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18/08/2022
Laws of Bangladesh

The Foreign Private Investment (Promotion and Protection) Act, 1980

( ACT NO. XI OF 1980 )

Foreign private investment
3. (1) The Government may, for the promotion of foreign private investment, sanction establishment with foreign capital of any industrial undertaking-
 
 
(a) which does not exist in Bangladesh and the establishment whereof, in the opinion of the Government, is desirable; or
 
 
 
 
(b) which is not being carried on in Bangladesh on a scale adequate to the economic and social needs of the country; or
 
 
 
 
(c) which is likely to contribute to-
 
 
 
 
(i) the development of capital, technical and managerial resources of Bangladesh; or
 
 
 
 
(ii) the discovery, mobilisation or better utilisation of the natural resources; or
 
 
 
 
(iii) the strengthening of the balance of payment of Bangladesh; or
 
 
 
 
(iv) increasing employment opportunities in Bangladesh; or
 
 
 
 
(v) the economic development of the country in any other manner.
 
 
 
 
(2) Sanction of the establishment with foreign capital of an industrial undertaking under sub-section (1) may be subject to such conditions as the Government may deem fit to impose.

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