Dhaka, Oct. 7 -- Evidence suggests that over 23 government agencies are involved in providing investor services in Bangladesh and an investor may need to navigate through as many as 150 regulatory services to start and operate a business, according to the study.

The findings also show that the regulatory framework of Bangladesh is characteirsed by "non-transparent, poorly coordinated and unpredictable processes and practices".

Furthermore, poor coordination among government, due to lack of data-sharing and interoperability mechanisms, lead to investors having to duplicate same information in multiple steps.

All these factors result in unpredictability in regulatory service delivery for investors and hinder investments, according to the...