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CWC Gulf International CWC Gulf International
  • HOME
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    • Corporate Finance
    • FOREX
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Business in Bangladesh

Our personal relationships in Bangladesh go back more than 30 years and extend to the very heart of Government. These relationships have been built on trust and mutual respect and have provided a reliable communication channel to the principal decision makers in what would otherwise be a complex and sometimes frustrating country to do business in.

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 and members of the judiciary. Bangladesh has a four-tier local government system.

A Country Developing Fast

A focus on Bangladesh business

Bangladesh has been in the past one of the least developed countries in the world but that is changing. Bangladesh is now the 32nd largest in the world by purchasing power parity and is classified among next eleven emerging market economies. According to the IMF, Bangladesh’s economy is the second fastest growing major economy of 2016 with a rate of 7.1%. Dhaka is the wealthiest regional area having an annual GDP of US$231 billion and Chittagong serves as the largest export hub of the country.

Throughout last decade Bangladesh has averaged a GDP growth of 6.5% leading the country to becoming an export-oriented industrialization. In recent years, Bangladesh has seen a major surge in exports stemming from the Bangladesh textile industry, second largest in the world, along with emerging Pharmaceutical, Defense, and IT industries. The country’s exports are projected to exceed US$50 billion by 2021.

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, radio 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 thereby exploiting the huge reserves. For this reason the whole question of exporting gas and India’s willingness to buy it has been one of the greatest and most sensitive political issues in Bangladesh.

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.

Bangladesh in the News

Bangladesh denying berth to ship example of US forcing countries ... - bdnews24.com
Bangladesh denying berth to ship example of US forcing countries ...  bdnews24.com
Posted: February 6, 2023, 8:10 pm
Bangladesh leads the way to 'green revolution' in RMG factories - United News of Bangladesh - UNB
Bangladesh leads the way to 'green revolution' in RMG factories  United News of Bangladesh - UNB
Posted: February 6, 2023, 7:27 pm
Pakistan thrash Bangladesh in Women’s T20 WC warm-up clash - A Sports
Pakistan thrash Bangladesh in Women’s T20 WC warm-up clash  A Sports
Posted: February 6, 2023, 6:06 pm
Bangladesh made over 10cr handsets so far - The Daily Star
Bangladesh made over 10cr handsets so far  The Daily Star
Posted: February 6, 2023, 6:00 pm

Investment in Bangladesh

In 2003 it was CWC Gulf who were instrumental in presenting to the Bangladesh Government a comprehensive plan for the implementation of a two billion dollar LNG (liquefied natural gas) terminal at Chittagong for the exportation of gas to the growing markets of the Far East (China, Korea, Japan etc). Large volumes of low cost gas from Bangladesh gained on new fast track exploration and production mixed together with piped gas from Myanmar providing both revenue and domestic supply.

Bangladesh Gas Production

CWC Gulf have had an office in Dhaka since 2002. We are advising on gas, coal fired and biomass power projects as well as on sewage and sanitation issues. We have been instrumental in bringing substantial investment partners for major infrastructural civil engineering projects and for defence, technology and aerospace development.

If you are a Bangladesh company requiring an International partner for projects in Bangladesh then CWC Gulf are the right people to talk to.

If you are a British or International company looking to do business in Bangladesh then we can help. Contact us now.

Bangladesh Timeline

A short history of key events

CWC Gulf Opening Doors in Bangladesh



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