Saturday, June 14, 2008

Opportunity for Non Resident Bangladeshis

Dear Non Resident Bangladeshi(NRB) Brothers and Sisters Invest in Bangladesh for the development of our beloved Country.Bangladesh Government has adopted a very liberal industrial policy to attract foreign investment.Specially all of our NRB should utilize the opportunity.
- No limitations pertaining to equity participation i.e. up to 100 percent foreign private investment allowed.- Except five reserve sectors, all industries are open for private investment. Industries earmarked for public sector investment are in the reserve sector namely :

(i) arms, ammunition and other defence equipment and machinery

(ii) Production of nuclear energy,

(iii) Forest plantation and mechanized extraction within the

bounds of reserved forests,

(iv) Security printing (currency notes ) & minting and,

(v) Railways & air transportation (except certain domestic routes

and air cargo) - No permission of the government required to set up new industries.

- For obtaining industries facilities like procurement of land, electricity, gas and sewerage conection, importation of capital machinery and raw materials tax rebate, duty drawback facilities etc. industries need only to be registered with the board of investment (BOI) in a simple prescribed from.

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