520 Greece 2 3 521 Honduras 5 9 1422 Hong Kong - 5 523 India 606 1088 169424 Indonesia 16 26 4225 Iran 2 3 526 Italy 7 5 1227 Japan 10 15 2528 Jordan 2 0 229 Kenya 1 - 130 Kuwait 1 0 131 Lebanon 1 3 432 Lithonia 1 - 133 Madagascar - 1 134 Malaysia 12 13 2535 Mauritius 7 24 3136 Moldova 1 - 137 Mongolia 1 2 338 Montenegro 1 1 239 Morocco 1 5 640 Mozambique - 1 1


SL. NO COUNTRY NEW EXTENSION TOTAL41 Myanmar 1 - 142 Nepal 6 7 1343 Netherlands 1 - 144 New Zealand 2 1 345 Norway 3 3 646 Pakistan 111 228 33947 Philippine 57 101 15848 Poland 3 1 449 Portugal 3 1 450 Russia 26 21 4751 Serbia 2 0 252 Singapore 3 11 1453 Slovenia - 1 154 South Africa 3 1 455 South Korea 31 69 10056 Spain 7 4 1157 Sri Lanka 223 370 59358 Sweden - 2 259 Switzerland 2 0 260 Taiwan 15 26 4161 Tajikistan 1 1 262 Tanzania 1 - 163 Thailand 81 135 21664 Tunisia - 1 165 Turkey 35 32 6766 Turkmenistan 1 0 167 UAE - 1 168 UK 9 16 2569 Ukraine 4 0 470 Uruguay 2 0 271 USA 3 12 1572 Venezuela 1 173 Vietnam 21 4 2574 Yemen - 1 175 Zambia 1 - 1

Total 1829 3007 4836 SOURCE: R&I INDUSTRIAL WING, BIDA HEAD OFFICE AND ALL DIVISIONAL OFFICES, BIDA

ANNEXURE-14

COUNTRY-WISE WORK PERMITS ISSUED IN 2018-2019


ANNEXURE-15

SEMINARS/WORKSHOPS IN BANGLADESH

DATE TOPICS AND ACTIVITIES VENUE19.07.2018Thursday

Participating as the Chief Guest at the Barisal Divisional Seminar -2018 `` on Doing Business and Reforms Proposals for the

Promotion of Investment in Bangladesh ‘’.

Barisal district

27.07.2018Friday

Workshop on ‘Digital Bangladesh’ for District Administration (SDG 2030: Progress and Doing).

Bangabandhu International Conference Center, Sher-E-

Bangla Nagar, Dhaka.30.08.2018Thursday

Attending conference on “Transformation in the RMG Sector in Post-Rana Plaza Period: Findings from CPD Survey” Organized by

CPD.

Khazana Gardenia Grand Hall, House-NW(I) 8, Road-

51, Gulshan-2, Dhaka13.09.2018Thursday

Joining as Special Guest of the Seminar on “Emerging Bangladesh: Business Friendly Policies and Plans” Organized by Bangladesh-

German Chamber of Commerce & Industry (BGCCI).

Ball Room, The Westin, Gulshan-2, Dhaka.

18.09.2018Tuesday

Seminar on Workshop for Policy Coordination support by cooperation with JICA project team.

BIDA Conference Room-2, Room-417,

03.10.2018Wednesday

Attending as Chief Guest of the Seminar on “Investment Destination Bangladesh: Enhancing the Ease of Doing Business by a Fully Functional One Stop Service Centre of BIDA” Organized

by Can-Cham.

Four points by Sheraton, Gulshan-2, Dhaka

09.10.2018Tuesday

EC BIDA chaired the Seminar on South Asia Maritime & Logistic Forum 2018, (Plenary Session: Investment opportunities

& infrastructure in maritime sector) Organized by Ministry of Shipping.

Le Meridian Hotel

16.10.2018Tuesday

Attending as Chief Guest of the Workshop on FDI and Linkage Formation: Industrial Clusters and Supply-chain Development

organized by BIDA in Cooperation with JICA Project team.

BIDA Conference Room-2, Room-417

25.04.2019Tuesday

BIDA hosts International Conference on “Logistics in Bangladesh: Challenges and Future Readiness”

Hotel Radisson

14.05.2019-17.05.2019

Delegation from Mitsubishi Motors Corporation visits Bangladesh on BIDA’s invitation. --

19.05.2019Sunday

BUILD’s Dialogue on “Revisiting Tax Holiday Policy of Bangladesh for promoting Investment and Export.”

BIDA Office

23.05.2019Thursday

BIDA hosts seminar, matchmaking session for 24-member delegation from the Chinese Manufacturers’ Association (CMA) of

Hong Kong visited BangladeshHotel InterContinental

25.06.2019Tuesday

Participated in ‘Seminar on Trade and Investment Opportunities in Bangladesh’ organized by the Ministry of Foreign Affairs.

UNCLOS conference room of the Ministry of Foreign

AffairsSOURCE: INVESTMENT ECO SYSTEM WING, BIDA


ANNEXURE-16

DOUBLE TAXATION TREATIES (DTTS) BETWEEN BANGLADESH AND OTHERS COUNTRIES

Sl.No. Country Sl. No. Country1. Belgium 2. Republic of Korea3. Canada 4. Sri Lanka5. China 6. Sweden7. Denmark 8. Thailand9. France 10. The Netherlands

11. Germany 12. UK13. India 14. USA15. Italy 16. Norway17. Japan 18. Turkey19. Malaysia 20. Vietnam21. Pakistan 22. Philippines23. Poland 24. Indonesia25. Romania 26. Switzerland27. Singapore 28. Oman

SOURCE: MINISTRY OF INDUSTRIES & INVESTMENT ECO SYSTEM WING, BIDA


ANNEXURE-17

LIST OF BILATERAL INVESTMENT TREATIES BETWEEN BANGLADESH AND OTHERS COUNTRIES

SL COUNTRY LANGUAGE DATE OF SIGNED DATE OF CONFIRMATION

1. England Bengali, English 19-06-1980 19-06-19802. Germany German, Bengali, English 06-05-1981 14-09-19863. Belgium English 12-05-1981 14-09-19874. France Bengali, English, French 10-09-1985 07-09-20015. USA Bengali, English 12-03-1986 25-07-19896. South Korea English 18-06-1986 06-10-19887. Romania English 13-03-1987 31-10-19878. Turkey English, Turkey 12-04-2012 -9. Italy English 20-03-1990 13-08-199410. Canada Bengali, English, French 12-07-1990 12-07-199011. The Netherlands Bengali, English, Dutch 01-11-1994 27-03-199512. Malaysia English 12-10-1994 31-08-200313. Pakistan English 24-04-1995 05-05-199714. China Chinese, English 12-09-1996 25-03-199715. Poland English 08-07-1997 19-11-199916. Philippines English 08-09-1997 22-07-199817. Indonesia English 09-02-1998 06-12-199818. Japan English 10-11-1998 26-07-199919. North Korea English 21-06-1999 -20. Uzbekistan Bengali, English, Uzbek 18-07-2000 24-01-200121. Switzerland English 14-10-2000 03-09-200122. Austria German, English 21-12-2000 07-09-200123. Iran Persian, English 29-04-2001 03-07-200124. Thailand English 09-07-2002 13-12-200225. Singapore English 24-06-2004 -26. Vietnam English 18-05-2005 23-03-200627. India English 09-02-2009 07-07-201128. Denmark English 05-11-2009 -29. UAE Arabic, English 17-01-2011 10-10-201230. Belarus English, Russian 15-11-2012 Pending with Belarus31. Cambodia English 17-06-2014 -32. Bahrain Arabic, English 22-12-2015 11-09-201633. Kuwait Arabic, English 04-05-2016 -

SOURCE: MINISTRY OF INDUSTRIES & INVESTMENT ECO SYSTEM WING, BIDA


ANNEXURE-18

TRADING ACROSS BORDERS

EXPORT CURRENT TIME & COST

TARGET TIME & COST

Time to export: Border compliance (hours) 168 36Time to export: Documentary compliance (hours) 147 2Cost to export: Border compliance (USD) 408 200Cost to export: Documentary compliance (USD) 225 100

EXPORT CURRENT TIME & COST

TARGET TIME & COST

Time to import: Border compliance (hours) 216 72Time to import: Documentary compliance (hours) 144 24Cost to import: Border compliance (USD) 900 180-210Cost to import: Documentary compliance (USD) 370 50

SOURCE: THE WORLD BANK

ANNEXURE-19

COMPARISON OF EASE OF DOING BUSINESS RANK OF BANGLADESH IN THE 2018 & 2019 REPORT

ANNEXURE-19

COMPARISON OF EASE OF DOING BUSINESS RANK OF BANGLADESH IN THE 2018 & 2019 REPORT




AN

NE

XU

RE

-20

RE

FOR

MS

RE

POR

TE

D F

OR

DO

ING

BU

SIN

ESS

202

0 R

EPO

RT

Sl.

Indi

cato

rR

efor

ms R

epor

ted

for

DB

202

01.

Star

ting

a B

usin

ess

1. E

limin

atio

n of

pre

-req

uire

men

t of p

hysi

cal i

nspe

ctio

n of

bus

ines

s pre

mis

es to

issu

e a

VAT

regi

stra

tion

certi

ficat

e.2.

Red

uctio

n in

num

ber o

f day

s to

issu

e a

Trad

e Li

cens

e to

two

days

from

seve

n da

ys, b

y el

imin

atio

n of

pre

-insp

ectio

n fo

r iss

uanc

e

of T

rade

Lic

ense

.3.

Fee

redu

ctio

n of

Nam

e C

lear

ance

fee

to B

DT

200

from

BD

T 60

0.4.

Red

uctio

n of

Com

pany

Inco

rpor

atio

n fe

es to

BD

T 8,

020

from

BD

T 20

,670

.

5. R

educ

tion

in ti

me

requ

ired

to A

pply

for V

AT R

egis

tratio

n to

less

than

one

day

from

one

day

(Dat

a C

hang

e R

eque

sted

).2.

Dea

ling

with

Con

stru

ctio

n Pe

rmits

1. E

limin

atio

n of

10

proc

edur

es a

nd a

ssoc

iate

d co

st fo

r obt

aini

ng a

con

stru

ctio

n pe

rmit

in D

haka

and

Chi

ttago

ng:

i. O

btai

n ca

dast

ral s

urve

y m

ap fr

om L

and

Settl

emen

t Offi

ceii.

O

btai

n so

il te

st re

port

iii.

Req

uest

wat

er a

nd se

wer

age

conn

ectio

niv

. R

ecei

ve si

te in

spec

tion

for w

ater

con

nect

ion

v.

Obt

ain

wat

er c

onne

ctio

n vi

. R

ecei

ve in

spec

tor b

y ta

x in

spec

tor f

rom

City

Cor

pora

tion

upon

com

plet

ion

of c

onst

ruct

ion

vii.

Obt

ain

proj

ect c

lear

ance

from

the

loca

l aut

horit

y vi

ii. O

btai

n fir

e sa

fety

cle

aran

ce (u

p to

10t

h flo

or)

ix.

Obt

ain

clea

ranc

e fr

om E

lect

ric S

uppl

y C

o. (D

ESC

O fo

r Dha

ka, a

nd B

PDB

for C

hitta

gong

)x.

O

btai

n w

ater

and

sani

tatio

n cl

eara

nce

To

tal

num

ber

of p

roce

dure

s re

duce

d to

6 f

rom

16,

and

tot

al c

ost

redu

ced

to 0

.2%

of

war

ehou

se v

alue

fro

m 1

.8%

(a

ppro

xim

atel

y).

2.

Red

uctio

n in

tim

e re

quire

d fo

r the

follo

win

g se

rvic

es:

i. O

btai

n la

nd u

se c

lear

ance

for D

haka

(to

15 d

ays f

rom

45

days

) and

Chi

ttago

ng (t

o 15

day

s fro

m 5

0 da

ys).

ii.

Req

uest

and

rece

ive

insp

ectio

n fr

om C

ity D

evel

opm

ent A

utho

rity

for D

haka

and

Chi

ttago

ng (t

o 3

days

from

60

days

).iii

. R

eque

st a

nd o

btai

n pr

ojec

t cle

aran

ce a

nd b

uild

ing

perm

it fr

om C

ity D

evel

opm

ent A

utho

rity

for D

haka

and

Chi

ttago

ng (t

o 20

day

s fro

m 1

05 d

ays)

.iv

. Su

bmit

notic

e of

com

plet

ion

and

obta

in o

ccup

ancy

per

mit

for D

haka

(to

7 da

ys fr

om 2

1 da

ys).

3.G

ettin

g E

lect

rici

ty1.

Red

uctio

n in

num

ber o

f day

s to

get a

n el

ectri

city

con

nect

ion

by 4

1 da

ys.

2. R

educ

tion

in ti

me

(num

ber o

f day

s) to

obt

ain

licen

se fr

om E

LB to

7 d

ays.

3. R

educ

tion

in c

ost f

or a

pply

ing

for e

lect

ricity

con

nect

ion

to D

ESC

O.


Sl.

Indi

cato

rR

efor

ms R

epor

ted

for

DB

202

04

Reg

iste

ring

Pro

pert

y1.

Red

uctio

n in

tim

e fo

r the

follo

win

g:i.

Con

duct

firs

t mut

atio

n an

d ob

tain

an

upda

ted

reco

rd o

f rig

hts (

Kha

tian)

at t

he A

ssis

tant

Com

mis

sion

er o

f Lan

ds (A

C L

and

– Ta

hsil)

an

d th

e Ass

ista

nt C

omm

issi

oner

of L

ands

con

duct

s an

insp

ectio

n fo

r upd

atin

g th

e re

cord

of r

ight

s (K

hatia

n) (t

o 28

day

s fro

m 5

4

day

s).

ii. C

ondu

ct se

cond

mut

atio

n to

cha

nge

the

owne

rshi

p at

the A

ssis

tant

Com

mis

sion

er o

f Lan

ds (A

C L

and)

– T

ahsi

l (re

duce

d to

28

d

ays f

rom

53

days

).

2. Im

prov

emen

t in

four

qua

litat

ive

area

s:

i. Tr

ansp

aren

cy o

f Inf

orm

atio

n In

dex

ii.

Geo

grap

hica

l Cov

erag

e In

dex

iii.

Rel

iabi

lity

of In

fras

truct

ure

Inde

x iv

. La

nd D

ispu

te R

esol

utio

n In

dex

5.G

ettin

g C

redi

tC

over

age

of m

ore

than

five

per

cent

of

adul

t pop

ulat

ion

(5,6

26,5

12 a

dults

out

of

109,

561,

438

adul

ts)

in th

eir

cred

it in

form

atio

n bu

reau

/cre

dit r

egis

try.

6.Pr

otec

ting

Min

ority

Inve

stor

sIm

prov

emen

t in

five

qual

itativ

e ar

eas:

i. Ex

tent

of D

irect

or L

iabi

lity

Inde

xii.

Ex

tent

of D

iscl

osur

e In

dex

iii.

Ease

of S

hare

hold

er S

uits

Inde

xiv

. Ex

tent

of S

hare

hold

ers R

ight

Inde

xv.

Ex

tent

of O

wne

rshi

p an

d C

ontro

l Ind

ex7.

Payi

ng T

axes

Red

uctio

n in

tim

e fo

r VAT

refu

nd p

roce

ss fo

r Cur

rent

Acc

ount

Reg

istry

(to

1 w

eek

from

18

wee

ks).

8.Tr

adin

g ac

ross

Bor

ders

1.G

oB h

as ta

ken

Nat

iona

l Lev

el P

olic

y de

cisi

on to

set t

arge

t for

redu

ctio

n of

:i.

Tim

e to

Exp

ort:

Bor

der C

ompl

ianc

es (t

o 36

hou

rs fr

om 1

68 h

ours

)ii.

Ti

me

to E

xpor

t: D

ocum

enta

ry C

ompl

ianc

es (t

o 2

hour

s fro

m 1

47 h

ours

)iii

. C

ost t

o Ex

port:

Bor

der C

ompl

ianc

es (t

o U

S$20

0 fr

om U

S$40

8)iv

. C

ost t

o Ex

port:

Doc

umen

tary

Com

plia

nces

(to

US$

100

from

US$

225)

2. N

atio

nal L

evel

Pol

icy

adop

ted

for r

educ

tion

of:

i. Ti

me

to Im

port:

Bor

der C

ompl

ianc

es (t

o 72

hou

rs fr

om 2

16 h

ours

)ii.

Ti

me

to Im

port:

Doc

umen

tary

Com

plia

nces

(to

24 h

ours

from

144

hou

rs)

iii.

Cos

t to

Impo

rt: B

orde

r Com

plia

nces

(to

US$

180

-210

from

US$

900

)iv

. C

ost o

f Im

port:

Doc

umen

tary

Com

plia

nces

(to

US$

50 fr

om U

S$37

0)SO

URC

E : T

HE

WO

RLD

BAN

K

AN

NE

XU

RE

-20

RE

FOR

MS

RE

POR

TE

D F

OR

DO

ING

BU

SIN

ESS

202

0 R

EPO

RT


AN

NE

XU

RE

-21

FDI I

nflow

s (N

et) c

lass

ified

by

Maj

or c

ount

ries

and

Maj

or S

ecto

rs d

urin

g FY

201

9

Cou

ntry

/Se

ctor

Power

Food

Banking

Textile & Wearing

Telecom

NBFI

Gas & Petroleum

Trading

Leather & Leather goods

Chemicals & pharmaceuticals

Agriculture & fishing

Construction

Software & IT

Insurance

Fertilizer

Other sectors

Total net FDI inflows

Peop

le's

R

epub

lic o

f C

hina

960.

590.

06…

52.7

1-0

.12

113.

07…

8.04

0.03

2.36

0.07

5.7

……

0.12

16.7

911

59.4

2

Net

herl

ands

6.

9772

7.15

-13.

5320

.80.

05…

2.85

18.5

4.81

…0.

10.

080.

13…

0.86

34.0

780

2.84

Uni

ted

Kin

gdom

82.6

852

.05

172.

58-7

.40.

071.

32…

1.55

…17

.86

18.2

52.

820.

14…

1.26

15.6

735

8.85

Sing

apor

e45

.36

12.7

52.

4433

.73

0.56

-0.0

63.

117

.72

0.01

1.37

4.43

4.54

1.45

…0.

0112

6.6

254.

01U

nite

d St

ates

of

Am

eric

a-6

.51

0.11

15.6

46.

55-0

.03

0.37

93.3

514

.61

0.01

…0.

16…

21.9

632

.32

…8.

8118

7.35

Hon

g K

ong:

SA

R o

f C

hina

9.4

0.06

11.1

664

.45

3.48

0.04

…11

.63

5.56

…0.

01…

0.18

……

28.4

134.

37

Nor

way

……

9.72

…11

9.59

……

0.22

……

……

…0.

01…

3.86

133.

4In

dia

12.3

61.

93.

2313

.28

14.9

1…

…6.

061.

296.

120.

810.

011.

060.

490.

0152

.17

113.

7Sr

i Lan

ka26

.31

2.61

41.9

213

.37

…0.

97…

0.58

…0.

26…

0.29

0.16

…0.

713.

6690

.84

Japa

n 1.

930.

810.

253.

853.

75…

4.96

1.62

0.47

-0.5

91.

2710

.60.

39…

16.6

626

.94

72.9

1M

ayal

sia

0.31

…-0

.01

-0.0

659

.40.

57…

…0.

120.

07…

0.08

6.73

……

0.55

67.7

6U

nite

d A

rab

Em

irat

es28

.47

3.08

7.92

0.77

…0.

231.

773.

74…

0.01

…3.

711.

31…

0.01

11.3

162

.33


Cou

ntry

/Se

ctor

Power

Food

Banking

Textile & Wearing

Telecom

NBFI

Gas & Petroleum

Trading

Leather & Leather goods

Chemicals & pharmaceuticals

Agriculture & fishing

Construction

Software & IT

Insurance

Fertilizer

Other sectors

Total net FDI inflows

Taiw

an:

Prov

ince

of

Chi

na

…0.

76…

6.03

……

…4.

543

.81

…0.

01…

……

…5.

1260

.23

Mau

ritiu

s 42

.96

1.01

…12

.13

1.12

……

-1.3

8…

……

…0.

08…

…2.

6458

.56

Switz

erla

nd0.

6627

.07

…7.

38…

0.62

……

…7.

65…

0.02

0.29

……

649

.69

Ber

mud

a…

……

24.1

8…

……

……

……

……

……

7.82

32T

haila

nd…

0.83

……

……

…0.

21…

0.08

14.0

59.

4…

……

6.8

31.3

7C

anad

a…

…4.

291.

68…

…0.

710.

210.

010.

01…

…0.

02…

…21

.22

28.1

5B

ritis

h V

irgi

n Is

land

s

0.48

……

17.2

3…

0.47

……

…0.

01…

…0.

14…

…5.

8524

.18

Swed

en…

……

0.59

19.6

1…

…0.

110.

250.

41…

……

……

2.47

23.4

4O

ther

co

untr

ies

5.87

0.63

43.7

4-8

.61

0.36

2.17

4.07

10.3

516

.88

9.03

0.03

0.22

2.65

…12

.63

43.5

714

3.59

Tota

l net

FD

I in

flow

s 12

17.8

483

0.88

299.

3526

2.66

222.

7511

9.77

110.

8198

.27

73.2

544

.65

39.1

937

.47

36.6

932

.82

32.2

743

0.32

3888

.99

Sou

rce:

Sta

tistic

s Dep

artm

ent,

Bang

lade

sh B

ank

AN

NE

XU

RE

-21

FDI I

nflow

s (N

et) c

lass

ified

by

Maj

or c

ount

ries

and

Maj

or S

ecto

rs d

urin

g FY

201

9

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