Bangladesh ranks ahead in global investment atmosphere
Author / Source : STAFF REPORTER
Dhaka, Jan 4: Bangladesh has stepped ahead in global ranking in creating congenial atmosphere for investment, according to a survey conducted by Japan Bank for International Cooperation (JBIC) for the year 2011.
Bangladesh’s position is now the 16th from the 29th. “The main reason the respondent companies chosen Bangladesh as promising is ‘inexpensive source of labour,” read the JBIC’s 23rd annual survey report on overseas business operations.
A delegation of the JBIC on Wednesday called on industries minister Dilip Barua and handed over the report.
The JBIC also noted that Bangladesh with 150 million populations is chosen as promising because of the future growth potential.
China was on top of the list followed by India (2nd), Thailand, Vietnam, Brazil, Indonesia, Russia, the USA, Malaysia, Taiwan, Korea, Mexico, Singapore, the Philippines, Turkey and Australia.
Cambodia, Myanmar and Great Britain are behind Bangladesh in the ranking, the report said.
The report also identified some disadvantages for investment in Bangladesh.