Bangladesh Economic Zones Authority (Beza) has recently been empowered to issue trade licences to the people who want to invest in the economic zones.
The Beza has got the right along with union councils nearly nine years after its formation in 2010.
Beza's Executive Chairman Paban Chowdhury shared the info at the final licence awarding ceremony of Kishoreganj Economic Zone (KEZ) organised by Beza at Bangabandhu International Conference Centre in Dhaka yesterday.
Previously union councils were the bodies authorised to provide licences to investors as per “Local Government (Union Council) Act 2009”.
On February 11, the local government, rural development and cooperatives ministry issued a statutory regulatory order (SRO) and gave the right to Beza.
“Now the businessmen will get trade licence from Beza within 24 hours without any hassle,” said Chowdhury.
Investors had to endure long hours and provide speed money in some cases to get the trade licence from the local government bodies, he said.
When availing it from Beza, investors will not need to visit union parishads, a progress made possible with Beza's One Stop Service, he said.
According to the SRO, Beza will collect the necessary trade licence fee from the businesspeople before forwarding it to the union parishad concerned.
Addressing the programme, Md Abul Kalam Azad, principal coordinator for SDG affairs at the Prime Minister's Office, urged the businesspeople to adopt sophisticated technologies at their production units.
“Everybody should start working on their own accord to achieve the expected targets of 2021, 2030 and 2041,” he said.
The government is giving top priority to private sector development so that the country could achieve the targets, Azad said.
Selima Ahmad, vice chairperson of Nitol Niloy Group, which owns the KEZ, said it would create a lot of employment opportunities for the people of Kishoreganj and contribute to the national economy.
Presided over by Abdul Matlub Ahmad, chairman of Nitol Niloy Group, the event had Farukh Hossen, executive chairman of National Skill Development Authority of PMO, and Abdul Musabbir Ahmed, managing director of KEZ, as speakers among others.