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| Why
Bangladesh? |
No
matter what race or religion a Bangladeshi belongs
to, they have coexisted peacefully for thousand
years. It is the friendliest country for investors,
with trainable, enthusiastic, diligent and inexpensive
labors. It is suitable for development of labor-intensive
industries.
The sea and aerial transportation
is very convenient hence it is an ideal site of
international trade. Although the GDP is still
low, but the most important is that there are
many middle bourgeoisie who have certain purchasing
power. Following the step of economic development,
they have become stronger and more competitive.
Thus it is an important consumptive market which
full of business opportunities.
Bangladesh government is
keen on participation of foreign investment for
stimulating production and economic growth. Since
1990, the government has announced a number of
incentives such as tax holidays, unhindered repatriation
of profits, withdrawal of non-tariff barriers
in all aspects and duty-free import of capital
machinery by export-oriented industries. Bangladesh
has been experiencing a major paradigm shift towards
industrialization. Gradually, it is transforming
towards a more competitive destination for foreign
investment.
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Present
Plastic Industry
Plastic Industries of Bangladesh are mainly engaged
in manufacture of different products like PVC pipe,
Garments accessories, Hanger, poly bag, Polythene bag,
and leather, plastic household products, Jute and Textile
spares Toys, plastic waste recycling, computer Accessories,
auto lighting, plastic Furniture, Poly Propylene woven,
Flexible packaging and many. Total resin import in 2005
was 5,40,000 tons and per capita plastic consumption
is 3.4 Kgs. Import of plastic resin is increasing by
10% per annum. For export government provides duty free
import of raw materials. Plastic goods are mainly exporting
to USA, CANADA, UK, JAPAN, AUSTRALIA, FRANCE etc.
Investment Policy of Bangladesh is free and open for
foreign investment. Bangladesh gives most attraction
Packages of FDI. Countries export growth is 22% in 2006
for all products whereas the national GDP growth was
6.71%.
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