Bangladesh Bank has eased rules for importing capital goods, allowing industrial entrepreneurs to bring in necessary machinery and equipment using foreign loans for up to three years without prior approval from the Bangladesh Investment Development Authority (BIDA).

The Foreign Exchange and Policy Department of Bangladesh Bank issued the directive on Wednesday, December 10. Previously, long-term credit facilities were limited to new machinery imports, but under the new rules, industrialists can import ships, equipment, and other capital goods on installment using foreign loans directly from suppliers or banks.

Business leaders have welcomed the move, noting it will simplify import procedures, ensure timely access to essential capital goods, and boost production. Officials believe the decision will enhance the country’s industrial and manufacturing sector, promote long-term planning, and encourage new investment.