Doing Business in Bangladesh

15.2. Green Energy Initiatives

Bangladesh is actively embracing green energy solutions in its pursuit of sustainable development. The government has initiated reforms in the power and energy sectors, focusing on transparency and sustainable practices.   The Bangladesh Working Group on Ecology and Development (BWGED) has proposed 16 key reforms to combat corruption and address climate change risks.   Additionally, […]

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15.1. Digital Transformation and E-Commerce Growth

The nation’s digital landscape is undergoing rapid transformation, with the e-commerce sector emerging as a pivotal growth driver. The government’s “Digital Bangladesh” initiative has laid the groundwork for a robust digital economy, fostering innovations in mobile financial services and tech startups. The recent draft of the ‘National Digital Transformation Strategy’ aims to expedite this progress,

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14.3 Public-Private Partnership Opportunities

Public-private partnerships (PPPs) present significant opportunities in Bangladesh’s infrastructure development. The Public-Private Partnership Authority (PPPA) oversees these collaborations, offering incentives like 100% income tax exemptions for 10 years post-commercial operation and similar exemptions on capital gains, royalties, and technical assistance fees. Foreign technicians also enjoy a 50% tax exemption for three years. Financial support mechanisms,

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14.2 Free Zones and Industrial Parks

To bolster industrial growth, Bangladesh has established Special Economic Zones (SEZs) and industrial parks. The Bangladesh Economic Zones Authority (BEZA), formed in 2010, aims to develop 100 SEZs, with a current focus on five priority zones to attract foreign investment. Notably, the Bangabandhu Hi-Tech City (BHTC) at Kaliakoir stands as the country’s first dedicated SEZ

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13.6. Financial Services and Fintech

Bangladesh’s financial sector is undergoing a digital transformation, with fintech innovations enhancing financial inclusion. Mobile financial services have revolutionized transactions, bringing banking services to the unbanked population. Nonetheless, challenges such as cybersecurity threats, regulatory compliance, and digital literacy need attention. Collaborative efforts between regulators, financial institutions, and tech companies are crucial to building a secure,

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13.5. Agriculture and Food Processing

Agriculture remains a vital sector in Bangladesh, employing a significant portion of the population. Integrating technology into farming practices can enhance productivity and ensure food security. The food processing industry holds immense potential for value addition and export diversification. However, challenges like supply chain inefficiencies, lack of cold storage facilities, and limited access to credit

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13.4. Infrastructure and Real Estate

The infrastructure and real estate sectors in Bangladesh are experiencing rapid growth, propelled by urbanization and economic development. Investments in mega projects like the Padma Bridge have enhanced connectivity and opened up new economic corridors. Despite these advancements, challenges such as regulatory hurdles, land acquisition issues, and ensuring sustainable urban planning persist. Addressing these challenges

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13.3. Technology and Startups

Bangladesh’s startup ecosystem is burgeoning, driven by a young, tech-savvy population and increasing digital connectivity. The government’s support through policies and incentives has fostered innovation and entrepreneurship. However, challenges like access to funding, mentorship, and market access remain. To sustain momentum, it is imperative to strengthen the support infrastructure, encourage public-private partnerships, and focus on

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