Bangladesh in one of the 48 least developed countries measured in terms of per capita income, literacy rate and contribution of manufacturing to GDP. Foreign trade policy in this regard can contribute in alleviating poverty by encouraging investment in those industries that are based on labor intensive technologies and allow women to be included in labor force. So far entrepreneurs of RMG are not directly involved in international marketing. But after the year the market will be open for all the producers and they will have to take the responsibility to market their products directly.
Then I advice you read on. Bangladesh happens to be the 8th most populous country in the world with a population that is well over Million. It is located in the southern eastern part of Asia and is bordered by Burma, India and Nepal.
The capital city and seat of power of Bangladesh is called Dhaka and its official language is Bengali, with English also widely spoken in the country.
The economy of Bangladesh is a progressive one and it is considered to be among the next eleven emerging economies in the world. It is a fact that Bangladesh is the birth place of microfinance banking with credit to the Noble Peace Prize winner Muhammad Yunus.
The economy of Bangladesh revolves basically around the exportation of textile and garments, seafood, jute and fish. Agriculture is an important contributor to the economy of Bangladesh and the country is rated as one the largest cultivator and exporter of agriculture products such as; banana, mangopotato, tropical fruits, onion, rice, teafish, jute, pineapple amongst others.
The Government of Bangladesh is doing all they can to encourage foreign investors; hence the establishment of several export processing zones. Now let us run through some of the business opportunities that are available to investors heading to Bangladesh.
Food Processing Company The food processing sector in Bangladesh is indeed a thriving industry simply because of the cheap labor and cheap raw materials that are available in the country. If you are an accredited investor and are looking for a place to establish a profitable company, then you should consider establishing a food processing company in Bangladesh because of all the positives you stand to gain.
Rice Farming If you are game with farming as an investor, then you may want to consider giving rice farming a shot! Bangladesh is one of the largest producers and exporter of rice globally and the market is still very much open for new investors. If you mean serious business, you should not only engage in rice farming, you should also be involved in rice processing, bagging and exportation as these are ways to generate more profit.
Textile and Garment Manufacturing No doubt Bangladesh is recognized globally as one of the leaders when it comes to the production of textile and garments. This is so because the country can boast of cheap and vibrant labor and also cheap raw materials.
Some big — time textile manufacturing companies in developed countries have their textile and garment factory established in Bangladesh because of cost effectiveness. Open a Micro — Finance Bank Bangladesh is the birth place of micro financing and if you choose to establish your own micro — finance bank, then rest assured that you would sure make profits, because the business concept is well understood and accepted by its citizens.
If you intend establishing your own micro finance bank in Bangladesh, you would be required to have certain financial base and pay an amount before you can be granted a license operate.
Fruits Plantation Bangladesh is highly suitable for the cultivation of crops such as banana, mango, tropical fruits, and pineapple amongst others.
If you establish your own fruits plantation, you would not only have to supply to the local markets but also to international markets.
Bangladesh is one of the largest exporters of tropical fruits simply because it is cheaper compared to what you can get from other countries. Seafood and Fish Business Another highly thriving business you can establish in Bangladesh is seafood and fish business.
With a population of over million people, you can be sure of loads of people patronizing you and if you choose to go into exportation, there will also be a large international market waiting for you.A business plan can provide essential background information on your business, strategy, and culture to employees, including managers and staff, as your business grows.
Business Plan Competition for New York-based startup entrepreneurs with cash prizes totaling over $30, Entrants gain practical insights about starting and growing a business, while using the comprehensive small business resources at NYPL’s Science, Industry and Business Library (SIBL).
Microfinance initially had a limited definition - the provision of microloans to poor entrepreneurs and small businesses lacking access to bank and related services. The two main mechanisms for the delivery of financial services to such clients were: (1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepreneurs come.
19/11/ Sorry only small feed logs this weekend as I had other things to do. Optus C1/D3 "SBS Foodnetwork" is now called SBS Food. Monday. Optus D2 V . Nov 20, · The Asahi Shimbun is widely regarded for its journalism as the most respected daily newspaper in Japan.
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