DHAKA, Nov 29, 2023 (BSS) - Bangladesh Investment Development Authority
(BIDA) and Novo Freight Logistics Limited today inked a Memorandum of
Understanding (MoU) to work jointly for expanding trade and investment in
Bangladesh.

Mohsina Yasmin, Executive Member of BIDA, and Syed Mustafizur Rahman,
Managing Director, Novo Group, signed the MoU on behalf of their respective
organizations at a function at BIDA headquarters in the city, said a press
release.

Addressing the programme as the chief guest, BIDA Executive Chairman Lokman
Hossain Mia said, now Bangladesh is one of the most youth-dependent digital
countries in the world, with around 2.25 million youth entering in the job
market every year.

Moreover, in the last 15 years, he said, the application of technology in
business and trade investment, infrastructure development, political
stability has made Bangladesh one of the best destinations for safe
investment.

As a result of this MoU with Novo Freight Logistics Limited, he said, the
areas of attracting domestic and foreign investors, providing improved
investment services, coordination of domestic and foreign investors,
providing guide lines in various areas of investment and providing all
logistics cooperation to investors have been expanded.