A multinational company is a company that operates in many different countries at the same time. In other words, it is a company that does business in more than one country. From this perspective, we can see so many multinational companies running their business in Bangladesh.
People may get confused, what about the 10 largest MNCs in Bangladesh? Well, it should be a common question among people who think primarily about business and corporations. To figure this out, we have researched the top 10 based on the internet. Let's take a look at the top 10 MNCs and the most profitable MNCs in Bangladesh.
1. Unilever Bangladesh(FMCG):
Unilever Bangladesh is one of the leading multinational companies in Bangladesh and started its journey in Bangladesh in 1964 with an established soap factory in Chittagong. Unilever is a British-Dutch multinational manufacturer of consumer goods. Unilever Bangladesh has more than 10,000 employees directly or indirectly involved with the framework.
Unilever has billed itself as a sustainable lifestyle brand and has pledged to become a "carbon positive" company by 2030. The company was formerly known as Lever Brothers Bangladesh Ltd. known and changed its name in December from 2004.
Unilever Bangladesh product categories are:
Household care, fabric cleaning, skin cleaning, skin care, oral care, hair care, body care, tea-based beverages.
Marcas de Unilever Bangladesh:
Wheel, Lux, Lifebuoy, Fair & Lovely, Pond's, Close Up, Sunsilk, Taaza, Pepsodent, Clear, Vim, Surf Excel, Rexona, Axe, Dove, Vaseline y más.
Unilever Bangladesh Corporate Headquarters Address in Bangladesh:
Lot 2, Calle 8
Gulshan 1, Daca 1212
Phone: 88 (02) 9888452
Fax: 88 (02) 9862299
2. American British Tobacco(Cigarette):
British American Tobacco begins its journey 100 years ago in Bangladesh. They really started their journey after the independence of Bangladesh in 1972. At that time, the company was called Bangladesh Tobacco Company Limited.
In 1998, the company changed its name and identified itself as British American Tobacco Bangladesh Company Ltd. Bat Bangladesh is the first company to be listed on the Dhaka Chittagong Stock Exchange.
British American Tobacco Group, the world's most international tobacco company with brands sold in more than 180 markets worldwide. British American Tobacco is the second largest seller of tobacco products after Philip Morris International. In Bangladesh, British American Tobacco became more popular as "Philip Morris International".
Marcas de British American Tobacco de Bangladesh:
Benson & Hedges, John Player Gold Leaf, Pall Mall, Winch, Scissors, Star, Pilot, Bristol and much more.
BAT Corporate Headquarters Address in Bangladesh:
British American Tobacco Bangladesh
Nueva calle DOHS, Mohakhali
Daca – 1206
3.Grameenphone Ltd(telecommunications industry):
Grameenphone is one of the leading telecommunication service providers in Bangladesh with more than 74 million subscribers and a 46.3% market share.
It is a joint venture between Telenor and Grameen Telecom Corporation.
Telenor, a Norwegian telecommunications company, owns a 55.8% stake in Grameenphone, Grameen Telecom owns 34.2% and the remaining 10% is publicly owned. Grameenphone was the first company to introduce GSM technology in Bangladesh and built the first mobile network covering 99% of the country.
Address of Grameenphone's corporate headquarters in Bangladesh:
4. Standard Collegiate Bank(banking sector):
Standard Chartered Bangladesh is a leading multinational bank. Standard Chartered Bank is the largest international bank in Bangladesh with 26 branches, 57 ATMs and 7 financial kiosks; employs more than 1,300 people.
Standard Chartered is the only foreign bank in the country with a presence in 6 cities: Dhaka, Chittagong, Khulna, Sylhet, Bogra and Narayanganj; including the country's only offshore banking entities within the Dhaka Export Processing Zone (DEPZ) in Savar and the Chittagong Export Processing Zone (CEPZ). Standard Chartered has been operating in Bangladesh for over a hundred years.
Standard Chartered Bank Corporate Office Address in Bangladesh:
Avenida Gulshan 67, Gulshan
Telephone: + 880 2 8833003 – 4
5. Nestlé Bangladesh(FMCG):
Headquartered in Vevey, Switzerland, Nestlé was founded in 1866 by Henri Nestlé. Nestlé is now the world's leading nutrition, health and wellness company. Nestlé Bangladesh Limited started its first commercial production in Bangladesh in 1994. Nestlé's Bangladesh factory is located in Sripur.
500 people work directly at Nestlé and more than 1,000 indirectly. The motto of this company is Good Food, Good Life. Maggi noodles and Nescafé coffee are the flagship products of Nestlé Group Bangladesh.
Maggi pasta. Maggi Shaad-e-Magic, Nescafe, Nestea, Nesfruta, Coffee-Mate, Nido, Cornflakes, Koko Krunch, Munch and various other baby foods.
Nestle Bangladesh Corporate Headquarters Address in Bangladesh:
Nestlé Bangladesh Ltd.
Ninakabbo, Stufe 4
227/A, Tejgaon-Gulshan Link Road
Tejgaon Industrial Zone
Fax: +88028822035, +88029881302
Video of Top 10 Multinational Companies in Bangladesh 2020:
The Procter & Gamble Company (P&G) is an American multinational consumer goods company headquartered in Cincinnati, Ohio, with operations in more than 180 countries worldwide, including Bangladesh. P&G specializes in a wide range of personal health/consumer health, personal care and hygiene products.
These products are divided into several segments including beauty, personal care, health care, fabrics and home care, and baby, feminine and family care. P&G successfully operates its business in Bangladesh.
P&G Corporate Headquarters Address in Bangladesh:
banana commercial area
7. GlaxoSmithKline–GSK Bangladesh:
GlaxoSmithKline plc (GSK) is a British multinational pharmaceutical company headquartered in Brentford, London and GSK was the world's sixth largest pharmaceutical company according to Forbes in 2019. It focuses on the development, manufacturing and marketing of pharmaceutical and consumer products related to health.
GSK supplies products to 140 global markets and employs more than 100,000 people worldwide. GSK has 180 manufacturing plants in 41 countries. Every second, this organization distributes more than 35 doses of vaccine. More than 1,100 prescriptions for GSK products are issued every minute.
GSK Bangladesh Corporate Office Address in Bangladesh:
House 2A, 138th Street
Gulshan 1, Daca 1212
8. Gray Advertising Bangladesh Ltd:
Gray Group is a global advertising and marketing agency headquartered in New York City. Gray Advertising is the first multinational advertising and media buying group in Bangladesh. Gray Advertising Bangladesh Ltd strongly believes in the global creed of producing 'famously effective' work and has grown to be the most awarded and sought after agency in the country.
advertising gray bangladesh ltd. develops highly creative solutions to marketing problems around the world. Its service includes brand positioning; brand planning; creative development; and production. There are also plans to train a new generation of leaders.
Gray Advertising Bangladesh Corporate Office Address in Bangladesh:
House 06 (5th Floor), Road 137 Block-SE (D), Gulshan 1 Dhaka 1212
9. Reckitt Benckiser Bangladesh Ltd.(RB Bangladesh):
Reckitt Benckiser Group plc (RB) is a British multinational consumer goods company headquartered in Slough, England. It is a manufacturer of products for health, hygiene and the home. RB has been doing business in this country since 1961. Reckitt Benckiser operates in around 60 countries.
RB Bangladesh Corporate Office Address in Bangladesh:
Plot 2 (B)
SE Block (C), 138th Street
+88 02 988 7209
10. Cheuron(oil industry):
Chevron Corporation is an American multinational energy company and Chevron is the largest natural gas producer in Bangladesh, supplying about 50 percent of the country's natural gas consumption. It has increased production tenfold over the past decade to meet the country's growing demand for natural gas. Chevron operates in more than 180 countries, including Bangladesh.
Address of Chevron's corporate headquarters in Bangladesh:
Chevron Contact Address
Khandker Tower (9th floor)
Avenida Gulshan 94, Gulshan-1
Telephone: +88 (02) 989 2244, 882 8891
Some other prominent list of multinational companies in Bangladesh:
In Bangladesh, the history of the HSBC Group dates back to 1996, when The Hongkong and Shanghai Banking Corporation (HSBC) Ltd opened its first branch. Today, HSBC Group offers a full range of financial services in Bangladesh, including commercial banking, consumer banking, cash and payment management, merchant services, treasury, and custody and clearing.
Opening of the first branch in Bangladesh in December 1996
The network consists of 13 offices, 39 ATMs, 7 customer service centers, an offshore banking unit, and offices in 7 free industrial zones.
Main business areas of HSBC Bank:
Private Banking and Wealth Management
Corporate and Institutional Banking
Address of HSBC, Bangladesh Headquarters in Bangladesh:
Administration Office: Level 4, Shanta Western Tower
Calle Bir Uttam Mir Shawkat Ali, 186
Zona industrial de Tejgaon, Dhaka 1208
Citi NA(Citi Group, banking industry):
Citibank N A is a foreign private bank in Bangladesh and Citi has established a strong presence in Bangladesh. Now it has four branches, four service points and employs more than 180 people. Citi's clients in Bangladesh include public and private sector institutions.
Corporate Headquarters Address in Bangladesh:
Avenida Gulshan 8, Gulshan-1
Daca – 1212
Telephone: +88 096 6699 1000 / +88 02 8833567
Fax: +88 02 986 0917
Siemens is one of the world's leading companies in the growth area of electrical and electronic engineering. Siemens is a German electronics giant and operates in 190 countries around the world. Siemens creates cutting-edge innovations for better lives and drives profitability and corporate responsibility around the world.
Siemens started its business in Bangladesh in 1956. Siemens has contributed to major infrastructure development and modernization programs in Bangladesh. Siemens has successfully focused on the power and energy sector in Bangladesh.
Siemens has been active in Bangladesh for more than 50 years. The most important services provided by Siemens are Transmission System, Power Transmission and Distribution, Medical Solutions, Power Generation, Power Distribution and Lighting Solutions in the electrical and electronic market, Automation and Drive, Industrial Solutions and Services.
Siemens corporate office in Bangladesh:
Siemens Bangladesh Limited.
Torre ZN (Siemens House)
Lot – 02, Street – 08, Gulshan-1
Phone: (+8802) 9893536
Fax: (+8802) 9893597
Ericsson(Telecommunication services industry):
Ericsson is one of the largest companies in Sweden. It provides telecommunications equipment and IP networks, including mobile broadband, cable television, IPTV and video systems, and has extensive service operations. Ericsson also operates its business in Bangladesh and is now one of the notable multinational companies in Bangladesh.
Address of Ericsson's corporate headquarters in Bangladesh:
LM Ericsson Bangladesh Limited
Address: Grand Delvistaa (Level 3), Lot 1A, Calle 113
ZIP Code: 1212
Phone: +880 2 882 3864 Phone: +880 2 988 6641
Fax: +880 2 988 6642
Avery Dennison(Industrial service):
Avery Dennison Bangladesh Ltd.
3. Stock, Torre Uday, 57 Gulshan Avenue, Gulshan, Dhaka-1212
Business: world leader in pressure sensitive technology and innovative self-adhesive solutions.
Youngone Padding (Cepz) Ltd office address:
Lot No. 9-11, 18-20, Sector No. 07, Chittagong Export Processing Zone
Phone: +880-31-740466-67, 740184
Novartis (Bangladesh) Limited:
House 50, Road 2A Dhanmondi RA, Dhaka – 1209 BANGLADESH Tel: +880 2 8615302-8 Sitio web: www.novartis.com.bd
Business: Pharmacy and Consumer Health
linde bangladesh limited:
(anteriormente BOC Bangladesh Limited)
285 Tejgaon Industrial Zone,
Daca – 1208, Bangladesh.
Telephone: +88 02 8870322
Business: World market leader in gases and technical solutions.
coats bangladesh ltd:
a joint venture between AK Khan & Company Ltd. and the world's largest manufacturer of sewing threads, the UK's Coats Viyella Group. Participates in the production of sewing thread.
Dhaka office address:
Tejgaon Industrial Zone
Telephone: (88 02) 8837872 – 6
Fax: (88 02) 9886008
GIZ Bangladesh – a German-based multinational company in Bangladesh (non-profit organization) has been working since 2014 in the following areas: Renewable energy and energy efficiency Good governance, rule of law and human rights Adaptation to climate change in urban areas
GIZ office address in Dhaka:
Oficina GIZ DhakaRoad 90, House 10/C, Gulshan 2, Dhaka 1212, Bangladesh. Teléfono: + 880 9666 701 000 Fax: + 880 2 882 30 99 Dirección postal: P.O. Box 6091 Gulshan 1, Dhaka 1212
Bangladesh is an investment and employment friendly country. Investors and entrepreneurs from around the world have every intention of taking advantage of these opportunities. The company lists provided are the most common, except that many more multinational companies conduct their business in Bangladesh.
Why multinational companies consider Bangladesh as a preferred destination for business? ›
Its large labour force and big consumer market have made it an attractive investment destination for manufacturing and services industries, complemented by its infrastructure development potentials. Japanese investors have been one of the forefront runners in investing in Bangladesh.Who is the top ranked multinational company in Bangladesh according to economic report? ›
1. Unilever Bangladesh. Unilever is arguably the biggest MNC in Bangladesh.What are the major challenges of doing business in Bangladesh? ›
Corruption, weak and inefficient bureaucracy and limited access to credit – are the top three challenges which raise the cost of business significantly during 2021 particularly for the micro, small and cottage industries.Which is the biggest sector in Bangladesh and why do you think so? ›
The private sector makes up 80% of GDP. The Dhaka Stock Exchange and Chittagong Stock Exchange are the two stock markets of the country. Most Bangladeshi businesses are privately owned small and medium-sized enterprises (SME) which make up 90% of all businesses.What is the business culture in Bangladesh? ›
Bangladeshis tend to freely exchange business cards with no formal ritual as to how to give or receive a card. Nonetheless, business cards should be treated with respect. Professionalism is highly valued. Overly casual behaviour may be misinterpreted as a lack of respect.Which is the No 1 company in Bangladesh? ›
1. Akij Group. Founded in 1940 by Sheikh Akijuddin, Akij Group is one of the largest industrial conglomerates in Bangladesh.Who is the biggest employer in Bangladesh? ›
- BEXIMCO GROUP. Talking about the Top 10 Groups of Companies in Bangladesh, we had to Position BEXIMCO Group to the Top. ...
- BASHUNDHARA GROUP. ...
- SQUARE GROUP. ...
- PRAN-RFL GROUP. ...
- ACI GROUP. ...
- ABUL KHAIR GROUP. ...
- CITY GROUP. ...
- NAVANA GROUP.
Referring to high potential of boosting bilateral trade, he said Bangladesh is the eighth-largest populous country with a homogenous market, making a good place for business.Is Bangladesh a good country for business? ›
The Bangladesh market is very promising. As per our observation, right now Bangladesh is relatively more stable than many markets around the world and is growing extremely fast. The overall management of the government and other aspects of the economy showcases the great potential for the country.Who are the best entrepreneur in Bangladesh? ›
- Afeef Zaman (ShopUp)
- Fahad Ifaz (iFarmer)
- Zeeshan Zakaria (Shikho)
- Ayman Sadiq (10 Minute School)
- Hussain M Elias (Pathao)
- Waseem Alim (Chaldal)
- Sylvana Quader Chowdhury (Praava Health)
- Reyasat Chowdhury (Shuttle)
Why is it difficult to do business in Bangladesh? ›
Corruption. While corruption is ubiquitous in Bangladesh, it does not make life easy for an entrepreneur. Even in some established and well-known multinationals, one needs to grease the palms of the procurement department to win contracts.What is one of the biggest challenges facing Bangladesh? ›
Bangladesh is among the most climate vulnerable countries, victim to heavy rain, floods, cyclones, salinization and spells of drought, intensifying the risk of food insecurity, disappearance of income opportunities for farmers, and the spread of water-related diseases.Which industry is growing fast in Bangladesh? ›
Bangladesh has become one of the important hotspots for textile and garment machinery amidst the quest of entrepreneurs to improve productivity and cater to orders of apparel shifting from other countries.What is the main source of income in Bangladesh? ›
Bangladesh has remained largely agricultural, with nearly half the population employed in this sector in the early 21st century. Rice is the predominant agricultural product, but jute and tea, both of which are key sources of foreign exchange, also are important.Why Bangladesh is fastest growing economy? ›
A "robust demographic dividend, strong ready-made garment (RMG) exports, resilient remittance inflows and stable macro-economic conditions" have backed rapid economic growth in the past 20 years.How can we maintain good business culture in Bangladesh? ›
Since Bangladeshis follow a formal and hierarchical structure in business meetings, you must show professionalism all the time. Avoid interruptions. It will have a negative impact if you make disruptions during the meeting, remember, they always try to maintain harmony. Keep an eye on your behavior and body language.What makes Bangladesh Popular? ›
What is Bangladesh famous for? It is home to the world's largest river delta, which is formed by the Brahmaputra and the Ganges river. Roaming Bengal tigers in the Sundarbans, a mangrove and swampland in the delta. For the longest natural uninterrupted sea beach in Asia (Cox's Bazar beach), which is 150 km long.What are the 4 major types of business culture? ›
They identified 4 types of culture – clan culture, adhocracy culture, market culture, and hierarchy culture. You can take the Organizational Culture Assessment Instrument (OCAI) to assess your organization's culture in just 15 minutes and make strategic changes to foster an environment that helps your team flourish.How many multinational companies are there in Bangladesh? ›
In Bangladesh, there are around 921 Multinational Companies. Some of them are doing business before independence (1971). Multinational Company or MNCs are large, has a huge capital and business offices in different countries to operate their business activities.What are multinational companies with examples? ›
Some examples of multinational companies are Coca-Cola, Unilever, Pepsi, Starbucks, McDonald's, BMW, Suzuki, Samsung, etc. There are four types of multinational companies: decentralised multinational corporations, global centralised corporations, international companies, and transnational enterprises.
What type of companies are in Bangladesh? ›
- Private Limited Company.
- Public Limited Company.
- One-person Company.
- Companies limited by guarantee.
- Companies with unlimited liabilities.
- Sole Proprietorship.
Walton Bangladesh | 363.91 Billion (7.77%)
Walton is the most successful Bangladeshi multinational electrical, electronics, automobiles, and other home appliances company in Bangladesh.
Hong Kong has become one of the top 10 foreign investors in Bangladesh, pouring $1.8 billion till date mainly in the textile and energy sectors, said Rizwan Rahman, president of the Dhaka Chamber of Commerce and Industry (DCCI).Who is the market leader in Bangladesh? ›
Hongkong and Shanghai Banking Corporation Limited (HSBC) has been voted 'Market Leader' in Bangladesh for the 13th time and the 'Best Service' in Bangladesh for five years in a row, in the Euromoney Cash Management Survey 2022.Which is the largest technology company in Bangladesh? ›
One of the biggest IT and old companies in Bangladesh is Spectrum Engineering Consortium Ltd. Since 1995, they have provided services to more than 800 local and international clients.Who is the biggest man in Bangladesh? ›
Agricultural sector is still the largest employer in Bangladesh. It accounts for 37.6% of the total work force and 13.1% of the GDP.Does Bangladesh have a strong economy? ›
Bangladesh's economic freedom score is 52.7, making its economy the 137th freest in the 2022 Index. Bangladesh is ranked 29th among 39 countries in the Asia–Pacific region, and its overall score is below the regional and world averages.Is Bangladesh friendly to us? ›
Bangladesh is a major American ally in South Asia. The two countries have extensive cooperation on matters of regional and global security, counter terrorism and climate change.Why Bangladesh is good for investment? ›
Bangladeshi products enjoy duty free and quota free access to almost all the developed countries. This access to the global market is further influenced by the fact that the policy regime of Bangladesh for foreign direct investment is by far the best in South Asia.
Is Bangladesh poor or rich country? ›
M.M. Ispahani Limited (Bengali: এম এম ইস্পাহানি লিমিটেড), also known as The Ispahani Group, is a Bangladeshi conglomerate headquartered in Chittagong. Founded in 1820, it is the oldest company in Bangladesh and is owned by the Ispahani family.Who is the businessman of the year in Bangladesh? ›
Meanwhile MA Jabbar, managing director of leading garment exporter DBL Group, has been honoured as Business Person of the Year 2021 award for his leadership role in taking the organisation to newer heights and contributing to Bangladesh's economic development.Who is the greatest businessman in the world? ›
- Jeff Bezos - $136 billion. ...
- Bill Gates - $115 billion. ...
- Warren Buffet - $108 billion. ...
- Larry Ellison - $102 billion. ...
- Larry Page - $98.4 billion. ...
- Sergey Brin — $94.6 billion. ...
- Steve Ballmer - $94 billion. ...
- Carlos Slim – $84.2 billion.
(-) Very weak infrastructure and poor business climate
Economic development is hindered by poor public institutions, low level of infrastructure, regular power outages, annual floods in vast areas of the country and endemic corruption.
The economic crisis triggered by the Russia-Ukraine war, supply chain disruption and soaring prices of commodities in the post-coronavirus period has already caused Bangladesh's foreign exchange reserves to fall, consumer prices rising and the current account deficit remaining very high.What is the problem with Bangladesh economy? ›
The economy of Bangladesh is under pressure from various aspects, including the continuous increase in commodity prices, energy crisis, dollar crisis in banks, decrease in expatriate income, declining reserves, massive money laundering, rising debt defaults, and collapse in export earnings.Why Bangladesh is best for business? ›
Strategic location for land and sea trade
These regions must go through Bangladesh in order to access these routes. With its location in East Asia, it is also close to other major economies such as India and China, whilst being decently close to countries in Southeast Asia and the Middle East.
Many entrepreneurs in Bangladesh are still not skilled at managing their company's financial aspects. They struggle with time and monetary management. To make things worse, most people are not respectful towards their fellow entrepreneurs in regards to their payments.What are the 10 problem bank in Bangladesh? ›
The banks are Bangladesh Krishi Bank, Agrani Bank, Rupali, Janata, Sonali, Rajshahi Krishi Unnayan Bank, BASIC Bank, National Bank, ICB Islamic Bank, Bangladesh Commerce Bank, and Padma Bank.
What are the common social problems in Bangladesh? ›
The main problems are overpopulation, poverty, unemployment, crime, juvenile delinquency, corruption, lack of nutrition, prostitution, beggary and vagabond problem, dowry and women repression, lack of proper distribution of wealth, divorce, mental illness, mentally disability problem, lack of security, drug addiction, ...What is the main cause of corruption in Bangladesh? ›
Corruption by sector. Bribery, rent-seeking and inappropriate use of government funds, excessive lobbying, long time delays in service performance, pilferage, irresponsible conduct from the government officials, bureaucratic intemperance have made public sector departments the most corrupt sectors of Bangladesh.Why is Bangladesh a popular destination for FDI? ›
Strategic location, regional connectivity and worldwide access. Bangladesh is strategically located in between India, China and ASEAN markets. As the South Asian Free Trade Area (SAFTA) comes into force, investors in Bangladesh enjoy duty-free access to India along with EU, Japan and major developed countries.Why do companies outsource to Bangladesh? ›
Bangladesh, located in South Asia, is an emerging outsourcing destination to run business operations at a fraction of the cost. Outsourcing costs in Bangladesh are quite low compared to developed countries like the US and many other popular outsourcing destinations in Asia like China.Why Bangladesh is a good investment destination? ›
Bangladeshi products enjoy duty free and quota free access to almost all the developed countries. This access to the global market is further influenced by the fact that the policy regime of Bangladesh for foreign direct investment is by far the best in South Asia.Who is the biggest investor in Bangladesh? ›
China has become the largest FDI (foreign direct investment) source country of Bangladesh in terms of the gross flow of $940 million for fiscal year 2022.Who are the largest investors in Bangladesh? ›
United States is the largest source of foreign direct investment in the Indo-Pacific region, nearing $1 trillion as of 2021, and the largest source in Bangladesh, with over $4.3 billion invested and counting, said the US Embassy in Dhaka.Which investment is best in Bangladesh? ›
- National Savings Certificate or NSC & Post Office Savings Scheme. The National Savings Certificate is the most popular investment option in the country. ...
- Fixed Deposit Receipt or FDR. ...
- Deposit Pension Scheme or DPS. ...
- T-bills and Bonds. ...
- Investment in Stock Market. ...
- Mutual Fund. ...
- Real Estate. ...
- Startups & SMEs.
Agricultural sector is still the largest employer in Bangladesh. It accounts for 37.6% of the total work force and 13.1% of the GDP. Industry employs 21.4% and represents 27.8% of GDP.Why do companies make clothes in Bangladesh? ›
Competitive labor costs and large exports of ready-made garments still make Bangladesh a key player in global fashion sourcing.
What is the disadvantages of Bangladesh? ›
Further, poor infrastructure, pervasive corruption, crime and disorder, underdeveloped financial markets, excessive regulations, and inadequate human capital seem to have created a locational disadvantage for Bangladesh vis-à-vis its neighboring countries in attracting FDI. ...Why is business so difficult in Bangladesh? ›
Corruption is the greatest impediment to conducting business in Bangladesh, overshadowing issues such as liquidity crisis and soaring inflation, according to a survey released on Sunday.What is the biggest business in Bangladesh? ›
- Grameenphone Bangladesh | 454.91 Billion (9.72%)
- British American Tobacco Bangladesh | 283.82 Billion (6.06%)
- Square Pharma Bangladesh | 185.62 Billion (3.96%)
- United Power Bangladesh | 157.85 Billion (3.37%)
- Renata Bangladesh | 118.49 Billion (2.53%)
The ready-made garment industry is the engine of Bangladesh's economy. It accounts for more than 80% of the country's exports. It's contributing an increasing amount to the global economy too. The government forecasts that by 2025, Bangladeshi factories will produce 10% of the world's apparel.How is Bangladesh economy growing so fast? ›
In addition to RMG exports, Bangladesh also exports jute and jute goods, fish, shrimp and prawns, leather and leather goods, home textiles, vegetables, and pharmaceutical products. Leather, jute and pharma sectors are growing fast “and have vast potential,” notes Deutsche Bank's Zaman.