Why Invest in Hi-Tech Parks
Bangladesh, growing rapidly over a decade, is on its way to becoming the next Asian Tiger. Economic and political stability are driving its journey towards the future. The economy has grown at an average rate of 7% percent during the five years even in the Covid-19 pandemic situation. The per capita GNI in FY 2020- 2021 was USD 2,227. The country has USD 44 billion in Foreign Exchange reserve. Currently the 41st largest economy, Bangladesh will be the 25th largest economy by 2035.
Pro-market policies embedded within the government’s economic vision contribute to a strong, liberal and transparent trading and commercial environment. In its drive to build a strong and stable economy the government has implemented several policies that opens up attractive opportunities and incentives for foreign investors.
Bangladesh is committed to further diversifying its economy by facilitating investment in targeted sectors such as Hi- Tech Electronics, Software Technology, Bio-Technology, Green Technology, Renewable Energy, Hardware Manufacturing, IT/ITES, R&D etc. There is great opportunity to invest in new technologies and unique solutions in a variety of economic sectors to maximize the economic advantages presented by its location, beauty, infrastructure and human capital.
Huge efforts have been made to improve the ease of doing business in the country. The formalities and processes for registration and operations of foreign investments have been streamlined through changes in laws and regulations, and well-defined procedures, designed to offer clarity, security, convenience and speed for investors looking at investing in the country.