BIDA collaborates with experts to develop FDI Heatmap for Bangladesh
This initiative aims to strategically highlight sectors and sub-segments where Bangladesh demonstrates a competitive edge and substantial growth potential
The Bangladesh Investment Development Authority (BIDA), the premier investment promotion agency of the Bangladesh government, is partnering with industry leaders to create a Foreign Direct Investment (FDI) Heatmap.
This initiative aims to strategically highlight sectors and sub-segments where Bangladesh demonstrates a competitive edge and substantial growth potential, according to a media release issued today (18 November).
The FDI Heatmap is being developed in collaboration with renowned global and local organisations, private sector specialists, and research institutions.
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Key stakeholders have been engaged to provide valuable insights and analyses, enabling BIDA to identify priority countries, regions, and anchor investors.
With this initiative, which marks a significant shift from traditional, reactive investment promotion to a more data-driven and strategic approach, BIDA aims to position Bangladesh as an attractive destination for foreign investors, fostering sustainable economic growth and enhancing the country's global competitiveness.
"Investment promotion in Bangladesh has historically been reactive. The FDI Heatmap signals a shift towards data-driven, strategic engagement and exemplifies public-private collaboration.
"BIDA will also regularly update the FDI Heatmap through consultations with key experts and stakeholders, especially from existing and potential FDI source countries," said BIDA Executive Chairman Chowdhury Ashik Mahmud Bin Harun.
The project, spearheaded by Nahian Rahman Rochi, the incoming head of BIDA's new Business Development team, is set to deliver actionable insights by the end of November.
BIDA's partners in this initiative include the Foreign Investors' Chamber of Commerce and Industry (FICCI), Dhaka Chamber of Commerce and Industry (DCCI), Hongkong and Shanghai Banking Corporation Limited (HSBC), Standard Chartered Bank (SCB), IDLC, International Finance Corporation (IFC), PricewaterhouseCoopers (PwC), Boston Consulting Group (BCG), Ernst & Young (E&Y), LightCastle Partners, Inspira Advisory and Consulting, Japan External Trade Organisation (JETRO), Japan International Cooperation Agency (JICA), and Korea Trade-Investment Promotion Agency (KOTRA), among others.
