gateway

Thursday, 07 March 2019 06:24

Investors from Dubai explore Bangladesh

Rate this item
(0 votes)

Bangladesh has awakened the interest of investors from Dubai.
The country seeks investments in skill development, human resource augmentation, power and energy sector capacity building, ICT, agro-processing and fisheries. Bangladesh wants to emerge as a hub for technological, trade, business and financial connectivity and is geared toward creating more fluidity in the business and investment sectors and streamlining bureaucratic hurdles.

The investors have sought longer visa approvals for business and support for acquiring land areas for developing industrial facilities. The business leaders also highlight the need for adopting better technology at comparatively lower cost profiles.

When it comes to investing in Bangladesh, there are complaints of bureaucratic hurdles – including the presumably lengthy renewal processes and the unavailability of smoother international payment systems – particularly in foreign exchange transactions.

Since the garment sector is growing very fast in Bangladesh, foreign investors choose the country as an investment destination in the textile sector. The available workforce at a reasonable wage, duty-free market access to major export destination, preferential location in the heart of the Asia-Pacific region and policy support have acted as a catalyst to attract foreign investment in the textile and apparel industry.

Bangladesh is seeking FDI from Singapore, India, Japan, China, Thailand and other countries.