Is Bangladesh the Next CHINDIA
In spite of typical challenges of a developing country Bangladesh has proven to be one of the consistently growing economies in the region since the early 1990s. This has been possible due to an entrepreneurial private sector base and openness to international trade and investments.
Should Bangladesh be able to address the key issues like energy shortages, poor infrastructure, lack of long-term vision for skill development, increase production efficiencies, reduce cost of doing business and good governance it has every chances to attract more investments (domestic and foreign) and generate more trade.
Bangladesh’s geographic location, in the heart of China and India, two rising economic powers in the region, will allow entrepreneurs (local and international) to tap into the large regional markets. Logistical preparations are already underway through opening Bangladeshi boarders with neighbouring countries allowing transit facilities.