30/11/2013
Why Bangladesh?
The first question that arises in any prospective client’s mind is why Bangladesh? How is investment in Bangladesh part of an attractive proposition? With so many disastrous incidents and so much political upheaval constantly making the country’s headlines, Bangladesh has hardly created a positive image of itself among the international community. However, the media’s constant flooding of negative information has drowned out some of the most outstanding endeavours of Bangladesh. Despite all odds, the country’s economy has grown 6-7% per year since 1996 and is the world’s second largest Ready Made Garment (RMG) producer after China. Its growth was resilient during the 2008-09 global financial crisis, and it continues to rapidly develop as a market-based economy.
Bangladesh ranked as the 15th best investment destination for foreign investors by the Japan Bank for International Cooperation (JBIC) in 2011. Most investments are driven by the country’s low labour cost and the labour force’s sheer size, currently standing at 74m. Considering that nearly half the Bangladeshi population is employed by the agriculture sector, Project Regreenbangla focuses on investing in the agro-based industry and utilising the country’s natural resources. Over 90 agro-processed products are now exported from Bangladesh to over 85 countries all over the world, including the EU, Middle East, Southeast Asia, Africa and the US. Project Regreenbangla plans on adding significant numbers to these statistics in the near future.
