Special Tourist Parks in Bangladesh | SEZ

Although there are lots of possibilities, Bangladesh is far behind in the tourism industries. At present, it is very hard to pull foreign tourists at the desired level. To solve this issue, the Government has planned to set up three special tourist parks in Cox's Bazar district to promote this sector nationally and internationally. These Specialized tourism areas will attracts huge number of tourists and create new jobs opportunities. The three special tourist parks are:

• SABRANG TOURISM PARK

• NAF TOURISM PARK (JALIARDWIP)

• SONADIA TOURISM PARK

Thousands of tourists in Thailand are gets crowded in just 2 kilometers long sea beach. On the other hand, the world's longest beach is the Cox's Bazar which has an unbroken length of 120 km (75 mi). But the number of tourists in the Cox's Bazar beach is comparatively little. Not just Cox's Bazar, Bangladesh has lots of attractive tourist’s spots such as Sundorbon, Mountains across the country, Kuakata sea beaches, Tea garden etc but tourism sector is still far behind in Bangladesh. The main reason is being mismanagement, environment, fail to provide international standard services etc.

To solve this issues as per plan of the Bangladesh Government with and BEZA (Bangladesh Economic Zone Authority) are working to set up three Special Tourist Zone to develop tourism sector of the country and attract foreign tourists. Of these, the Sabarang Tourism Park is being developed especially for foreign tourists with advanced and world class services. Investment here can be 3 billion US Dollars and employment facilities for at least 40 thousand people. And Naf and Sonadia Tourism Park is being built for everyone.

SABRANG TOURISM PARK:

It will be the first exclusive tourism park in Cox’s Bazar with a total land area of approximately 1027 acres. The Purest air, Sea and lagoon, Lofty hills together in Sabrang are exceptional and perfect for a special tourist’s attraction place. This place is an amazing hill and sea beach territory, multifaceted diverse and admirably beautiful with exclusive beach front.

• Location: Sabrang is in Teknaf upazila under Cox’s Bazar district.
• Road Connectivity: The place is five KM away from Teknaf town. Cox’s Bazar-Sabrang Marine Drive is the access road to the proposed Park which connects the National Highway (N1).
• Air Connectivity: Cox’s Bazar Airport is only 96 KM from the Park. It takes around one and half hour drive to the Park from the Airport.
• Port Connectivity: Teknaf Land Port is only nine KM away from this zone.
• Nearest River: Naaf River is only eight KM from the zone.
• Electricity: 10 MW Teknaf substation is located only seven KM away far and a new solar based power plant with a capacity of 20 MW has been proposed to build at Huyakong which is 20 km from the Sabrang Park.
• Telecommunication: Mobile connectivity is available here. Teknaf Telephone Exchange is only eight KM away from the zone. Fiber Optic Cable connection will be done by BTCL.
• Water Supply: Surface water is available around 3 KM areas of the zone. Four MLD water lines will be installed for drawing water from upstream of Sabrang.
• Tourism Industries: Eco-tourism, Hotel complexes, Business tourism, Recreational tourism, Sports and extreme tourism, Water tourism, Education & Health Tourism.
• The Sabrang Tourism Park is only half hour Sea cruise to St. Martin- a coral island.

NAF TOURISM PARK (JALIARDWIP):

Naf Tourism Park which planned to establish in total 271 acres of land will be the first island based tourism park in Bangladesh. It has scenic Beauty with a hill view on both Bangladesh and Myanmar (Burma). A cable car connection will be constructed from Ne-Taung Hill to Naf Tourism Park which will be approximately 8.5 KM long.

• Location: The zone is located on an egg-shaped island raised in the middle of the Naaf River in Teknaf Upazilla under Cox’s Bazar district.
• Road Connectivity: Located beside the Teknaf - Cox’s Bazar highway.
• Air Connectivity: Only 90 KM away from the Cox’s Bazar airport.
• Port Connectivity: The Teknaf Land Port is only 0.4 km from the proposed park.
• Tourism attractions in Naf Tourism Park: Theme cruise for St. Martin Coral Reef Island, 5-star hotel, Restaurant, Honeymoon Park, Multi formatted Food Court & Themed Pavilions, Jungle, jogging Tracks, Night Camps, Eco-Friendly Resorts Mini Golf Course, Light & Sound Show, Entertainment zone, Infant Swimming Pool, Sky Bridge Oceanerium, Water Sports Complex, Game Parlors, Birds Watch Tower, Harbor Bridge, Cable Car Hanging, Hanging Bridge etc.

SONADIA TOURISM PARK:

The Sonadia Eco-Tourism Park location is at Sonadia Island at Maheshkhali Upazila under Cox’s Bazar district.  Total approximate land area is of this zone is 9467 acres. The land has already been adopted by BEZA on March 27, 2017 from the district administration of Cox’s Bazar. The planned tourism park in Sonadia will create a lot of FDI and employment opportunity.

• Location: Sonadia Island is about 9 Square KM (3.5 Square Mile), offshore of the Cox’s Bazaar coast. The place is only 3 KM from Cox’s Bazar via the Maheshkhali channel.
• Environment: The western side of the island is sandy and the northern part is green.
• Tourism Facilities: BEZA will develop this zone as environment friendly Eco-Tourism Park, where maximum 30% of land may use as a part of truism attraction. The proposed main attractions will be Hotels & Resorts, Hanging Restaurant, Children Park, Eco-Cottage, Swimming Pool, Fun Lake, Aqua Park, Water sport, Gulf, International standard Hospital, University and Schools.
• BEZA has already taken the initiative for feasibility study and Master Plan to set up Eco-tourism park in Sonadia Island.
• To build eco-tourism parks in Sonadia, BEZA has initially planned to use only 30% of the space so that there is no adverse impact on the natural environment.
• Local residents living illegally now have been cultivating fish by creating illegal ways, which are very dangerous for environment and biodiversity.
• To build the eco-tourism park various illegal constructions in the proposed area will stop.

After the implementation of these three Special Tourism Parks, there will be a positive change in the tourism industry of Bangladesh. For information's please the official website of BEZA.

Thanks.

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Economic Zones in Bangladesh are Ready for Investment

The economy of Bangladesh is growing rapidly from the past ten years. The government has set a target of export US$ 400 billion of goods by establishing 100 economic zones by 2030 across the country to accelerate and sustain the economic development. Bangladesh Economic Zone Authority (BEZA) is working to achieve this goal. Already 10 to 14 economic zones are being prepared for investment.

Till now, ten economic zones have been completed and are ready for investment, see the below list:

• Abdul Monem Economic Zone Gazaria, Munshiganj
• Aman Economic Zone
• Bay Economic Zone in Gazipur
• City Economic Zone
• Karnaphuli Dry Dock Economic Zone in Chattogram
• Kishoreganj economic zone
• Meghna Economic Zone in Narayanganj
• Meghna Industrial Economy Zone
• Mongla Economic Zone in Bagerhat
• Sreehatta Economic Zone in Moulvibazar

BEZA Executive Chairman said, "Not only 10, but 14 economic zones are now ready for investment." He also said that most of the 10 economic zones mentioned in the update report are in private sector. Apart from these, few industries in the Mongla and in Mirsarai EZ are being built. Moulvibazar and Feni EZ are ready to invest. Overall, fourteen economic zones are ready for investment. BEZA is currently working to prepare 28 economic zones across the country.

Abdul Monem Economic Zone Gazaria, Munshiganj:

Abdul Monem Economic Zone (AMEZ), an economic zone of the private sector, has been built on 142 acres of land in Gazaria, Munshiganj (East side of Daudkandi Meghna-Gomti Bridge). In January 2017 the zone has obtained the final license and investing 10 Crore 20 Lac 30 Thousand US dollars. Honda Japan has already started Motorcycles manufacturing through investment in Abdul Monem Economic Zone. This project is moving forward in a beautiful environment with the assistance of the BEZA. There is electricity, well communication system, gas will connect soon. If the gas-power service is confirmed, investment in this zone will increase further.

Aman Economic Zone in Sonargaon:

Aman Economic Zone has been established on 83 acres of land in Boiddar Bazar area of ​​Sonargaon upazila under Narayanganj. So far 32 Crore 64 lac US$ have been invested in this zone including development costs. The factories type located here includes cement factories, packaging and ship building yard. Now implementation of food processing projects along with cement, packaging and ship building is in progress. If the gas is available then many more investment projects will be started.

Bay Economic Zone in Gazipur:

Bay Economy Zone Limited is a subsidiary of the famous Bay Group in the country. Total land area of this zone is 65 acres and located in Gazipur Sadar Upazila beside the Gazipur-Chandra highway. It got the final license on April 2017. In addition to development costs, total amount of investment in this zone is 8 crore 88 lac and 60 thousand US$. Toy manufacturing factory Meigo (Bangladesh) Limited is China's direct investment in this economic zone. Products produced in this factory are now being exporting.

City Economic Zone in Rupganj:

City Economic Zone Limited, a subsidiary of City Group. It is located on 81.88 acres of land beside the Shitalakkhya River in Rupganj upazila of Narayanganj which is just two kilometers away from Dhaka-Sylhet Highway. So far the investment in this economic zone has reach 67 crore 50 thousand US$.

Karnaphuli Dry Dock Economic Zone in Chattogram:

Karnafuli Dry Dock Special Economic Zone (SEZ) Limited, the first specialized economic zone in the country to build and maintain ships. It obtains the final license in February 2019. In Anowara, Chattogram this zone is being built. This Dry Dock Economic Zone will have one lac capacity deadweight tonnage (DWT) power. The project is expected to attract huge foreign investment, including the development of sea-going ship repairs and construction industries. If it is implemented, it will be possible to earn foreign currency of $ 120 million a year.

Kishoreganj Economic Zone:

BEZA authority awarded the license to Kishoreganj Economic Zone Ltd (KEZ), a concern of Nitol Niloy Group on February, 2019. KEZ received approval as the ninth private economic zone in the country. Total land area for this zone will be 91.63 acres, located in Pakundia upazila near the Bhairab - Kishoreganj Highway. The KEZ is expected to create job opportunity for 15,000 people within the first five years of operation. The Nitol Niloy Group will set up heavy automobile industry in this zone. Besides, a steel manufacturing plant is likely to set up by an Indian group.

Meghna Economic Zone in Narayanganj:

Meghna Economic Zone has grown in 68 acres of land near Meghna ghat of Sonargaon upazila of Narayanganj. Although it was proposed to be in total 245 acres of land. So far the investment in this economic zone has been 93 crore 76 lac 10 thousand US$. At present, there are 10 approved industrial units including paper and pulp industries, chemical plants, pulse and flour mill.

Meghna Industrial Economic Zone:

The Meghna Industrial Economy Zone is another zone established by the Meghna Group in Sonargaon of Narayanganj district. Total land area for this zone is about 76 acres and already 29 Crore 90 lac US$ has been invested. There will be employment opportunity for 7,000 people in this zone. In the meantime, production of beverage, steel, cement, paper bags etc has been started here.

Mongla Economic Zone in Bagerhat:

Mongla Economic Zone has been established on 205 acres of land near Mongla seaport and Mongla EPZ in Mongla upazila under Bagerhat district. Power Pack Economic Zone Private Limited, a subsidiary of Sikder Group, is responsible for the development and management of this zone. BEZA has already completed the construction of roads, bridges, water supply lines, power sub-stations and administrative buildings which costs at least BDT 50 crore. Development work of some link roads inside the zone has been started.

Sreehatta Economic Zone in Moulvibazar:

Another economic zone prepared for investment is the Shreehatta Economic Zone with a total 352 acres of land in Sherpur, Moulvibazar Sadar upazila. Sylhet is located on the east of the zone, Habiganj is on the west, Sunamganj is on the north and Moulvibazar district on the south. In this economic zone, six industrial establishments have been allotted 231 acres of land. They have planned to invest around US$ 1.4 billion in this zone.

Even though some zones are ready for investment but physical infrastructure development in some areas has not yet been fully established. However, electricity connections were found and it should remain uninterrupted. Gas availability must be confirmed in the zones. Some old industrial areas have been converted to economic zones.

The economic zones which are in fact ready for investment, where all facilities like gas, electricity, infrastructure, communication etc must be ensure with priorities. If these economic zones can be fully activated, it will be possible to attract more investment which will help to achieve the goals of Bangladesh.

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API Industrial Park will boost up Bangladesh Medicine Industry

Recently, Bangladesh has made a tremendous expansion in the world's medicine market. The developed world never gave medicine to warped Bangladesh after 1971 once, but now drugs from Bangladesh is exporting to around 160 countries in the world after meeting its own demand which is around 98 percent. Now, like the RMG industry, the medicine industry of Bangladesh is being wiped out in Europe and America market.

During the post-independence period, we have seen the frustrating situation of the country in every sector including medicine. Capsule cells and ingredients powder was imported separately from and after filling up, it was sold inside the country. That time the situation was really dangerous. The capsules were made in the house and people took these drugs.

From that situation, now the medicines of Bangladesh have been elevated to such a stage that drugs and medicines made in Bangladesh are exporting to different countries around the world. At present in 48 countries of the world, Bangladesh is leading in the pharmaceutical products. Currently, 24,000 brand drugs are being produced in 257 Pharmaceuticals companies in Bangladesh.

These factories are manufacturing medicines and raw materials worth of more than BDT 25,000 Crore per year. There are about two Lac people are working in this industry. The Active Pharmaceutical Ingredients (API) Industrial Park will be launched in next year to make this advancement faster. To establish an environmentally suitable Industrial Park for Active Pharmaceutical Ingredients, the project is being implemented on 200 acres of land beside Dhaka – Chittagong National Highway (N1) in Baushia, Gajaria, Munshigonj.

There will be 42 number of plots in which Pharmaceutical Ingredients Manufacturing Industrial units will be set up. About 25,000 people will get employment opportunities in the project. All infrastructural facilities including Common Effluent Treatment Plant (CETP) and waste Dumping Yard will be available in this zone.

According to the Export Promotion Bureau (EPB) statistics, presently 46 companies exporting 300 types of medicines and to the world market. Now Bangladesh is dreaming of earning billions of dollars foreign remittance from the world medicine market.

The doors of new possibilities have been opened in the pharmaceutical industry. Medicines discount for Least Development Countries (LDC) increased for more 17 years. Bangladesh's Medicine Industry has got a merit discount till 2033. However, the present world market of medicine is around of 1000 billion US dollars. IQVIA, a multinational company based in United States is doing health-related information technology and clinical research. They conducted a survey on 204 approved pharmaceutical company’s drugs and their sells.

According to the survey of IQVIA, in 2018 the size of the drug market of Bangladesh has increased to BDT 20,512 Crore. From 2014 to 2018, the market's annual growth was 16.15 percent. The country's drug market is growing at an annual rate of 16.50 percent which is really amazing. The size of this market has crossed BDT 20,000 Crore in 2018, and 68 percent of this market is controlling by top 10 medicine companies. Most selling drugs on the market are antibiotics. Antibiotics are among the highest-selling medicines.

According to the Department of Drug Administration, in the last few years the export of medicines from the country has increased significantly. In 2011, the export was only BDT 426 crore. In the financial year 2017-18, export earnings were around US$ 10.44 Crore which is 16.03 percent more than the previous year. In 1982, the size of medicine industry in Bangladesh was BDT 170 crores only. In 2016, only the drug market in Bangladesh was BDT 15,600 Crores.

According to BSCIC, the work of setting up the country's first drug industry Park Activated Pharmaceutical Engineering (API) will be ending in 2020. This will meet the 100% demand of the country’s medicines. The country's first API Industrial Park is being established in Gazaria upazila of Munshiganj district, which is situated near the Meghna River and between the roadway of the Daudkandi and Meghna Bridge.

In order to achieve self-sufficiency in the production of raw material for the pharmaceutical industry, the government has taken initiative to establish this industrial park in 2008. To establish a factory here, 27 companies have been allocated from the Pharmaceuticals Industry Owners Association. The price of land per acre has been fixed at BDT one crore. Most of the owners have already paid a portion of the price of the plot allocated.

The country's pharmaceuticals industries will be able to start work in this zone within next two years.

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Bangladesh Economy and Industrial Revolution

After the Independence in 1971, during the last five decades Bangladesh has been changing from inside with industrial revolutions. The bottomless basket (!!!) is now breaks all the previous records through the wheel of RMG ready-made-garment sector, Ship, Cars, Cement, Paper, Medicine, Footwear, Steel to billet and other various industries in the country. Thousands of crores has been invested and still investing in these sectors. Cottage industries of the 1970s and the small and medium industries of the 1980s are being replacing with new industrial set up in Bangladesh. The economy is moving to the new heights.

RMG:

The low-cost ready-made garment is the main source of Bangladesh's export earnings. Some environment-friendly new green RMG factory is being built; as a result big investment in clothing sector is coming. The Green Building Council of the United States has recognized the world's top 10 green factories across the globe, and the Good NEWS is among these, seven factories are from Bangladesh including the first, second and third one. These factories are being manufacturing high quality clothing and denim products. Due to the decline of China, Bangladesh has taken the top position in the European denim market.

Power:

Over a decade ago, some foreign companies had the absolute dominance of big power projects in the power and energy sector of Bangladesh. But time has changed; some of renowned domestic industry is coming forward with such investments. Bashundhara Group, one of the largest industrial groups in the country, has taken initiatives to set up the largest fuel oil refinery plant in Sitakunda, Chittagong. If this project is implemented then it will be possible to provide 80 percent of the country's fuel supply.

Steel:

At present there are about BDT 35 thousand crores of investment is in the country's steel industry sectors. One of the major industrial groups of the country PHP Family came forward to increase this investment. PhP Steel Works Limited will set up steel plants in about 440 acres of land in Mirsharai Economic Zone. The company has taken an initiative to invest around $ 400 million in steel factory. McDonald Steel Building Products, another steel company in the country, is coming with big investment in this sector. They will jointly invest around $ 59.19 million with Japan's Nippon Steel and Sumitomo Metal, the world's third largest steel producer.

In addition to steel, the expansion of billet industry is also being done in the country. Entrepreneurs have set up new factories in this sector due to the power crisis has solved. Now the factories of manufacturing Rod and Rod-related products themselves such as billet from old iron. In 1996, the BSRM Group formed the largest factory in the country for manufacturing billets. The group now produces about 18 lac metric tons of billet annually.

Leather Goods:

At present, about 30 large shoe factories have been established in the country's export processing zones (EPZs). Young One has set up the largest shoe factory in the country. Besides, Apex footwear is also exporting to international market by meeting the country's local demand. By 2021, export targets from leather footwear and other related products have been estimated to be about 5 billion dollars. Currently income is more than $ 1 billion.

Ship Building Industry:

Ship building industry in private sector has moved forward in last one or two decades. Industrialized countries like Spain, France and Italy are also coming to Bangladesh to build bigger ships. Through the export of quality standard goods in different parts of the world, the Shipbuilding Industry of the country earns $ 150 million foreign currency in last five years by exporting 27 ships. Currently there are more than 10 shipyards in the country who are able to build international standards and high-tech ships.

Car & Bike:

Honda, one of Japan's largest car and motorbike manufacturing companies, has set up factories to invest in Bangladesh. Honda has built their bike manufacturing unit in Abdul Monem Economic Zone near Daudkandi Bridge beside Dhaka – Chattogram National Highway. Apart from these foreign companies, local companies such as Walton and Runner have earned their reputation in the electronics and automobiles industry. Walton's electronics products are now being exported to foreign countries beyond the boundaries of the country. Bangladeshi motorcycles made of domestic brand runner automobiles are now being exported to the neighboring country Nepal. Runner brand motorcycle can also be seen in African countries very soon.

By seeing Bangladesh's potential in the automobile industry, the world's renowned car (private car) maker Malaysia's Proton-Saga has set up factory in Chittagong. Mahindra, another car manufacturer in India, is planning to set up their factories in Bangladesh. Apart from this, world famous companies like China's Geely, Iran's Saipa, India's Tata, Bajaj, are also interested in setting up automobile manufacturing unit in Bangladesh.

Drugs & Medicine:

World-class medicine is not available anywhere at such a low price. Bangladesh has recently made a new history by exporting drugs to the US market. Beximco Group and Square Group's medicines are now going on in the European-American market after passing the international standard examinations. Vice Chairman of Beximco Group and Prime Minister's Private Sector Advisor Salman F Rahman recently said in an event, the domestic market of pharmaceutical industry is around BDT 17,000 Crores and the international market is more than BDT 2,200 crores. Drugs are exported to 144 countries in the country by meeting 98 percent of the country's demand.

From small and medium to large industries, all sectors are being developed in the equality. At present, there are at least 20 large private industrial groups in the country who have earned investment capacity of BDT 10 to 25 thousand Crore in any big project. There are at least 100 top business men, who have changed the country's trade and commerce. Due to the available of cheap labor, markets of nearly 16 million people and the increase in income of the people of the country; China, Japan, some Middle East and Europe companies are interested in setting up heavy industries in Bangladesh. Recently a royal delegation from Saudi Arabia has shown interest in investing around $ 30 billion in various sectors, including power plants, fertilizer, food processing, chemical factories, hotel-motel and tourism sector of Bangladesh.

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Honda Bikes | Made in Bangladesh

Honda Corporation has started manufacturing Honda Motorcycles in Bangladesh with the motto "Honda will be ahead, along with Bangladesh". Honda will be now will be Made in Bangladesh. From now Honda Brand Bikes will be manufacture here in Bangladesh. Japan's giant Motorbike Factory “Honda Motor Corporation” and Industries Minister of Bangladesh Mr. Amir Hossain Amu inaugurated the factory on 25 acres of land in Abdul Monem Economic Zone (AMEZ) in Munshiganj on Sunday, 11^th November 2018.

Abdul Monem Economic Zone (AMEZ) is located in Gazaria, within two mouzas (Bausia and Jajira) of Gazaria upazilla under Munshiganj district. The area is popularly known as Daudkandi which is located west side of Meghna – Gomti Bridge (Daudkandi Bridge). Total covering area is almost 216 acres of land (with option for expansion up to 300+ acres) of exclusively owned land by Abdul Monem Limited.

MP of Bangladesh Government Mr. Saber Hossain Chowdhury, Executive Officer of BEZA Mr. Harunur Rashid, Head of motorcycle department of Honda Motors, Noriyaki Abe, Asia and Oceania chief Masayaki Igarasi, Chief Financial Officer Shah Mohammed Ashikur Rahman were present in the inauguration.

Bangladesh Honda Private Limited (BHL) operates in a single industry segment in Bangladesh under a joint venture between Honda Motor Company Limited, Japan and Bangladesh Steel and Engineering Corporation (State Own Corporation) under The Ministry of Industry, The Peoples Republic of Bangladesh. Honda investment in new factory is BDT 190 Crore and 93 Lac and BSESE's investment is BDT 107.77 Crore taka. The total investment in the future will increase to BDT 680 Crores. Employment will be for two thousand people.

Honda Motor Corporation has opened a company jointly in the name of Honda Bangladesh Limited (BHL) with partner to the Government agency Bangladesh Steel and Engineering Corporation (BSEC). Honda has plans to increase the number of manufacturing motorcycles in the factory within a year, they will manufacture two lacs bikes in the year 2021.

The Company was incorporated in Bangladesh on 4^th December, 2012 as a private limited company and a joint venture agreement was signed on 27^th September, 2012. The commercial production of the company started again from November 01, 2013 with the symbol of Honda two wheelers, the “Wings”.

Now Honda Corporation will make an appeal to the government to write 'Made in Bangladesh' on the new motorcycle manufactured. Tax will be lower after getting this recognition. The company said the permission about “Made in Bangladesh” will reduce the price of motorcycle.

Bangladesh Honda Private Limited organized an inauguration program on 11^th November at the factory in Abdul Monem Economic Zone. Industries Minister Amir Hossain Amu was present as the chief guest. Industries Minister congratulated Honda for the completion of construction of the factory on time. He urged Japanese companies to invest in car manufacturing in the country. Apart from this, the officials of different government and Honda headquarters and local offices were present.

After the ceremony, the officials of the factory told about the different aspects and specialties of the factory. They said, initially the new factory will be made motorcycle structure or body frame and switch arm. Welding and Painting work will also be done in the factory then adds the remaining machines and parts. However, soon Honda will be able to make a piece of these parts.

BHL Managing Director Yoshiro Ishi said, localization has started with the new factory in Bangladesh. In future, most parts will be made in this country. About the price he said, the government will now have to apply for tax rebate. After getting the tax deduction, the price will be reduced accordingly. It is not possible to say how much it will be reduced for now.

Japanese ambassador Hirosu Izumi said earlier in Dhaka that the Honda plant will have a positive impact on Japanese investment in Bangladesh. Paban Chowdhury, executive chairman of Bangladesh Economic Zones Authority (BEZA), said that a special economic zone only for the Japanese is going to launch in the country and the government is positive about another establishment.

Honda Motor Corporation's Senior Managing Director Yoshi Yaman said that Honda has sold 1 million 95 million motorcycles worldwide last year. Honda does not give any discounts to the quality of the field.

For more details please visit official website of Bangladesh Honda Private Limited.

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Investment in Bangladesh through BIDA BD

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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