Doing Business in Bangladesh Guides. Asia. Learn from the Bangladesh Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about Bangladesh Franchise & Business Opportunities and other small business and SME entrepreneurship news. Bangladesh‘s economy has seen vast improvements in the years following independence in 1971. Agriculture is one of the main sectors in the country’s economy and production has been increasing. The government has also made efforts to create an ‘investor-friendly’ environment so as to attract foreign trade. Bangladesh is also the world’s third biggest rice producer. Much of the country’s agricultural land is set aside for the cultivation of rice, as well as jute and some wheat. The garment industry is massive and one of the most impressive in the world. This industry in Bangladesh has created extensive numbers of jobs for the population and particularly for women.
Doing Business in Bangladesh Guide
Bangladesh’s garment industry currently accounts for roughly 80 percent of the country’s exports. Garment exports have expanded steadily since 1990 despite chronic energy shortages and infrastructure constraints, occasional labor unrest and political turmoil, and periods of weakening global demand. With a workforce growing by roughly two million per year and low labor costs, Bangladesh has an opportunity to replicate its success in ready-made garment production by developing other labor-intensive industries. The rapid growth of Bangladesh’s garment industry and increasing investments in energy sector projects have created growing opportunities for U.S. exports of machinery and raw materials. Learn more from Bangladesh Business Guide provided by ExportGov from the US Government.