Shades Of Grey
Bangladeshi economic growth has been strong and relatively stable. But the country has a number of business climate challenges that must be addressed before it can reach its full potential as an investment destination.
Despite continuing political turmoil and economic disruptions-many lingering from the
In year ended
"It's a nascent market that has tremendous potential," says
"In the real
TURNING CAPITAL INTO DEVELOPMENT
There is no dearth of infrastructure capital or advice flowing in. In December the
In late 2014 the IFC said it would help
"If
Some companies are tapping the domestic equity markets too. Western Marine Shipyards, the leading shipbuilder of
INFRASTRUCTURE INVESTMENT NEEDED
"There is a crying need for infrastructure investing if the economy [is] to be vital and foreign and domestic investors are to be encouraged," says
The country is experiencing elevated investment in infrastructure-with megaprojects initiated and expected to be completed in three to five years, according to a country report by 1857 Advisors. Projects include construction of the
Foreign direct investment is key to the economic revitalization of the country, emphasizes Ray. But for the country to reach its investment-to-GDP target of 30%-domestic investment is currently 27.6% of GDP-FDI has to reach 2.4%.
After decades in which
Local cheap labor may not remain a competitive advantage for too long. Many of the large multinationals that use low-cost manufacturing facilities are under pressure from their investors and customers to explore more humane and more technological options. But for transformation to take place, there is the need for more capital.
And in
The opportunities are increasing, says Ray of 1857 Advisors. "Now if we can only create a climate where investors can exploit the opportunities." *
"There is a crying need for infrastructure investing if the economy [is] to be vital and foreign and domestic investors are to be encouraged."
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