A weeklong event titled ‘Made in Bangladesh Week-2022’ has begun in the capital Dhaka to showcase the capability of the country’s apparel sector before the world. Prime Minister Sheikh Hasina inaugurated the event organised by Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Promoting ‘Made in Bangladesh’ is the main objective of the event as BGMEA wants to increase the market share of Bangladeshi apparel in the global market. It is expected that the mega event would also create opportunities for the partners of the global value chain to work together to face the global challenges.
While addressing the opening ceremony Prime Minister Sheikh Hasina called upon the foreign businessmen and entrepreneurs to choose Bangladesh for investment and sourcing as the country has turned into the best favourable destination for it.
Bangladesh is one of
the most favorable
destinations for investment
The duty-free quota-free (DFQF) access of Bangladeshi products to different foreign markets attracts world investors. Our country is developing connectivity with South Asia and South East Asia as this region is a huge market due to its large population. Bangladesh is connecting with Trans-Asian railway and Trans-Asian highway. In addition, the country is also developing waterways, airways and railways communications.
The country is a pioneer in South Asia for regional connectivity and the strategic location of Bangladesh offers tremendous potential to be the economic hub of the region. Bangladesh is setting up 100 ‘Special Economic Zones’ (SEZs) and several Hi-tech Parks in different parts of the country and it wants local and foreign investment in those zones.
Bangladesh is one of the most favorable destinations for investment. Apart from the apparel sector, the foreign investors should make investments in renewable energy, shipbuilding, automobile, pharmaceuticals, heavy machineries, chemical fertilizers, ICT, marine resources, shipbuilding and medical equipment in Bangladesh.
To attract foreign investment, country’s local businessmen will have to explore their foreign partners in order to utilise their (foreign counties) technology and knowledge in our industry. So, all businessmen should pay special attention to good work environment, well-beings of the workers and the quality of their products.
