1. Open to inward investment
Foreign Direct Investment inflows for CY 2018 is $3.61 Billion which is 67.9 per cent highercompared to CY 2017 across diversified industry sub-sectors, despite a decline in total global FDI flow.
Status of Agriculture and Agro-processing sector
3rd in vegetable cultivation
4th in rice production
7th in potato production
The domestic Agro-processing sector in Bangladesh is currently valued at $2.2 billion
The average growth rate of the food processing industry is about eight per cent
The average export growth rate in last four years is 37 per cent
At present products are exported to 104 countries (major destinations include US, Canada, UK, Saudi Arabia, the UAE, China, Japan and Australia)
2. Opportunities in domestic market
MAC (Middle and Affluent Class)
33 Key MAC Cities by year 2025
Two million MAC population being added per annum (BCG 2015)
A nationwide network of 1.3 million retail outlets
Plain land delta crisscrossed with 700+ rivers and a network of roads connecting all 492 Upazilas (sub-districts) ensuring efficient 'source to delivery'
3. Demographic dividend
Median age of Bangladeshi citizen is 26.7 years.
46.83 million people are less than 15 years old (the future workforce)
118 million hard working tech-friendly working age
population
Homogenous culture: In South Asia, Bangladesh has a high degree of linguistic, religious, and ethnic homogeneity.
4. Geo-Strategic Gateway
Bangladesh is a gateway to India and China, while connecting regional important new markets (Bhutan, Nepal and Myanmar) to provide access to total 2.9 billion consumers who are yearly spending more than $8.53 trillion.
5. Preferential Market Access
Bangladesh is getting Generalised System of Preferences (GSP) facilities from 38 countries; 28 countries of European Union and 10 other countries: Australia, Belarus, Canada, Liechtenstein, Japan, New Zealand, Norway, Russian Federation, Switzerland and Turkey.
1st in denim export to EU market
2nd largest apparel exporter worldwide
1st in jute production and export
8th largest exporter of the leather products in the world
8th largest exporter of bicycle
DFQF Access in GSP schemes of Developed Members: Australia, Canada, European Union, Iceland, Japan, New Zealand, Norway, Switzerland, Russia, United States
DFQF Access of selected Developing Countries: Chile, China, India, Republic of Korea, Chinese Taipei, Turkey
6. Infrastructure Support
97 Economic Zones selected
100 Economic Zones in the next 15 years
Padma bridge linking the south-west of the country, to northern and eastern regions
Bangabandhu Satellite-I is the first Bangladeshi geostationary communications and Broadcasting Satellite
Power and Energy
Energy diversification through introduction of LNG, Nuclear power, Solar, Wind, LPG etc.
Rail Road and Four Lane Highway
All national highways are being converted into four lanes
All mega cities will be connected via metro rail, elevated expressway and high speed express railway
Hi-Tech and Software Parks
39 Hi-Tech and Software Parks to attract foreign direct investment in hardware and software manufacturing industry.
4G is being rolled out across the country and 5G is to be deployed by 2021
7. Low Cost of Doing Business
Six to 89 per cent savings in water cost
10 to 55 per cent savings in electricity cost
8. Initiatives to Foster Competitiveness
Tax Holidays
Five to ten years for some sectors and up to 10 Years for infrastructure and Economic Zones
Tax Concessions for capital machines and import of raw materials
Financial
Cash Incentives
Export Development Fund
Equity Entrepreneurship Fund
Accelerated Depreciation in lieu of tax holidays
Others
Fast Track Approvals, Citizenship, Quick Immigration, Bonded Warehousing, NRB Preferences, Skilled Work Permits, Permanent Residency
Secured by law against nationalisation and expropriation
Local and Foreign investments are given equal treatment
100 per cent foreign equity is allowed along with unrestricted exit
Almost all industrial sectors are open for foreign investors
Bilateral Investment treaties (BITs) signed with 32 countries
Double taxation treaties with 28 countries
Bangladesh is a signatory to ICSID, UNCITRAL, OPIC, MIGA, WAIPA, WIPO and WTO
All laws, regulations are conducive to investment
9. One Stop Service (OSS) for Investors
Provides the investors with world class client services (virtual and cloud-based)
150 services of 34 agencies are being identified and process simplification of these have started. Once these are completed clients will receive their services from one point
10. Country Stability
Business Friendly Government
Bangladesh government has created an enabling environment for the private sector to drive economic growth
Stable Political Environment
Multi-party democracy with Union, Upazila, City Corporation and National Parliament Elections held regularly
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