Why-Bangladesh? Why-Now?

In Figures


In the first quarter of 2019, Bangladesh's was the world's seventh fastest growing economy with a rate of 7.3% real GDP annual growth. Dhaka and Chittagong are the principal financial centers of the country, being home to the Dhaka Stock Exchange and the Chittagong Stock Exchange. The financial sector of Bangladesh is the second largest in the subcontinent. Bangladesh is one of the world's fastest growing economy. This light sector has consistently grown over the years, and one of the major contributing factors to this is the growing large domestic market demand. Despite various challenges and difficulties, domestic demand has helped it grow and sustain. It is seen that export of this sector has been growing over the years. The SME Foundation has identified 31 light engineering clusters located in 18 districts of Bangladesh with about 7,500 enterprises. In the Industrial Policy 2016, Light Engineering sector has been considered as one of the Highest Priority Sectors. Several facilities, including cash and investment incentives, would be provided to facilitate the Light Engineering sector of Bangladesh


In Figures


Bangladesh is urbanizing fast. By 2030, 48% of our population will live in towns and cities. Most will be young, energetic and digitally connected. They will be agile, receptive to new ideas and look for new ways of creating wealth. In fact, this is already happening. The country is quickly moving to a high-value, knowledge-intensive society, beyond apparel manufacturing. This involves people have taken risks and faced challenges by becoming more innovative and adopting newer technology. It is time that global investors, particularly Indian entrepreneurs, invest in Bangladesh in areas like education, light engineering, electronics, the automotive industry and artificial intelligence – beyond the conventional menu. Furthermore, Light engineering industries in Jessore are manufacturing parts for vehicles, shallow machines, stone breaking machines, and other machinery, meeting not only the needs of the country, but also earning millions in exports. At least 300 light engineering industries are spread across Jessore, Sadar. Previously Bangladesh needed to import these machines to meet domestic demand but now the nation is producing and also exporting to India. Thus, investing in this growing sector must be recognized as a good decision.