Indian Industry

Country Profile

Bangladesh
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Situated in the south Asia, bangladesh is recognized as one of the highly densely populated nation in throughout the world. Except from far southeast and south, bangladesh is bordered with india from all corner of sides. Burma and bay of bengal bounded it from southeast and south respectively. Home to around 153,546,901 people, bangladesh is an esteem member of the 'Commonwealth of Nations', 'SAARC', 'BIMSTEC', the 'OIC' and the 'D-8'. The world bank has recorded 0.547 human development index value of bangladesh. The country is surrounded with a total 144,000 sq km area which can be partitioned into133,910 sq km and 10,090 sq km land and water area respectively. The GDP of country has shown a progressive mark and it has been recored at $209.2 billion. The industrial production rate is registered nearly to 9.5%. Bangladesh has earned $11.25 billion with export of jute & jute goods, leather, frozen fish, sea food and garments.

Snapshot

Official Name - People's Republic of Bangladesh
Capital City - Dhaka
Type of Government - Parliamentary Democracy
Currency - Taka
Fiscal Year - 1st July - 30th June
Official Language(s) - Bengali
Local Time - BDT (UTC+6)
International Dialing Code - +880
Internet Domain - .bd
Major Towns/Cities - Dhaka, Chattagam, Rajshahi, Khulna, Gazipur, Maimansingh, Narayanganj, Narsingdi
Major Industries - Tea Processing, Cement, Sugar, Light Engineering, Cotton Textiles, Jute, Paper Newsprint, Garments, Chemical, Fertilizer .
Major Trading Partners - USA, UK, Germany, France, Netherlands, France, Italy, India, Japan, China, Singapore
Double Taxation Agreement with India - Yes




Economic Overview
  • 31st largest economy in all over world.
  • Garment industry is recognized as one of the most comprehensive and largest industry in throughout the world.
  • 4th largest rice producer in all over world.
  • Endowed with large reserves of natural gas.
  • Leather, jute, pharmaceutical and ceramic industries are part of the country's major industrial hub.
  • It is the 4th largest inland water fish producer in throughout the world.
  • Textile industry is characterized as country's main export earner.
  • Country's garment industry has witnessed a huge increase in their production which represented more than 50% of total export.
  • Agriculture is predominant occupation in nation.
  • No ceiling is imposed for investing in the EPZs.
International Trade
Major Export Items
Frozen Fish and Seafood, Garments, Leather, Jute and Jute Goods.

Main Destinations of Exports
USA, Germany, UK, France, Netherlands, Italy

Major Import Items
Chemicals, Machinery and Equipment, Iron and Steel, Raw Cotton, Textiles, Food, Cement, Crude Oil and Petroleum Products

Main Origins of Imports
India, China, Kuwait, Singapore, Hong Kong.

Contacts of Trade Ministries/ Associations

Bangladesh Knitwear Manufacturers and Exporters Association Bangladesh Garments Manufacturers and Exporters Dhaka Chamber of Commerce & Industries
Planners Tower (12th Floor)
13/A, Sonagargaon Road
Banglamotor, Dhaka
Bangladesh
Tel.:+(880)-(2)-9670498
Fax: +(880)-(2)-967337
E-mail:info@bkmea.com

BGMEA Complex
23/1 Pantha Path Link Road
Kawran Bazar, Dhaka 1215
Bangladesh
Tel.:+(880)-(2)-9144552/3
Fax:+(880)-(2)-8125732
Email:info@bgmea.com


Chamber Building, 65-66, Motijheel C/A
Dhaka, Bangladesh
Tel:+(880)-9552562
Fax:+(880)-9560830
Email:dcci@bangla.net

The Federation of Bangladesh Chambers of Commerce & Industries Association of Air Cargo Agents of Bangladesh Association of Travel Agents of Bangladesh
Federation Bhaban
60, Motijheel C/A, Dhaka
Bangladesh
Tel.:+(880)-9560588/9560482
E-mail:fbcci@bol-online.com

House 45 (3rd Floor),
Road 17, Banani, Dhaka
Bangladesh
Tel.:+(880)-9881663
Fax:+(880)-9881664
E-mail:acabhq@intechworld.net

House 91, Road 13 Block D
Banani, Dhaka
Bangladesh
Tel.:+(880)-605929
E-mail: weicsl@cga.lk

Bangladesh Leather Goods Manufacturing Association Foreign Investors Chamber of Commerce and Industry Japan External Trade Organization
3, Outer Circular Road
Rajarbagh, Dhaka
Bangladesh
Tel.:+(880)-406415

Mahbub Castle (4th Floor)
35/A, Purana Paltan Line
Inner Circular Road, Dhaka
Bangladesh
Tel.:+(880)-8319448
Fax: +(880)-8319449
Email: ficci@bangla.net

JETRO, Sharif Plaza 3rd Floor
39, Kemal Ataturk Avenue, Banani, Dhaka
Bangladesh
Tel.:+(880)-8818222
Fax:+(880)-8818224


Business Visa Rules
  • Duly signed valid passport with sufficient blank pages left for doing any visa stamps. The passport should hold expiration date which should be more than 6 months from the entry date of visa. If your passport does not comply with above requirements then it should be renew before applying for visa.
  • 2 copies of visa application form must be fully completed and signed by the applicant. Those applications which are on thermal fax paper are unacceptable.
  • 2 clear recent passport size photos are needed.
  • A business letter written on the company's letter head detailing financial status, purpose of traveling is needed to be submit. It should be signed by an officer or manager of company.
  • Stay is allowed for maximum 90 days.
Business Hours
Banks:  09:00 to 15:00 (Saturday to Wednesday) & 09:00 to 12:00 (Thursday)
Offices: 09:00 to 17:00 ( Saturday to Wednesday) & 09:00 to 14:00 (Thursday).

Public Holidays

Festival Date
New Year's Day January 01
International Mother Language Day February 21
Islamic New Year Date Varies
Eid Al Adha Date Varies
Independence Day March 26
Bengali Solar New Year April 14
Easter (Christian) Date Varies
Easter Monday (Christian) Date Varies
Labor Day May 01
Prophet’s Birthday (Muslim) Date Varies
Budha Purnima (Buddhist) Date Varies
Bank Holiday July 1st Monday
National Mourning Day August 15
Janamashtami (Hindu) Date Varies
Shab e-Barat (Muslim) Date Varies
Durga Puja Date Varies
National Revolution Day November 07
Ramadan Starts Date Varies
Victory Day December 16
Christmas Day December 25
Shab e-Oadr Date Varies
Eid Al Fitr Date Varies
bangladesh


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