Bangladesh Investment Development Authority
Profile
- Head
- Chowdhury Ashik Mahmud Bin Harun
- Role
- Executive Chairman
- Annual budget
- —
- Staff
- —
- Established
- 2016
- Legal basis
- Bangladesh Investment Development Authority Act 2016; created 1 September 2016 by merger of the Board of Investment (est. 1989 under BOI Ordinance 1989) and the Privatization Commission (est. 1993 as Privatization Board, reconstituted 2000)
Actively executing a digitization and single-window reform agenda: royalty payments fully digital (approval cut from 2 months to 7 days, May 2026), BanglaBiz 2.0 portal live (February 2026), 7 city corporations integrated into OSS (January 2026), and a joint 180-day action plan with BEZA/PPPA/MIDA in place. Net FDI inflows rose 39.36% in 2025 per BIDA's own press release.
Recent activity
- 2026-05-14 statement BIDA press release: Bangladesh net FDI inflows rose 39.36% in 2025 compared to the prior year. ↗
- 2026-05-06 reform BIDA press release: Royalty payment approval service fully digitized; approval time reduced from approximately two months to seven days, eliminating manual processing. ↗
- 2026-05-03 policy MIDA (Marine Industries Development Authority, a BIDA partner) convened shrimp industry stakeholders for consultation on export expansion; proposed a dedicated Shrimp Economic Zone. ↗
- 2026-03-16 policy BIDA, BEZA, PPPA and MIDA jointly unveiled a 180-day investment facilitation action plan to accelerate approvals and coordinate inter-agency services. ↗
- 2026-03-09 regulation Bangladesh Bank simplified share transfer and profit repatriation procedures for foreign investors, complementing BIDA's OSS facilitation mandate. ↗
- 2026-02-01 reform BIDA and JICA launched BanglaBiz 2.0 (banglabiz.gov.bd), a unified digital portal for business licenses and permits consolidating regulatory clearances across multiple agencies. ↗↗
- 2026-01-19 circular MoUs signed to integrate the regulatory services of 7 city corporations with the BIDA One Stop Service (OSS) portal, expanding online clearance coverage to municipalities. ↗
Provenance & notes
bida.gov.bd redirects to investbangladesh.gov.bd (301); all canonical URLs use investbangladesh.gov.bd. BIDA was established 1 September 2016 by merging the Board of Investment (BOI, est. 1989) and the Privatization Commission (est. 1993/2000). Its 17-member governing board is chaired by the Prime Minister, with the Finance Minister as vice-chairman. Executive Chairman Chowdhury Ashik Mahmud Bin Harun is the operational head; exact appointment date not confirmed from accessible primary sources (head_since = null). Staff count and annual budget are not publicly disaggregated on BIDA's website or any accessible source; set to null. The 'single-clearance reform' referenced for May 7, 2026 corresponds most closely to the OSS digitization/BanglaBiz 2.0 program and the royalty-payment service overhaul announced May 6, 2026 (per BIDA's own press release list at investbangladesh.gov.bd/press-release). No separately dated May 7 press release was retrievable from BIDA or Bangladeshi English-language outlets at the time of this record's construction. entity_type set to 'department' per task specification; BIDA is technically a statutory authority (autonomous body) under the PMO.
Sources
- https://investbangladesh.gov.bd/about-bida
- https://investbangladesh.gov.bd/press-release
- https://investbangladesh.gov.bd
- https://en.wikipedia.org/wiki/Bangladesh_Investment_Development_Authority
- https://en.banglapedia.org/index.php/Bangladesh_Investment_Development_Authority
- https://en.banglapedia.org/index.php/Board_of_Investment