Govt moves to streamline investment process for foreign investors

The government is working to bring services of different agencies under a one-stop system to speed up business approvals and make investment procedures easier for foreign investors. The matter was discussed when a delegation from Mitsui & Co, one of Japan's largest trading and investment companies, met Prime Minister Tarique Rahman at the Prime Minister's Office today. During the meeting, the Bangladesh government told the delegation that it was pursuing an investment-friendly policy and would extend full cooperation to attract and expand foreign investment. Prime Minister's Deputy Press Secretary Mostafa Julfikar Hasan said the meeting discussed investment prospects and possible expansion in different sectors, including food, agriculture, energy and ICT.

The meeting was held at the Cabinet Division at the Secretariat this morning. Mitsui & Co operates globally in several sectors, including logistics, infrastructure, metals, energy and food trade. PMO sources said the government has taken the initiative to bring services of different agencies under a one-stop arrangement so that investors can complete business operation and approval procedures quickly and smoothly. Finance Minister Amir Khasru Mahmud Chowdhury, Prime Minister's Adviser Rashed Al Mahmud Titumir, Prime Minister's Special Assistant Shakirul Islam Khan, and Finance Secretary Md Khairuzzaman Majumder were present.

The Mitsui delegation included Makoto Sato, director, executive vice president and chief executive officer of the Asia Pacific Business Unit; Takanobu Murayama, chief strategy officer of the Asia Pacific Business Unit; Kenichiro Kawamoto, country chairperson of Mitsui Bangladesh; and Md Moniruzzaman, deputy general manager of the Dhaka branch.