JAGARAN CHAKMA

In a first for state-run entities, the Bangladesh Investment Development Authority (Bida) can now have people outside the civil service as executive members, as the government aims to draw specialists from the private sector, academia, and international organisations.

The Ministry of Law, Justice and Parliamentary Affairs issued a notification on August 10 amending the BIDA Act, 2016 in this regard.

Previously, the positions were strictly reserved for government officials of additional secretary rank or above, appointed on deputation.

A new clause states that from now on, “any other person” may be appointed “for a term and on conditions determined by the government.”

Officials said the move was aimed at widening the pool of candidates and attracting professionals with specialist expertise.

However, without safeguards, the reform could weaken the institution rather than strengthen it, they warned.

Former Bida Executive Chairman Serajul Islam opined that the success of the amendment will depend entirely on how it is implemented.

“The recent amendment can bring real value, provided that merit, relevant experience, and commitment are the guiding criteria,” he said.