Chap 1(pt-1)2p - Bbs.gov.bd

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38 handicrafts, agro-based industries, multilateral jute goods, silk industries, fruit processing, poultry farming, fisheries, tea-gardening and processing, vegetable seed farming, floriculture and agroforestry, and printing industries, ginning and baling, construction industries, transportation (including automobiles), cinema and photography, pathological laboratories, cold storage, furniture, computer industries, fast food, frozen food, etc, under service industries, and many other sectors are included in the SMEs.
39 2. SMEs will be established on a greater scale across the country in order to bring about poverty alleviation, unemployment reduction and creating more employment opportunity so that national economic growth can be attained. To this end, the <strong>gov</strong>ernment has taken an initiative to draw up a separate SME policy with a view to providing necessary guidelines and strategic assistance in respect of establishing SMEs throughout the country. The guidelines and strategy incorporated in the relevant policies will be pursued in establishing and expanding SMEs of all kinds throughout the country. Foreign investment : 1. Foreign direct investment will be encouraged in all industries in Bangladesh exce<strong>pt</strong> those in the reserved lists, banking, insurance and other financial institutions. This type of investments can be made in local public and private sectors individually or jointly. The capital market will be open for “portfolio” investments. 2. The legal framework for foreign investments has been drawn up on the basis of the Foreign Investment (Development and Preservation) Act 1980. The framework is as follows: Equal treatment of both local and foreign investments. Safeguarding foreign investments from state expropriation. Assurance of repatriating finance and profit deriving from share disposal. 3. There will be no restrictions to foreign investment in terms of equity participation, i.e., 100% foreign equity can be invested. While setting up industries with complete foreign investment or in joint venture, there will be no restrictions to the sale of shares through public issue irrespective of paid-up capital. However, foreign investors or institutions can purchase shares through Stock exchange as per guidelines framed by the concerned authority. Foreign investors or institutions can avail loan from local banks to meet their running costs. Conditions for such type of loan will be determined on the basis of the relations between the bank and the borrower. 4. Foreign investors can avail of the same facilities as local investors in terms of tax holiday, royalty payment, technical fees, etc. Personal 39
Page 1 and 2: 1 Chapter I INTRODUCTION 1
Page 3 and 4: 3 General AN OVERVIEW Bangladesh em
Page 5 and 6: 5 Bangladesh was liberated on Decem
Page 7 and 8: 7 The people of Bangladesh are very
Page 9 and 10: 9 Bangladesh. In 2001-2002, about 2
Page 11 and 12: 11 14. (a) Administrative and other
Page 13 and 14: 13 16 (a) Population of Statistical
Page 15 and 16: 15 22. Principal Industries: 23. Pr
Page 17 and 18: 17 33. Gross Domestic Product (GDP
Page 19 and 20: 19 39. Govt. finance (billion Taka)
Page 21 and 22: 21 FUNDAMENTAL RIGHTS AS PROVIDED B
Page 23 and 24: 23 ORGANS OF THE STATE The Republic
Page 25 and 26: 25 PUBLIC ADMINISTRATION Bangladesh
Page 27 and 28: 27 Livestock 24. Dr. Md. Afsarul Am
Page 29 and 30: 29 Sl. No. 21. Ministry of Foreign
Page 31 and 32: 31 To achieve the broad objectives
Page 33 and 34: 33 INVESTMENT SCENARIO IN BANGLADES
Page 35 and 36: 35 35 - Provide assistance to augme
Page 37: 37 Private sector investment: The r
Page 41 and 42: 41 5. In respect of foreign investm
Page 43 and 44: 43 BOARD OF INVESTMENT (BOI) The Go
Page 45 and 46: 45 Courtesy service: The Board of I
Page 47 and 48: 47 Procedure of import of raw and p
Page 49 and 50: 49 Technical know-how and technical
Page 51 and 52: 51 concerned authorities if require
Page 53 and 54: 53 Public Limited Companies : a) A
Page 55 and 56: 55 The period of tax holiday is cal
Page 57 and 58: 57 2. Those industries that export
Page 59 and 60: 59 59 (j) If local raw materials ar
Page 61 and 62: 61 Privatization Commission of Bang
Page 63 and 64: 63 In the cases mentioned above the
Page 65 and 66: 65 - Conducting research and publis
Page 67 and 68: 67 In 2000 only 2.2% of total house
Page 69 and 70: 69 PRIVATE SECTOR POWER GENERATION
Page 71 and 72: 71 Policy of Bangladesh” publishe
Page 73 and 74: 73 11. Sonali Bank (UK) Ltd. Birmin
Page 75 and 76: 75 Bank 1, Rajuk Avenue 110 - Dhaka
Page 77 and 78: 77 15 . 16 . NCC Bank Ltd. 7-8, Mot
Page 79 and 80: 79 BANKING SYSTEM Name of the bank
Page 81 and 82: 81 INSURANCE Name of the company Ad

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