NEWS AND INSIGHTS

NEWS AND INSIGHTS

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19 May
May 19, 2019

BASIS signs financing agreement with IPDC

The deal was signed on Saturday at Raowa Convention Centre in the capital

A memorandum of understanding (MoU) has been inked between Bangladesh Association of Software and Information Services (BASIS) and IPDC Finance Ltd, under which IPDC will offer its strategic product "Joyee" for women entrepreneurs of BASIS.

Similarly, IPDC will also offer supply chain financing through "Orjon" to all the members of BASIS.

"Orjon" is a comprehensive supply chain financing solution which provides financial facilities to corporate organizations, micro and small enterprises (MSEs) in one single chain. 

The deal was signed on Saturday at Raowa Convention Centre in the capital. 

Planning Minister MA Mannan, was present as chief guest, while ICT State Minister Zunaid Ahmed Palak was present as special guest.

BASIS President Syed Almas Kabir said, “We promised to secure the financial security of our BASIS members. We are also glad to be in venture with IPDC Finance, as the institution has been doing good work in enabling people to achieve their lifelong desires. I believe this MoU will help BASIS members companies to grow their business and have financial gain at the same time.”

Mominul Islam, managing director and CEO of IPDC Finance Ltd said, “IPDC patronizes collaboration as the new innovation. To be able to partner with the largest the national trade body for Software & IT Enabled Service industry of Bangladesh, BASIS fills us with confidence for greater heights.   We are glad to be in venture with BASIS, because such associations are the driving force of the vision of Digital Bangladesh.”

Under the agreement, members of BASIS will get special rate of interest to avail loan from IPDC Finance Ltd. Mominul Islam, MD & CEO of IPDC and BASIS President Syed Almas Kabir exchanged the agreement. 

Among others, BASIS Vice President Shoyeb Afmed Masud, Director Tamzid Siddique Masud, and other top BASIS officials were also present.