Bida, US venture capital firm to work together to attract FDI

The Bangladesh Investment Development Authority (Bida) has joined hands with US-based venture capital firm Anchorless Bangladesh to attract and facilitate targeted global investments and jointly promote investment opportunities in Bangladesh and abroad.

A memorandum of understanding (MoU) was signed in this regard at a programme at Bida's head office in Dhaka's Agargaon yesterday.

The MoU includes provisions for attracting high-value technology and high-impact investments in key priority sectors and providing support and advisory related to FDI and equity investment.

"The Bida is strongly focused on building strategic partnerships that will allow us to access investor communities in our target markets for foreign direct investment and equity investment," said Bida Executive Chairman Md Sirazul Islam.

"Bida and Anchorless Bangladesh will work together to design investment outreach that is targeted, customised and therefore, more effective."

"We, at Anchorless, strongly believe that Bangladesh is one of the best investment opportunities in the world with an incredible story to be told, and we look forward to working with Bida to do so," said Rahat Ahmed, founding partner and CEO of Anchorless Bangladesh.