BIDA-Novo Freight Logistics MoU to expand Bangladesh trade, investment

01 Dec '23

1 min read

Pic: Novo Group

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The Bangladesh Investment Development Authority and Novo Freight Logistics Ltd. have signed an MoU to expand trade and investment in the country.
The MoU will attract domestic and foreign investors, offer better investment services, coordinate between domestic and foreign investors, offer investment guidelines and expand logistics cooperation for investors.

The Bangladesh Investment Development Authority (BIDA) and Novo Freight Logistics Limited recently signed a memorandum of understanding (MoU) to expand trade and investment in the country.

The MoU will help attract domestic and foreign investors, offer improved investment services, coordinate between domestic and foreign investors, offer investment guidelines and expand logistics cooperation for investors.

BIDA executive member Mohsina Yasmin and Novo Group managing director Syed Mustafizur Rahman signed the MoU in Dhaka, according to a press release.

In the last 15 years, infrastructure development, political stability and the application of technology in business and trade investment has made Bangladesh one of the best destinations for safe investment, BIDA executive chairman Lokman Hossain Mia said at the signing ceremony.

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