The country of Bangladesh expects a rush of investments coming from neighboring India. The country said that incoming investments from Indian corporations are seen to double to US$5 billion within the next three years. This is due to a much better investment climate according to analysts.
"Indian investment in Bangladesh currently stands at USD 2.5 billion. However, we expect this to grow two-fold and touch USD 5 billion in the next three years," said Matloob Ahmed, Indo-Bangladesh Chamber of Commerce and Industry president.
Ahman stated that Bangladesh now offers conducive and investment-friendly climate. Basic infrastructures are already provided, like land, water, and power. The country also boasts of compelling bank financing for working capital loans.
An influx of Indian ventures and private investments have occurred within the past years, and more are seeing interest in the future. Some investments are considering a partnership with Bangladeshi parties.
He said that Bangladesh is "an open economy" with its complete lack of trade barriers.
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