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The Invest in Bangladesh webinar organized by PwC Sri Lanka in collaboration with PwC Bangladesh, scheduled for December 7, is part of a larger series of webinars on the topic of cross-border expansion.
A number of senior officials will address the forum from PwC regional offices, which are experts in Bangladesh.
Moderated by Ruvini Fernando, Director of Transactions Strategy at PwC Sri Lanka, the webinar will explore macroeconomic aspects and the business environment in Bangladesh and how companies interested in investing could be established and operated, within the framework of ‘a developing paradigm supported by the government of a developing country. The objective of the forum is to help Sri Lankan businesses expand their business reach through cross-border trade and investment and thereby establish a competitive and strong presence in regional economies.
The esteemed panel that will lead the discussion will be composed of the President of the Bangladesh Metropolitan Chamber of Commerce and Industry, Nihad Kabir, the Sri Lankan High Commissioner to Bangladesh, Professor Sudharshan Seneviratne and the Managing Partner of PwC Bangladesh Transaction Services. , Mamun Rashid, as well as other PwC experts.
Some notable advisory transactions by PwC Bangladesh include advising Japan Tobacco in its US $ 1.47 billion acquisition of Dhaka Tobacco – the country’s largest FDI to date and advising the Shanghai Stock Exchange in a 25% acquisition of the Dhaka Stock Exchange. PwC Bangladesh was also appointed to manage the National Single Window project to streamline international trade by modernizing and digitizing customs and bringing together government departments involved in import and export under one digital platform.
The Bangladesh Investment Development Authority (BIDA), Bangladesh’s leading private investment promotion and facilitation agency, is mandated to provide diversified promotion and facilitation services to accelerate the country’s industrial development. The Government of Bangladesh (GoB) is currently actively seeking foreign investment, especially in the garment industry, light manufacturing, energy, power, agro-industry and infrastructure sectors. and offers a range of investment incentives as part of its industrial policy and export-oriented growth strategy. Bangladesh’s current tax system consists of direct and indirect taxation and is governed by the National Board of Revenue.
Speaking on the value of investing in Bangladesh, Fernando said, “Bangladesh has one of the most competitive cost structures in the world and is well positioned to diversify its exports and move up the ranks of the value chain. The country also has large pharmaceutical, footwear and agricultural processing industries. The country is now looking to mobilize more investment in the country as it continues to build on its experience in supporting sustainable development in Bangladesh. It also provided investors with a number of exciting opportunities that they could take advantage of. The country has been hailed by The Economist as the new Asian tiger. And investor appetite reflects this. Last year, it received its highest level of foreign direct investment (FDI) at $ 3.61 billion, according to the United Nations Conference on Trade and Development.
With information provided by PwC’s team of highly trained professionals, who are knowledgeable experts on current and future industry trends and key business metrics for investing, this webinar promises to be an ideal platform. to gain an in-depth view of the Bangladesh market, emerging trends, growth drivers, regulations, route to market and partnership opportunities. Bangladesh’s economy has grown steadily with gross domestic product (GDP) increasing by an average of 6 percent over the past decade. It is expected to grow by 7% on average until 2033, according to forecasts by the Center for Economics and Business Research (CEBR).
Supported by a demographic dividend, strong exports, digital transformation and stable macroeconomic conditions, Bangladesh has become one of the fastest growing economies in the world. As such, the country offers generous investment opportunities within the framework of its liberalized industrial policy and its growth strategy focused on exports and driven by the private sector.
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