[Presentation] Forecast of Growth Industries in Bangladesh & Tax Incentives for Industries by the Government

LightCastle Analytics Wing
October 16, 2019
[Presentation] Forecast of Growth Industries in Bangladesh & Tax Incentives for Industries by the Government

Unlike many of its South Asian neighbors, Bangladesh has been experiencing a continuously increasing GDP growth rate for the last five years – driven by strong consumption and public investment, recovery of apparel exports and high remittance growth. The Government has created liberal investment and business operation policies regarding taxation, import duties and work documentation among others, in a manner that encourages greater foreign investment in the secondary and tertiary sectors.

Drawing lessons from the Chinese economic success story, Bangladesh is promoting industrialization by setting up Special Economic Zones across the country, while attracting investments through investment-friendly policies like tax holidays. The policy focuses heavily on thrust sectors that are primarily export-oriented such as agro-based industries and manufacturers that specialize in ICT, artificial flower-making, electronics, frozen food, jute goods, jewelry, leather, oil, gas, textiles, construction and tourism.

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WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

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