Dhaka, Aug. 8 -- Bangladesh must move beyond its long-standing Dhaka-centric investment strategy and tap into the untapped economic potential of municipalities, said Chowdhury Ashiq Mahmud Bin Harun, executive chairman of the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA).

Speaking as the chief guest at a workshop unveiling the Municipal Competitiveness Index (MCI) 2024 on Thursday in Dhaka, he described the initiative as "timely and transformative" in driving investment to sub-national areas.

"Historically, much of our investment facilitation has remained Dhaka-centric. This index helps spotlight the potential of municipalities as viable investment destinations," he said.

"If we c...