Investment climate and Opportunities:
Compared with other South Asian countries, Bangladesh provides an unparalleled investment environment.
- Bangladesh is a basically homogeneous society, without huge internal or external pressure, and the population is very resistant to adversity (such as natural disasters).
- Bangladesh supports freedom and democracy. The people of this country, regardless of race or religion, have lived in harmony for thousands of years.
- Broad and fair political support for South Asian market reforms and a more investor-friendly regulatory system.
- Cheap, hardworking, enthusiastic, and qualified labor (also according to regional standards), suitable for every labor-intensive industry.
- The country’s geographical location is very suitable for world trade, and it is very convenient to access the international sea and air routes.
- Bangladesh is rich in natural gas and water, and the soil is very fertile.
- Although Bengali (Bengali) is the official language, English is often used as a second language. Most educated people can read, write and speak English.
- Due to the low per capita GDP, domestic consumption is currently negligible; however, it must always be remembered that there is a middle class that accounts for more than 10% of the population. They have also grown significantly.
Investment Climate in Bangladesh:
“Fastest growing economy in the Asia-Pacific region” – Asian Development Outlook 2019, ADB
“Bangladesh among the Next 11” – Goldman Sachs
“FDI in Bangladesh jumps 68 percent in 2018” – World Investment Report 2019, UNCTAD
Bangladesh is one of the fastest growing economies in the world. There is political stability under a democratic system, inflation is steady due to good monetary and fiscal management. Bangladesh is highly focused on investment. It sees the creation of an open, predictable and competitive climate for private investment as an obvious step towards achieving its development goals. A business operates within an environment decided by the economic, political, technological, social and legal conditions present in a country. Bangladesh has been working to create the right business climate through reforms in these spheres, diagnosing and correcting various procedures that affect businesses.