Bangladesh is one of the fastest growing economies in the world. A recent report of PWC, a renowned economy reviewer projects that Bangladesh is going to be the 23rd largest global economy in the world by 2050 which is another good news for the investors. The investors who are intelligent and far-sighted, forward looking may be able to take this unique opportunity of investment advantage in Bangladesh. Its business friendly policies, suitable geographical location and skilled labour force at cheap wages are the basic facilities to beacon the entrepreneurs.
The potential investment areas in Bangladesh are power generation, distribution and exploration of gas and other mineral resources, highway development including bridge, express-way and tunnels, Port infrastructure facilities, Industrial parks/private export processing, computer software and electronics, diversified jute goods and jute based pulp and study, chemicals and petrochemicals, LP gas, environment friendly insecticides, leather and leather goods, tourism, food processing, Fruit canning and allied products, sports goods, light, engineering and agro-based industry etc.
The abundance of natural resources available in Bangladesh supports a range of highly profitable investment opportunities in agribusiness. Over 90 varieties of vegetable are grown in Bangladesh, yet in this fertile land there is under utilisation of the country’s agricultural capacity. This presents many opportunities for investors seeking to export agricultural products, or to meet the rapidly growing local demand.
From spinning to weaving, from knitwear to leisurewear and high street fashions, the textiles and clothing industry is Bangladesh’s biggest export earner. Our factories design and produce for the world’s leading brands and retailers. This rapidly growing sector of the Bangladeshi economy offers a unique competitive edge that supports profitable expansion into new strategic markets.
The growing trend in the textile and the garments sector means that Bangladesh is perfectly positioned to appeal to foreign investors.
ICT and its related business services in Bangladesh are a vibrant sector supported by an enthusiastic culture and a government committed to providing a pro-business climate for all investors. Over 400 IT companies are now thriving in the country supplying to local and international markets worldwide.
Bangladesh has a long established tanning industry which produces around 3-4% of the world’s leather from a ready supply of raw materials. The country is therefore an established and attractive location to source and outsource the manufacture of finished leather products. The leather industry is ideally suited to Bangladesh with its abundance of labor and natural resources at internationally competitive rates.
The burgeoning domestic market and the prospect of significant cost reductions for companies sourcing components and finished goods for international markets makes Bangladesh a compelling choice for investors.
The high skill, low cost labor resource of the electronics sector in Bangladesh offers companies great returns on investment. Whilst the global market for semiconductors is worth in excess of $200bn and is dominated by the Asian economies, Bangladesh has significant financial and economic factors in its favor that make it the best choice for many companies.
Bangladesh is progressing through a phase of development where automation is the key to its economy and business. As the country continues to industrialize the importance of power generation and electricity supply becomes a key government priority.
The pharma industry of Bangladesh is now on the verge of entering highly regulated overseas markets like USA and Europe. In this connection, several pharma manufacturers have already made huge investments in their new state of art manufacturing facilities. A number of companies have already obtained or in the process of obtaining UKMHRA, EU, TGA, AUSTRALIA and GCC certifications.
Traditionally, the tableware industry is labor-intensive and companies in developed countries experience difficulties in remaining competitive. Bangladesh, being a gas-rich and low-labor-cost economy, is perfectly positioned to be a strategic partner in production and supply of ceramic products. Investment interests in this sector are strongly welcome.
Bangladesh is a unique tourist destination where one can find the scopes for all kinds of tourist interest as well as investment. Bangladesh has taken some commendable initiatives including creation of tourist accommodation and amusement facilities across the country. Government of Bangladesh has recognised tourism as an industry and framed a new National Tourism Policy in 2010 for the development of domestic and international tourism in the country. The government has also enacted ‘Tourism Protected Area and Exclusive Tourist Zone’ Law in 2010 for attracting foreign investments in these ETZs.
Bangladesh offers lucrative and competitive opportunities for the foreign investment to create multi-faceted tourist facilities around the tourist sites. At present, private investment in this sector is gradually increasing due to the government pro-foreign and private sector tourism-friendly policy. Foreign investment in the tourism sector of Bangladesh is always welcome.
Frozen foods is the second largest export sector of the economy. The massive natural resources available in Bangladesh make this sector particularly promising for investors looking to supply in international as well as in domestic markets.
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