Photo: Collected
The Bangladesh Investment Development Authority (BIDA) has unveiled the FDI Heatmap, a data-driven framework designed to drive Foreign Direct Investment (FDI) into the country. Focusing on 19 high-potential sectors, the Heatmap offers a strategic approach to attract global investors.
According to BIDA Executive Chairman Ashik Chowdhury, the Heatmap will serve as the guiding framework for all future investor engagements, from roadshows to bilateral treaties and policy support. "This is more than just a plan; it's the blueprint for all our future touchpoints with investors," he said.
While Bangladesh's economic fundamentals remain strong, FDI contributions currently stand at just 0.5% of GDP, well below the global average of 3-4%. The Heatmap aims to address this gap by prioritising sectors, identifying key investor markets, and aligning investment strategies with national development goals, including SDGs and ESG priorities.
The Heatmap categorises 19 sectors into four groups based on market readiness, resource availability, and strategic alignment:
Category A (Immediate Targets): Core Apparel, Pharmaceuticals (without API), Agro Processing, IT-Enabled Services, Advanced Textiles, and Renewable Energy.
Category B (Enable Quick Entry): Automotive Parts, Footwear, Light Engineering, and Leather.
Category C (Customized Deals): Logistics and Electronics & Assembly.
Category D (Policy & Capacity Development): EV Batteries, Medical Devices, Technical Textiles, Toys, Active Pharmaceutical Ingredients, Semiconductors, and Plastics.
Developed with input from industry leaders including Standard Chartered Bank, HSBC, PwC, EY, BCG, and several other local and international partners, the Heatmap will be operationalised through targeted activities like international investment roadshows and the formation of a public-private advisory council.
The Heatmap will be reviewed annually to ensure its relevance in an ever-evolving global market.
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