Dhaka office and doing business in Bangladesh

 

CWC Gulf in Bangladesh ...


CWC Gulf have successfully worked in Bangladesh since mid 2001 and have an office in Dhaka. If you are planning to do business in Bangladesh then speak to us now.


Seraj Islam
Vice President CWC Gulf Bangladesh


Vice President of the CWC Gulf Bangladesh office. Seraj holds a unique access to the highest levels of Government in the Country. Based at the Dhaka Office in Bangladesh.

Faruk Chowdhury
CWC Gulf Consultant for Bangladesh


CWC Consultant for Bangladesh. Faruk is extremely active in commercial business affairs for the country. A director of British Airways GSA Bangladesh and chairman of Sky Link hotels Bangladesh, Faruk has interests in many Bangladeshi companies and business sectors and is very well placed to structure the right conditions for entry by any company into the local market. Based at the Dhaka Office and also in London.

CWC Gulf News in Bangladesh ...
World Bank Snapshot for Bangladesh
Asian Development Bank Report
World Bank Country Data Sheet

A Country developing fast ...

The People's Republic of Bangladesh is a moderate, democratic and homogeneous country. It maintains a constitutional republic with a multi party parliamentary democracy. Elections are held on the basis of universal suffrage. The President is the head of state elected by the members of the parliament for a five-year term. Executive power is exercised by the cabinet headed by the Prime Minister, who is the leader of the house in the parliament. The President appoints the Prime Minister and, on her recommendation, other ministers. He also appoints members of the judiciary. Bangladesh has a four-tier local government system.

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CWC Gulf audio visual introduction

Bangladesh is one of the least developed countries in the world. In 1997/98 per capita GDP was US$338. Most land is fertile and intensely cultivated, rice being the main crop, followed by jute and tea. Agriculture accounts for around 34% of GDP and 65% of employment while the manufacturing sector accounts for only 18% of GDP and 16% of employment activity.

The cost of doing business in Bangladesh is highly competitive in comparison to other economies in the region. Mineral Resources include Natural gas, limestone, hard rock, coal, lignite, silica, sand, white clay, redio active sand, etc and there is a strong possibility of some oil deposits. The Government are actively encouraging new natural gas based industries including:-

Electricity Generation
Fertilizer Production
Petro Chemicals

Bangladesh has official gas reserves of about 20 trillion cubic feet (tcf) although various studies conducted by US survey groups, Unocal the US energy group and Petrobangla, the state energy corporation, have concluded that the reserves are nearer to 65 tcf and maybe even higher. On this question no one really knows for sure as Bangladesh has perhaps one of the last great remaining unexplored gas deposits in the World.

The primary concern of the Government has been to ensure that there is enough gas being produced to service domestic production. Unfortunately economic and operating conditions in the country have not been conducive for Oil & Gas exploration companies to invest into new fast track gas development and therby exploiting the huge reserves. For this reason the whole question of exporting gas and India's willingness to buy it has become one of the greatest and most sensative political issues in Bangladesh. This has also been complicated by India's desire to pipe gas from Myanmar (Burma) accross Bangladesh teritory.

There is a massive demand for fertilizer in Bangladesh as agriculture is a principal sector of the economy and low cost textiles are also a major export.

The private sector power generation policy announced in 1996 under which private power companies are exempt from income tax for 15 years. Several barge-mounted power plants are in operation. But an extensive demand gap for electricity is crucial. Opportunities exist in developing new plants (barge-mounted and other, large, small and mini), constructing transmission and distribution system, rehabilitating or upgrading existing plants and supplying a variety of support services. Investment opportunities are available on a number of different basis.