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Ashik Chowdhury Named Chairman of Invest Bangladesh Authority

The government has appointed Ashik Chowdhury as the Chairman of the Invest Bangladesh Authority, effective immediately.

By Staff Correspondent
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Ashik Chowdhury appointed Invest Bangladesh Authority chairman | Business
BSS

The government has appointed Chowdhury Ashik Mahmud Bin Harun as Chairman of the Invest Bangladesh Authority under the Prime Minister's Office for a one-year term on a contractual basis. The appointment was announced in a notification issued by the Ministry of Public Administration, signed by its Deputy Secretary Md Golam Rabbani. According to the notification, Chowdhury Ashik Mahmud Bin Harun has been appointed as chairman of the Invest Bangladesh Authority for one year from the date of his joining, in accordance with sub-section (5) of Section 4 of the Invest Bangladesh Act, 2026.

The Invest Bangladesh Authority is a key institution aimed at promoting foreign and domestic investment in Bangladesh. It operates under the Prime Minister's Office and plays a crucial role in creating a conducive environment for investment, providing necessary support to investors, and ensuring that investment-related policies are effectively implemented. The appointment of a new chairman is expected to bring fresh perspectives and strategies to enhance the country's investment climate.

Chowdhury Ashik Mahmud Bin Harun's appointment is subject to the condition that he relinquishes any other profession, business, or employment with any government, semi-government or private institution or organization. The notification stated that other terms and conditions of his appointment would be determined through a contract. The order was issued in the public interest, highlighting the importance of having a dedicated individual to lead the authority.

FAQs

Q: What is the Invest Bangladesh Authority? A: The Invest Bangladesh Authority is an institution under the Prime Minister's Office dedicated to promoting and facilitating both foreign and domestic investments in Bangladesh. It aims to create a favorable investment environment, support investors, and ensure the effective implementation of investment-related policies.

Q: What are the key responsibilities of the Chairman of the Invest Bangladesh Authority? A: The Chairman of the Invest Bangladesh Authority is responsible for leading the institution in its mission to attract and support investments. This includes developing strategies to enhance the investment climate, liaising with investors, and ensuring that the authority's policies and initiatives are effectively executed.

Q: How long is Chowdhury Ashik Mahmud Bin Harun's appointment as Chairman? A: Chowdhury Ashik Mahmud Bin Harun has been appointed as Chairman of the Invest Bangladesh Authority for a one-year term on a contractual basis.

Q: What conditions must Chowdhury Ashik Mahmud Bin Harun fulfill to hold this position? A: To hold the position, Chowdhury Ashik Mahmud Bin Harun must relinquish any other profession, business, or employment with any government, semi-government, or private institution or organization.

Source: BSS

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