Reports indicate that an increasing number of investors is looking to invest in Bangladesh rather than in other Asian countries. It seems the country, which is a major producer of leather, jute and tea, is said to offer attractive ventures for overseas firms looking to produce in Asia.

It is hoped foreign investment could reach $5 billion by 2015 because if its cheap, well-trained workforce, access to raw materials and improved communication and technological systems.

Experts recognise that the country has missed opportunities in the leather sector because of its inability to establish itself as an important centre for the leathergoods market, but claim this is set to change in the near future. Having been successful in the textile sector for some time, it is believed similar techniques can be used to improve labour-intensive markets such as leathergoods and footwear markets which have yet to meet their full potential.

Share this story: