Last Updated on March 3, 2021 by Adnan Musa
Bangladesh has a population of over 160 Million and it is the 8th most populous country in the world. Bangladesh is located in the southern-eastern part of Asia and its economy is very progressive. Moreover, Bangladesh has a strong and large consumer group, low production cost, and last but not least a huge manpower to utilize. All these key factors have led international companies to focus on Bangladesh.
Bangladesh is the birthplace of microfinance banking and the Government of Bangladesh is doing all it can to encourage foreign investors. There are several export processing zones available in Bangladesh. So if you are interested to come to Bangladesh to open a business then it is guaranteed that you are coming to a safer business environment compared to many other countries of the world.
Best Business Opportunities In Bangladesh
In the last decade or so, there have been lots of changes in different sectors of Bangladesh. Industries like technology, agriculture, education, garments, etc. have developed to a great extent. Therefore, lots of opportunities are emerging in every corner of the country. As a result, you will find a lot of profitable business opportunities in Bangladesh. Our experts have researched the business trends of Bangladesh and picked quite a few business ideas that will be profitable in 2021 and years to come.
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The E-commerce industry is growing rapidly around the world and it is one of the fastest-growing business trends in Bangladesh. This is a very profitable business and there have been lots of successful e-commerce business startups in Bangladesh over the last few years. So if you want to start an e-commerce business in Bangladesh then you have to choose a niche and find out the products. Moreover, you will need a professional website to showcase your products. A proper business plan will help you grow the business rapidly. If you have limited knowledge about business then you can hire professionals to take care of your e-commerce business.
Food Processing Company
In Bangladesh, the food processing industry is very thriving and it’s growing rapidly because of the availability of cheap labor and cheap raw materials. If you are an accredited investor and are looking for a safe business environment to invest money and open a company then you should consider establishing a food processing company in Bangladesh.
Bangladesh is one of the largest producers and exporter of rice. So if you have a passion for farming as an investor then you should consider opening a rice farming company in Bangladesh. The soil of Bangladesh is perfect for this business idea and low production cost and cheap labor cost will help you grow your business rapidly. Moreover, if you mean serious business then you should also be involved in rice processing, bagging, and exportation for more profit.
Textile And Garment Manufacturing
Bangladesh has global reorganization for the production of high-quality textile and garment products and they are considered as one of the leaders of this industry. This is because Bangladesh boasts of cheap and vibrant labor and also cheap raw materials. Because of the cost efficiency, many big textile manufacturing companies from the developed country have their textile and garment factories established in Bangladesh. So if you are not from Bangladesh and don’t want to live here then even you can consider establishing your own textile and manufacturing company. You can hire professionals to look over your business and you can reap good returns on your investment.
Micro – Finance Bank
If you are interested to invest in the banking sector of Bangladesh then you can consider investing in Micro-Finance banks of Bangladesh. We already know that Bangladesh is the inventor of the micro-finance banking concept so this concept is well understood and accepted by Bangladeshi people. So if you invest in this sector then you will rest assured that you will make profits from this business concept. If you want to establish your own microfinance bank in Bangladesh then you will require a certain financial base and pay an amount before you can be granted a license of operation.
Seafood And Fish Business
This is another great business concept that you can establish in Bangladesh. Geologically, Bangladesh is a great source of seafood and various types of fishes. You can establish a seafood and fish processing factory in Bangladesh. It will be a profitable business because, with a population of over 160 million, lots of people will patronize you. Moreover, you can consider exporting seafood and can earn extra profit. There is a huge international market available for seafood and fisheries items. So you can take advantage of the huge demand of this industry.
Freight Forwarding Business
Bangladesh has a large export-import industry because most of the goods produced in Bangladesh are exported to the rest of the world. Therefore, Freight Forwarding Business is a very thriving industry from Bangladesh’s perspective. If you want to enter into this business then you have to register your company and obtain your operational license from the government. Moreover, you have to pick a location for your company office and then market your services to companies that are into the production of goods.
Tea Production Company
If you want to open a business in Bangladesh then a tea Production Company is a great business concept. The soil composition and climatic conditions in Bangladesh are highly suitable for the cultivation of tea. Therefore, you can easily open a tea production company in Bangladesh. The best part of this business is; you have a large consumer market of over 160 million people in Bangladesh. You can also export tea and earn extra profit. There is a huge demand for Bangladeshi tea in the international market. So this will be a profitable business concept from Bangladesh’s perspective.
Water Refill Station
Good source of drinking water has huge demand in Dhaka city so you can consider establishing a water refill station in Bangladesh. Moreover, portable water is a major requirement for many households and offices in Bangladesh. So the water refill station is a profitable venture. You will require an operational license from the government to supply drinking water. You have to pick a suitable location for your refill station. Try to pick a commercial location where lots of offices are available.
The soil of Bangladesh is highly suitable for the cultivation of fruits like banana, mango, tropical fruits, pineapple, etc. Moreover, the demand for fruits among Bangladeshi people is very high. So you can consider establishing your own fruit plantation firm and meet the demand of the local market as well as export to different countries. Bangladesh is one of the largest exporters of tropical fruits so you can easily grab the attention of the international market.