Bangladesh New Business Hub in Asia

 

Bangladesh is the fastest growing economy in the world according to World Bank list of low-income countries. The International Monetary Fund estimates that Bangladesh's economy will grow from $ 180 million to $ 322 million by 2021. 2017 GDP was 9 249.86 billion. Growth rate was 7.28%. The rapidly growing domestic market, government support, low interest rates and affordable access provide unprecedented opportunities for investors worldwide to explore the country's new markets.

Bangladesh is one of the largest foreign investment centers (FDI) in the Asia-Pacific region. Over the past six years, direct foreign direct investment in Bangladesh has grown significantly to $ 2.65 billion in 2016-17. Only China (China's ambassador to Bangladesh) plans to increase FDI in Bangladesh by 50 percent in the coming years. 

Bangladesh Investment Promotion Authority from domestic and foreign sources in the US for the 2016-17 financial years. 23.25 billion - a 66% increase over last year. Foreign investment has quadrupled from $ 1.614 billion in 2007-08.1 to $ 2017 over the past decade. 32.21 Billion, up from 33 billion in August 2017.

The government of Bangladesh has made a number of efforts to improve national infrastructure through public-private partnerships (PPPs) to sustain economic growth. They recently drafted the One Stop Services Act 2018 to facilitate foreign investment. Meanwhile, in 2017, for the first time, Bangladesh allowed seven domestic companies to make foreign investment and use foreign currency.

The government of Bangladesh has revised its tax policy to provide opportunities in the telecommunications sector for the rural poor. Such results will definitely attract more investment for mobile users. The government plans to introduce new mobile technologies (e.g. 4G, LTE) in the field of telecommunications research in the short term. Bangladesh's first technology-enabled communications satellite will be launched in March 2018.

Bangladesh has established itself as a new destination for global investors. The country offers many opportunities for investors to explore and it is good to monitor the country’s continued growth.