Investment News

Araihazar Economic Zone is a Japan-Bangladesh G2G Economic Zone

Apr 13, 2021

Araihazar Economic Zone is a Japan-Bangladesh G2G Economic Zone

BIDA has integrated five more services into its online One Stop Service portal, raising the total number of services to 47.

During a virtual ceremony held on Apr 13, the services were officially launched.  

New electricity connections from Dhaka Electric Supply Company (DESCO), Northern Electric Supply Company (NESCO) and West Zone Power Distribution Company (WZPDCO) can now be obtained through the OSS. The National Board of Revenue’s (NBR) e-BIN (Online VAT Registration) can also be availed besides 2nd Adhoc Import Registration Certificate (IRC) from BIDA.

BIDA’s online One Stop Service portal is the country’s first interoperable online platform, which offers e-payment enabled, hassle-free and contactless investor services. Earlier on Mar 15, BIDA’s OSS won the Bangladesh Brand Forum’s Best Innovation in Public Service award for Innovation in Integration. BIDA, with technical assistance from the International Finance Corporation (IFC), is working to integrate as many as 154 services of 35 agencies as part of its effort to improve Bangladesh’s business climate.