Bangladesh government is providing 100% opportunity for foreign investments in local e-commerce sector. Government is now up to withdraw the partnership bonding condition with the local companies in regard of foreign investments.
The condition was included in the recently approved ‘National Digital Commerce Policy-2018’, where it was clearly mentioned that in regard of foreign investments in digital commerce or e-commerce, Bangladeshi company and similar foreign companies will be applicable in 51:49 equity based ownership system.
Post, Telecommunication and ICT Minister Mustafa Jabbar said- 100% opportunity for direct foreign investment has been approved as per National Investment Policy, where the term of 51:49 equity based ownership gets controversial. So, the Ministry of Commerce seeks for its amendment. That’s the reason an amendment on this term is going to be introduced.