Dhaka, Oct. 13 -- Bangladesh is planning a major overhaul of its business approval system, including a digital Single Window platform designed to deliver investment-related services within seven days, as the government seeks to cut bureaucratic delays, attract domestic and foreign investment and accelerate economic growth.

Under the proposed system, entrepreneurs will be able to submit applications, complete verification, obtain approvals and licences, secure clearances and track progress through a single online platform, according to a budget document.

The initiative aims to reduce the time, cost, uncertainty and administrative complexity involved in setting up and running businesses, while making public services simpler, faster, more ...