Bangladesh Business Summit

🌍✈️ Exploring Bangladesh: A Tourism Gem! 🇧🇩

Discover the beauty of Bangladesh's tourism potential! With a domestic market worth over $7 billion annually, and incomes on the rise, our tourism sector is on the verge of unprecedented growth. The global online travel market is set to reach $700 billion by 2026.

By 2023, the tourism sector is expected to employ 1.7 million workers, contributing 4.2% to our workforce. Bangladesh offers diverse experiences, from mangrove forests and the world's longest sea beach in Cox's Bazar to rich history and spiritual places.

Our biodiverse ecosystems, cultural richness, unexplored destinations, and natural wonders like the Sundarbans, Tanguar Haor, and more, provide captivating experiences for both local and foreign tourists. A well-planned tourism agenda not only enhances foreign currency earnings but also boosts Bangladesh's economic productivity.

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🚺💼 Empowering Women in the SMART Economy! 🌟

Women are taking the digital world by storm! Since the pandemic began, they've owned 70% of Facebook-based businesses and increased Instagram business ownership by over 65%. In Bangladesh, women have created 40% of entrepreneurship groups on Facebook, with around 300,000 people, half of them women, running businesses via Facebook.

Our nation boasts 2,500 e-commerce sites, including countless unofficial online shops run by women, contributing over $2 billion annually, ranking us 46th globally in e-commerce sales. In the BPO sector, women make up 30% to 40%, and initiatives like the She Power Project are creating women IT maintenance engineers, e-commerce entrepreneurs, call center agents and freelancers.

As of 2021, 10,500 women entrepreneurs have been empowered to thrive in the SMART economy.

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🏭🌍 Economic Zones: Fuelling Bangladesh's Industrial Future! 🚀

Bangladesh is on a mission to deepen industrialization through 100 Economic Zones (EZs), creating 10 million jobs and generating an extra $40 billion in export earnings by 2030. The Bangladesh Economic Zones Authority (BEZA) is developing these zones across 30,000 hectares of land.

BEZA's efforts also include establishing backward linkage industries, and in 2021 alone, they confirmed $29 billion in investments. Currently, 14 industrial factories are under construction in five economic zones, including the Bangabandhu Sheikh Mujib Shilpa Nagar, the largest Industrial Zone opened in October 2022. These 14 factories are set to attract $1.2 billion in investments, with $875.8 million already in place.

These EZs are magnets for local and foreign investment, aligning with global environmental and social standards while offering enticing economic incentives. Join us at the Bangladesh Business Summit to explore the immense potential of these Economic Zones and their role in shaping Bangladesh's industrial future!

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🌐💊 Bangladesh Pharma: A Global Player on the Rise! 🚀

Bangladesh's pharmaceutical industry is poised for global domination! With cutting-edge technology, global connections, and cost advantages in skilled labor, it's ready to make its mark in the $1.40 trillion global pharmaceutical market. 🌏💉

Recognizing the vital role of healthcare during the COVID-19 pandemic, the industry is set to grow to over $2.4 trillion by 2029. Bangladesh's reputation for producing high-quality medicines has earned global recognition, with 98% of local medicine demand met domestically. Exports have tripled in the past decade, projected to hit $1.5 billion by 2030.

Investment opportunities abound, with citizens spending over $2 billion annually on overseas medical treatment. Bangladesh is not only self-sufficient but also exports medicines worldwide. The sector's market value is expected to reach $6 billion by 2025.💪

🚀📦 Powering Growth Through SMEs! 🌟

Bangladesh's 8 million SMEs, employing 25 million and contributing to 25% of our GDP, are on the cusp of extraordinary growth. These small and medium-sized enterprises make up over 97% of all businesses in Bangladesh and play a crucial role in employment, with 23% engaged in manufacturing.

By establishing a resilient supply chain, we can unlock impressive benefits, including 40% to 60% revenue growth, enhanced customer satisfaction, and 10% to 20% lower transportation costs. A robust supply chain in the SME sector is our gateway to competitive advantages, reduced business costs, and fresh market opportunities in Bangladesh. 🌐📈

🚀🔌 Hi-Tech & Automobile Revolution! 🚗💻

As global supply chains evolve, Bangladesh stands at the threshold of a remarkable opportunity in hi-tech manufacturing. Building on the foundation of Digital Bangladesh and expertise in large-volume manufacturing, we're embracing change. With 39 hi-tech parks in the works, the potential is boundless.

Our road sector is a vital contributor to both national and international value chains, constituting 10% of GDP. In May 2021, we had 4,729,393 registered vehicles, with sedans dominating the market at 68%. Local assembly promises to slash automobile prices by 15%-40% by 2025, driving a surge in brand-new vehicle sales. 🚗🔋

The government aims for 15% of registered vehicles to be "environment-friendly electricity" powered.

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🤝💼 Unlocking Growth with PPP: Private Sector's Role! 🌟

Public-Private Partnerships (PPP) are driving Bangladesh towards a brighter future! With a massive need for investment projects, PPP is the catalyst for our nation's development. Structured PPP initiatives are recognized as win-win solutions, benefiting all stakeholders.

The Asian Development Bank underscores the necessity for $1.7 trillion annually on infrastructure in Asia and the Pacific until 2030. Meanwhile, Bangladesh's infrastructure demands are projected at $608 billion by 2040. Public investment in infrastructure has averaged just 2% of GDP over the past 15 years, revealing a significant opportunity for the private sector.

So far, PPP projects have attracted investments of $6.74 billion, with the energy sector leading at 76%, closely followed by the ports sector at 12%. Bangladesh ranks 7th for PPPs in the Asian Development Bank PPP Monitor.

The 8th Five-Year Plan emphasizes PPP modalities, highlighting the vast potential for investment in inter-modal transport, tourism, inter-district airline connectivity, and new international transport infrastructure.

🌱💼 Green Investments: Shaping a Sustainable Future! 🌏

Green investments are set to drive a more sustainable and climate-smart economy in Bangladesh! Globally, the green bond market is on track to reach $2.36 trillion by 2023, and a transition to a greener economy could create 24 million new jobs by 2030. Bangladesh itself holds incredible potential, with $172 billion in climate investment opportunities by 2030.

The avenues for green investment in Bangladesh are diverse, including green buildings, transportation infrastructure, urban water management, agriculture, and renewable energy. Bangladesh is actively working on developing a domestic green finance and bond market to mobilize private capital for climate-related initiatives.

Bangladesh Bank's refinancing program has spurred investments, with banks and financial institutions committing $249.31 million and $10.19 million in the green finance sector in the 3rd quarter of 2022. Over the past decade, Bangladesh Bank nearly doubled its capital for refinancing green products, benefitting sectors such as eco-friendly brick kilns, renewable energy, and liquid waste management.
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🌾🌱 Exploring Agribusiness Growth in Bangladesh! 🇧🇩🌍

Agribusiness is our ticket to a prosperous future! With a projected global population of 9.8 billion by 2050, the demand for agricultural products, especially processed food, is set to skyrocket. In Bangladesh, agriculture has been a vital contributor to our economy, with key exports including shrimps, spices, dry foods, and to***co.

As our middle and affluent class grows to 34 million by 2025, the processed food market is poised to reach a whopping US$5.8 billion by 2030. This sector already accounts for 13% of our manufacturing production value and employs 6.5% of our manufacturing workforce.

But the potential doesn't stop there! Bangladesh has the opportunity to tap into the global Halal food market, projected to be worth a staggering US$2.4 trillion by 2025. 🌐🍲

Our government is prioritizing key sectors like cold storage, agro-processing, marketing, and irrigation to propel the agro-processed industry forward.

Japan-Bangladesh: A Dynamic Partnership!

2023 marks 51 years of friendship, and the potential for trade and investment between Japan and Bangladesh is boundless. Japan is Bangladesh's top Asian export destination, with exports nearly doubling in the last decade. In 2022, FDI from Japan reached $122.72 million, and JICA has provided over $24.77 billion in ODA loans.

Our collaboration extends to a 1,000-acre economic zone for Japanese investors, offering opportunities in various sectors. Joint ventures between Japanese and Bangladeshi companies are on the rise, with more avenues awaiting exploration.

Powering Bangladesh's Sustainable Future!

Bangladesh's remarkable growth journey is poised to continue, and with it, the demand for electricity is set to soar, projected to reach a staggering 50,000 megawatts by 2041. 📈 To achieve this ambitious goal, the government has laid out a strategic plan, aiming to exceed expected demand and drive economic growth.

Over the past decade, our nation has witnessed a significant increase in electricity generation capacity, with private power production units playing a pivotal role in this expansion. Today, we proudly announce that 100% of our population has access to electricity! 💡🏡

But what's truly exciting is the surge in sustainable energy initiatives. Bangladesh has taken a bold step in embracing renewable energy, with over 4.2 million Solar Home Systems (SHS) lighting up homes nationwide, contributing to a greener future. 🌞

Our renewable energy journey began in 2008, and we've steadily progressed since then. Solar, small-scale hydropower, and biomass-biogas now constitute a significant portion of our energy mix, with a total installed capacity of 579 megawatts. 🍃☀️