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The burgeoning domestic market and the prospect of significant cost reductions for companies sourcing components and finished goods for international markets makes Bangladesh a compelling choice for investors.
Thriving in this sector are machinery parts and consumer items.
The light engineering industry in Bangladesh continues to grow each year. This labor-intensive sector produces a diverse range of items, including import substitute machinery spares, plant machineries, small tools, toys, consumer items and paper products for the domestic market. Most of these enterprises are located in and around Dhaka metropolis. Entrepreneurs from China, Japan and Korea have taken advantage of Bangladesh's cheap and easily trainable labor and its infrastructure facilities to manufacture products for the export market.
Sheikh Hasina, the Prime Minister of the People's Republic of Bangladesh, assumed the office on 12 January 2014 for the third time after her party Awami League-led grand alliance won the January 5 Parliamentary elections. Details...
Kazi M. Aminul Islam
Bangladesh Investment Development Authority(BIDA)