Changes in Import Procedures for Industrial Importers
The Bangladesh Bank has recently introduced changes to its import procedures, aiming to simplify access to import financing for industries requiring long-term assets. As of December 10, 2025, industrial importers can bring in capital goods on a usance term of up to three years without requiring prior approval from the Bangladesh Investment Development Authority (Bida).
Previous Procedures
Previously, the facility was only applicable to capital machinery, and importers had to obtain prior approval from Bida for usance terms exceeding one year. However, under the new instruction, importers can now include both capital machinery and other long-term capital goods under the same three-year usance term.
Impact of the Changes
The central bank issued a circular on December 10, 2025, citing the decision of the 186th meeting of Bida’s Scrutiny Committee on Foreign Loan or Supplier’s Credit, chaired by the governor of Bangladesh Bank. This move is intended to facilitate the import of long-term assets, such as industrial machinery, air conditioners, and ships, which are often necessary for companies launching or expanding operations.
Industry Reaction
Industry insiders have welcomed the change, stating that it removes procedural hurdles and will allow businesses to import capital goods more efficiently. The policy shift is expected to support investment planning, enhance production capacity, and bolster growth across key industrial sectors.
Benefits of the New Policy
The new policy will enable companies to import a wide range of long-term equipment without requiring prior approval from Bida. This will not only simplify the import process but also reduce the time and costs associated with obtaining approval. As a result, businesses will be able to plan and invest more effectively, leading to increased production and economic growth.
Conclusion
In conclusion, the changes introduced by the Bangladesh Bank aim to simplify access to import financing for industries requiring long-term assets. The new policy removes procedural hurdles and will allow businesses to import capital goods more efficiently, supporting investment planning, enhancing production capacity, and bolstering growth across key industrial sectors. This move is expected to have a positive impact on the economy, and industry insiders have welcomed the change as a step in the right direction.
