Foreign investment facilities in Bangladesh
There are many opportunities for foreign investment in Bangladesh. Recently, the government of Bangladesh has reformed some of the old businesses in the domestic and international trade and investment policies to create a supportive and competitive environment for private investment.
Stable political environment that provides support for investment and sustainable development in the country.
Due to the strong interest of private sector trade, Bangladesh quickly adopted various effective institutional reform programs during the introduction of market economy. Already achieved a moderate quality but balanced economic growth. The fundamental basis of the economic policy is to remove the confidence and confidence in the competitive market economy of the production and distribution of assets and the restrictive economic system on the private sector. The government is encouraging private participation by stepping up its involvement in the industry and infrastructural sectors.
In the case of economic policies, the government has taken a very precise reform plan and has formulated an open investment policy for all. In this case, the role of the government catalyst, not in any way the controller. Control and restrictions have been taken at a minimum level. The government liberalized the trade sector at a balanced pace. Significant achievement has been achieved in the areas of duty-free trade, logical tariffs and increasing export facilities. The highest emphasis is given on various aspects of industrial structure and import policy.
Inability to determine the inefficiency of the state-owned industrial and commercial establishments, misuse of property and the changing market and consumer demand, the government has forced the government to undertake a comprehensive privatization action plan. Various plans, including help and attractive offers for international investors, have been taken.
To attract foreign investment in export-oriented industries like textile, leather goods, electronics products, chemical and petrochemical, agricultural based industries, raw jute, paper, silk industry, frozen food (especially shrimp), tourism, agriculture, small industries, software and data processing. Trying Also, foreign investment is being invited to set up heavy and information technology industries, which will help reduce domestic imports.
Some foreign investment facilities in Bangladesh:
• 100 percent direct investment in foreign direct investment (DFI) or Export Processing Zone (EPZ) or investment outside the area,
• Investments listed by purchasing shares of public companies through stock exchanges,
• Investment in infrastructural projects such as electricity, oil, gas and mineral exploration, telecommunications, ports, roads and highways,
• Direct / direct purchase or purchase of shares of government organizations (shares of any company under the privatization process,
• Private EPZ Investments
Investment Board is responsible for providing all types of services to domestic and foreign investors in establishing export oriented and processing industries through private initiative. The main focus of this board is to provide investment and business support to all types of investors. In this board led by the head of the government, the Ministry of Finance, secretariat and various business representatives have been appointed as members.
In order to attract local and foreign investors, the Board has already taken various programs. As soon as the investment board offers various services, it is working to implement new projects.
The government has adopted an open policy to attract foreign investment to strengthen the country's economic growth, especially to strengthen industrialization. Bangladesh Export Processing Authority (BEPZA) is working to attract foreign investment in the country's export processing sector and provide various support to the industries.
Bangladesh has already created a favorable environment for foreign investors and has succeeded in achieving their confidence.
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