Bangladesh Investment Development Authority
The Bangladesh Investment Development Authority (BIDA) () is the apex investment promotion agency (IPA) of the Government of the People's Republic of Bangladesh. BIDA promotes and facilitates private investment and advocates business-friendly policies. BIDA provides regulatory services including registration, approvals and recommendations. BIDA is supervised by the Prime Minister's Office. The head office of BIDA is located in Dhaka and its divisional offices are in Chattogram, Rajshahi, Khulna, Sylhet and Barishal. History. BIDA was formed on September 1, 2016 through the enactment of the Bangladesh Investment Development Authority Act 2016, which merged the then  Board of Investment (BOI) and then Privatization Commission to establish the new authority. Organization. The Prime Minister is the chair of the governing board of BIDA. The Finance Minister is the vice-chair. The governing board supervises the executive council, which is headed by the executive chairman (senior secretary) and made up of 6 (six) executive members. Mohammad Sirazul Islam has been the Executive chairman of the authority since September 4, 2019. He has been appointed to the position for three years. BIDA has six wings headed by executive members (additional secretary), which are: Strategic Investment, Marketing and Communication, International  Investment Promotion, Local Investment Promotion, Investment Environment Services, Investment Ecosystem. The BIDA Secretary heads the administrative wing. Services. BIDA is the first stop for investors exploring investment opportunities in Bangladesh. BIDA conducts active promotion of diversified investments in key strategic sectors and facilitates the entry, operation and growth of investment projects. BIDA also provides regulatory, information and aftercare services. Following are the services offered by BIDA: Online One Stop Service (OSS) portal. BIDA hosts the country's first inter-operable online One Stop Service (OSS) Portal. BIDA established this platform by driving the digitization and integration of the investor services  of various ministries, departments and agencies in Bangladesh. There are currently 51 services of 16 agencies available on this single-window platform. BIDA is working to integrate over 150 services of over 40 separate investor service providers. The International Finance Corporation, a development partner of BIDA, is providing technical assistance for the effective development of the OSS portal.