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Published on November 9, 2016
She also urged to draw more local and foreign investments (FDI) to create newer job opportunities and boost economic activities.
"We'll have to further raise both the local and foreign investment in the country," she told BIDA's first meeting at her office here on Wednesday as the chair of the new public entity created amalgamating the now defunct Privatization Commission and Board of Investment (BOI).
Established under Bangladesh Investment Development Authority (BIDA) Act 2016, the Bangladesh Investment Development Authority (BIDA) would be the principal private investment promotion and facilitation agency of Bangladesh.
Briefing reporters after the meeting Prime Minister's Press Secretary Ihsanul Karim said Sheikh Hasina particularly sought effective BIDA role in building more youth entrepreneurship in the country.
She urged the BIDA officials to encourage youths to utilize the collateral free credit facilities extended by the Karmasangsthan Bank up to Tk 2 lakh meant for them. The premier simultaneously asked BIDA to be cautious about environmental conservation and ensure that industries are not set up in agricultural land elsewhere in the country.
"The industries should be set up properly in suitable places without wasting arable lands," she said.
BIDA Executive Chairman Kazi M Aminul Islam made a presentation on the future plan and overall activities of the BIDA.
The meeting discussed about formulation of necessary rules and regulations to run the organization smoothly.
Finance Minister AMA Muhith, Industries Minister Amir Hossain Amu, Agriculture Minister Begum Matia Chowdhury, Housing Minister Engineer Mosharraf Hossain, Planning Minister AHM Mustafa Kamal, State Minister for Energy Nasrul Hamid Bipu.
Bangladesh Bank Governor Fazle Kabir, Chairman of Security and Exchange Commission Dr M Khairul Hossain, and FBCCI President Abdul Matlub Ahmed and concerned secretaries were present at the maiden BIDA meeting.
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