FEPD Circular Letter No. 28: Establishment of Bangladesh Investment Development Authority (BIDA)

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka-1000. Ref. No. FEPD Circular Letter No. 28 Date: ---------------------- October 03, 2016

To All Approved Dealers of Foreign Exchange Transactions Head Office / Principal Office.

Dear Sir,

Regarding the establishment of the Bangladesh Investment Development Authority (BIDA).

The instructions given through letter number 03.069.022.08.00.018.2016(Part)-283(75) dated September 25, 2016, from the Office of the Prime Minister on the above-mentioned subject are reproduced verbatim on the next page for your kind information and necessary action.

You are requested to inform all concerned about the matter.

Yours faithfully,

Enclosed: As per text.

(Jagannath Chandra Ghosh) Deputy General Manager Phone: 9530092

[Reproduced]

Government of the People's Republic of Bangladesh Office of the Prime Minister Old Parliament House Dhaka 03.069.022.08.00.018.2016(Part)-283(75) 10 Ashwin, 1423 B: Letter No. .............................................. Date................................ September 25, 2016 AD:

Subject: Establishment of Bangladesh Investment Development Authority (BIDA).

It is hereby informed that the Bangladesh Investment Development Authority Act, 2016 was enacted on August 01, 2016, with the aim of merging the Investment Board and the Privatization Commission. According to the rules of the said Act, the Bangladesh Investment Development Authority (BIDA) was formed on September 01, 2016, and the functions of the Investment Board and the Privatization Commission have been abolished. However, all ongoing functions of the abolished Investment Board and Privatization Commission will continue through the Bangladesh Investment Development Authority.

2. It is mentioned that the functions of BIDA have started from September 01, 2016. Detailed information can be collected from the website of the Bangladesh Investment Development Authority www.bida.gov.bd.

(Signed) (Wahida Akter) Director Phone: 9110140

Distribution with request for information and necessary action (not according to seniority):

1. Governor, Bangladesh Bank, Motijheel, Dhaka.
2. Secretary, Cabinet Division, Bangladesh Secretariat, Dhaka.
3. Senior Secretary/Secretary-------------------------Bangladesh Secretariat, Dhaka.
4. Executive Chairman, Bangladesh Investment Development Authority, Jiban Bima Tower, 10 Dilkusha B/ A, Dhaka.
5. Chairman, Bangladesh Public Service Commission, Sher-e-Bangla Nagar, Agargaon, Dhaka.
6. Comptroller and Auditor General, Segun Bagicha, Dhaka.
7. Chief Accountant, Office of the Prime Minister, CGA Building, Segun Bagicha, Dhaka.

Copy with request for information:

1. Director General (All), Office of the Prime Minister, Tejgaon, Dhaka.
2. Director (All), Office of the Prime Minister, Tejgaon, Dhaka.
3. Private Secretary to the Chief Secretary, Office of the Prime Minister, Tejgaon, Dhaka.
4. Private Secretary to the Secretary, Office of the Prime Minister, Tejgaon, Dhaka.