This
post is about the BIDA - Bangladesh Investments Development Authority (Formerly Board of Investment) is running under the Prime Minister’s Office. Lots of information’s has been
provided in this site which could be very helpful for the Investors who wants
to make an Investment in Bangladesh. Bangladesh is a winning combination with
its competitive market, business-friendly environment and cost structure that
can give you the best returns.
Some
reasons to choose Bangladesh for an Investment according to the BIDA:
Industrious
Low-Cost Workforce:
Bangladesh
offers a well-educated, highly adaptive and industrious workforce with the
lowest wages and salaries in the region. 57.3% of the population is under 25,
providing a youthful group for recruitment. The country has consistently
developed a skilled workforce catering to investors needs. English is widely
spoken, making communication easy.
Strategic
Location, Regional Connectivity and Worldwide Access:
Bangladesh
is strategically located next to India, China and ASEAN markets. As the South
Asian Free Trade Area (SAFTA) comes into force, investors in Bangladesh will
enjoy duty-free access to India and other member countries.
Strong
Local Market and Growth:
Bangladesh
has proved to be an attractive investment location with its 146.6 million
populations and consistent economic growth leading to strong and growing
domestic demand.
Low
Cost of Energy:
Energy
prices in Bangladesh are the most competitive in the region. Transportation on
green compressed natural gas is less than 20% of the diesel price.
Proven
Export Competitiveness:
Bangladesh
enjoys tariff-free access to the European Union, Canada, Australia and Japan.
In Europe, Bangladesh enjoys 60% of the market share and is the top
manufacturing exporter amongst 50 least developed countries.
Competitive
Incentives:
Bangladesh
offers the most liberal FDI regime in South Asia, allowing 100% foreign equity
with unrestricted exit policy, easy remittance of royalty, and repatriation of
profits and incomes.
Export
Processing Zones – EPZ:
Bangladesh
offers export-oriented industrial enclaves with infrastructural facilities and
logistical support for foreign investors. The country is also developing its
core infrastructures, including roads, highways, surface transport and port
facilities for a better business environment.
FDI
Magazine of The Financial Times in March 2010 conducted a competition under the
head “Global Ranking Competition of Economics Zones” based on the following
nine categories of ranking:
*
Best Overall Global Special Economic Zone
* Best Economic Potential
* Best Cost
Effectiveness
* Best Facilities
* Best Transportation Link
* Best Incentives
* Best
Promotion
* Best Airport
* Best Port
In
the competition out of 700 Economic Zones globally 200 participated in the
competition. All the zones were evaluated on a 10 point scale on the basis of
some set criteria. Among the top 10 of the two categories Chittagong Export
Processing Zone, Bangladesh scored 3rd position in the “Best Cost
Effectiveness” and also 4th position in the “Best Economic Potential” for
2010-2011.
For
more details about this Report: FDI Magazine
Positive
Climate:
A
largely homogeneous society with people living in harmony irrespective of race
and religion, Bangladesh is a democratic country enjoying broad bi-partisan
political support for private investment. The legal and policy framework for
business is conducive to foreign investment. For detailed about legal
infrastructure of Bangladesh please visit Business Laws.
For more details please visit the official website of BIDA.
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