Foreign investors flood domestic trade grounds

04 Feb '08

2 min read

Bangladesh is emerging as one of the most preferred destination for investing countries like South Korea, China, Hong Kong, Taiwan, Pakistan, Germany, UK and even the US.

Statistics show that around 156 foreign companies with 100 percent ownership have established industries in different EPZs in the country.

Of the one mentioned, South Korea is one of the largest investors with about 40 companies involved only in ready made garments and related accessories production. Footwear and leather goods also form a significant sphere of investment for foreign companies. The next in line is Japan with 22 complete ownership and two joint venture investment.

While joint venture companies by China, Taiwan and Hong Kong have come up with 23 absolute ownership industries, the trio in agreement with Bangladeshi companies has also set up seven other industries.

India has also made the most of the opportunity given by Bangladesh, holding 11 complete ownership industries and five joint venture industries in BEPZA areas.

A total of 49 RMG and garments accessories producing industries are completely owned and operated by foreign investors. Textile sector ranks second with 38 industries Foreign Direct Investment(FDI).

These foreign investments have also tremendously boosted export from the Bangladesh Export Promoting Zones Authority (BEPZA) during the first half of 2007-08 fiscal year, rising to US $1076.96 million against $1015 million in the same period last year.

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