Board of Investment Profile & Procedures

3.4	BOI Partnership with Private Sector
	a. Advocacy for Private Sector Development   BOI is a key agency for policy advocacy and facilitation for private sector. It maintains a strong relationship with the private sector business chambers, industry associations, professional development bodies, economic research initiatives etc. The 19-Member Board of BOI is also represented by two private sector chambers namely FBCCI and BCI. Besides, BOI also engages private sector in all the policy making and implementation initiatives.
	b. Institutional Partnership Initiative: Chittagong Skills Development Centre (CSDC) In responding to its investors' changing business requirements, BOI has undertaken a pioneering initiative by partnering with industry and academia to establish CSDC – the Chittagong Skills Development Centre. CSDC is an industry-led, non-profit skills development centre that caters to the present and future skill requirements of the industry, modeled after the highly-acclaimed Penang Skills Development Centre – PSDC, of Malaysia . CSDC's industry-focused skills training strives to galvanize the nation's abundant human resource to boost industrial productivity and growth. By strategically leveraging the nation's cost-effective labor base into a skilled workforce, CSDC will help add greater value to existing and future Foreign Direct Investments; A broader skilled workforce will further expand and attract multinational and particularly ICT manufacturing in Bangladesh for regional markets. As a smart partnership, CSDC's membership includes multinational and local companies, Chambers of Commerce & Industry, NGOs and the BOI. The Bangladesh Government is firmly committed to this policy of Private-Public partnership for accelerated economic development. Through its strategic partnership with PSDC as well as its members' internal training institutions, CSDC offers state-of-the-art, cutting edge technical trainings and global best practices in business management education. By sharing, developing, importing and localizing high-caliber training programmes cost-effectively, CSDC strives to redress the lack of high-quality training services in Bangladesh and reduce companies' costly dependence on foreign training. Furthermore, its industry orientation ensures proactive skills upgradation in response to evolving skill requirements and new technologies.