Investment will rise if delays in business are reduced, says commerce minister
Photo: Collected
Commerce Minister Khandaker Abdul Muktadir has stressed reducing administrative complexities and streamlining government services to make doing business and investment activities in the country easier, faster and more effective.
He said this on Thursday at a meeting on the simplification of business processes at the conference room of the commerce ministry at the Secretariat.
Officials of the Registrar of Joint Stock Companies and Firms (RJSC) and the Invest Bangladesh Authority (IBA) took part in the meeting, held with the commerce minister in the chair. Commerce Secretary Md Ataur Rahman Khan was also present.
The existing processes for business registration, obtaining the necessary approvals and getting the related government services were reviewed at the meeting.
In the discussion, importance was given to eliminating unnecessary steps, shortening the time taken to complete processes and ensuring easy, fast and effective services for entrepreneurs and investors.
The commerce minister said that if unnecessary administrative barriers and delays in doing business can be reduced, the creation of new entrepreneurs and the attraction of domestic and foreign investment will be encouraged.
He also stressed the need to make the service delivery system simpler and more user-friendly, alongside strengthening coordination among the government offices and agencies concerned.
Khandaker Abdul Muktadir spoke of bringing business and investment-related services under an integrated digital system step by step, so that transparency, dynamism and accountability can be ensured.
The ongoing initiatives of the agencies concerned, the existing barriers to simplifying business processes and possible steps to improve the service delivery system were also discussed at the meeting.
Senior officials of the commerce ministry, Business Bangladesh and the agencies concerned were present at the meeting.