Stable GDP Growth
- Bangladesh achieved positive growth (5.24%) in 2020 amidst the pandemic as one of only two ASEAN and South Asian Economies
- Before the pandemic, Bangladesh experienced nearly 8% GDP growth
Fast Emerging Economy With a Promising Future
- 8th largest market in the world in terms of population
- By 2025, the number of MACs to triple to about 34 million
Fast Scaling Infrastructure
- 39 hi-tech parks to become the centre for all ICT activities
- World's 7th largest tier IV data centre
Leapfrogging in ICT and Digital Adoption
- 19th Largest market actively using smartphones
- 98%+ population and geographic GSM coverage
- 113 million internet subscribers
Significant Cost Arbitrage compared to peers
- 10-60% lower cost, in terms of salary and benefits, infrastructure and other direct costs
- 20-75% lower cost for assembling
- Subsidized HTP rentals
Escalating Power and Internet Connectivity
- Power generation capacity in excess of 21,000 MW
- Cheap high-speed internet connections allowing 70% of the population to get online
The next hub for digital device manufacturing
- Locally manufactured smartphones meet 82% of the local market demand
Committed government support
- Customized and attractive incentive packages for foreign investors including no tax on profits, no foreign equity limit and 100% repatriation facilities
10 Billion dollar opportunity
- Revenues across the IT sector to reach $10 billion by 2025
- 21% CAGR in ICT spending
- 2500+ start-ups, 42+ accelerators and ecosystem enablers
Growing Frontier Technology Adoption
- Number of successful frontier tech companies on the rise
Incentives for investments:
10% Cashback on export-oriented revenue
No tax on profits till 2024 outside hi-tech parks
No foreign equity limit on shareholding
50% tax discount for foreign employees for first 3 years
Duty free import for fixed capital and assets
20-100% tax discount for 10 years from start of operations in hi-tech parks
100% repatriation facilities for profit and capital
100% VAT exemption on IT/ITeS office rents
80% VAT exemption on utilities in hi-tech parks
Partially and fully subsidized customized training programs for technical and managerial skills