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Non-resident entrepreneurs to get 49% capital from equity fund

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February 14, 2001 

Dhaka--(UNB) – In an effort to attract private investment, particularly from the non-resident Bangladeshi entrepreneurs, the government has created an equity fund of Tk 100 crore.

Bangladesh Bank will provide new entrepreneurs 49 percent of their requisite capital from the fund for setting up new industries.

Bangladesh Bank and Bangladesh Krishi Bank yesterday a Memorandum of Understanding in this regard.

Under the programme, Bangladesh Krishi Bank will invest in food processing and other agro-based industries.

The minimum project cost under this programme will be Tk 1.50 crore. New and non-resident Bangladeshi entrepreneurs will be given preference for investment under the programme.

Executive Director of Bangladesh Bank Ziaul Hasan Siddiqui and BKB Managing Director Murshid Muli Khan signed the MOU on behalf of their respective organisations.

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